Wednesday, July 23, 2025

Debate over Crude Export Ban is Gaining Steam – Changes, Are they a’Coming?

Decades ago, the Organization of the Petroleum Exporting Countries (OPEC) was THE lifeline to the United States’ thirst for oil. Now, record production, horizontal drilling, advanced seismic and completion technologies, and increased spending rates have the U.S. primed to become the world’s top oil producer. Out of 62 companies for which we have gathered data on capital expenditures and estimates,

Petrobras Quarter in Review: Increase in Proved Reserves, Sub-Salt Production on the Rise

Petróleo Brasileiro S.A., or Petrobras (ticker: PBR), is the state-run oil company of Brazil and has operations in 24 countries across five continents. It is the largest producer in South America and participates in E&P, refining, trade, transportation, petrochemicals, oil distribution, electricity, biofuels, and sources of renewable energy. PBR celebrated its 60th anniversary on October 3, 2013. Petrobras’ proven reserves