ExxonMobil Corp. and Chevron Corp. both demonstrated robust production performance in Q2 2025, significantly offsetting the impact of lower crude prices.
August 03, 2025
The OPEC+ Joint Ministerial Monitoring Committee (JMMC) met on Jul. 28, emphasizing the
August 03, 2025
US crude oil production achieved a new monthly record in May 2025, averaging 13.488 MM b/d, a modest 0.2% increase from Apr. but a substantial 2.2% rise year-over-year, according to new EIA data.
August 03, 2025
California Governor Gavin Newsom is proposing new legislation to streamline the permitting process for oil wells.
July 27, 2025
OPEC+ faces production hurdles from Kazakhstan's overproduction, Nigeria's quest for higher targets, and Iraqi Kurdistan's stalled exports due to disputes and drone attacks.
July 20, 2025
Chevron's recent acquisition of Hess Corporation significantly boosts its presence in Guyana's prolific Stabroek Block.
July 20, 2025
To continue the previous article (posted on Jul. 6 entitled OPEC+ Shifts to Market Share Strategy Amidst Compliance Challenges and Global Market Dynamics), the cartel's recent decisions mark a significant and aggressive strategic pivot, moving decisively from a price defense posture towards a robust pursuit of market share by accelerating crude oil output increases.
July 13, 2025
OPEC+ is undergoing a significant strategic pivot, moving from a price defense posture to a more aggressive pursuit of market share by accelerating output increases.
July 06, 2025
The US energy sector is currently marked by record-high crude oil production, a notable decline in proven reserves for both oil and natural gas.
July 06, 2025
The US has lifted a comprehensive set of sanctions on Syrian oil imports and related entities, effective Jul. 1, 2025, signaling a significant step towards normalizing Syria's energy sector and facilitating its post-war reconstruction.
July 06, 2025
