Sunday, February 2, 2025
Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

OPEC Compliance Dives as Angola, Saudi Arabia Increase Production

Compliance falls below 100% OPEC’s grip on the oil market seems to be slipping away, as its newest Monthly Oil Market Report shows production rising, despite cuts. In its MOMR, OPEC gives two sources of production, levels directly reported by companies and levels reported by secondary sources such as Platts. Each country’s directly reported values are not considered reliable, though,

PetroQuest Reports Its Largest Cotton Valley Well Yet

First multi-well pad yields average of 2,120 BOEPD per well PetroQuest Energy (ticker: PQ) has announced the results of its first multi-well pad in the Cotton Valley, showing encouraging results. The three wells drilled in this pad had a combined 24 hour IP of 38,167 Mcfe/d, split between 27,697 Mcf of gas, 1m678 bbl of NGLs and 67 bbl of