Monday, January 13, 2025
U.S. shale producers to stay on sidelines if OPEC+ slashes output- oil and gas 360

U.S. shale producers to stay on sidelines if OPEC+ slashes output

Nasdaq A big oil production cut by OPEC+ members will not spur new U.S. oil and gas production, energy executives told Reuters, despite the likely rise in prices that could signal higher profits and inflation pressures.   The Organization of the Petroleum Exporting Countries and its allies, called OPEC+, meets on Wednesday to consider output cuts that could exceed 1 million barrels

Aramco: Spare oil capacity risks complete erosion when China reopens- oil and gas 360

Aramco: Spare oil capacity risks complete erosion when China reopens

World Oil (Bloomberg) — The world’s biggest oil company reiterated its warning that producers’ spare capacity is running low and said there wouldn’t be any left once China ends its Covid Zero strategy.   “The world should be worried,” Saudi Aramco’s Chief Executive Officer Amin Nasser said at a conference in London. “This is where we are heading. If China

U.S. and Mexico extend energy discussions after failing to resolve dispute- oil and gas 360

U.S. and Mexico extend energy discussions after failing to resolve dispute

Oil Price The United States and Mexico will continue talks aimed at settling an energy policy dispute after failing to reach an agreement within the set minimum period, Bloomberg has reported, citing the sides chose to keep negotiating instead of the U.S. opting for arbitration.   It was the United States that requested the talks earlier this year, under the United