Wednesday, September 9, 2026
Canadian Heavy Oil Prices are Falling Faster than Global Crude Benchmarks - Oil & Gas 360

Tight Oil Led by the Permian Tops a 2017 Oil Industry Revival: WoodMac

Optimism returns: WoodMac calls for $450 billion in upstream O&G project FIDs in 2017 According to Wood Mackenzie’s global upstream outlook for 2017, confidence will start to return to the oil and gas sector in 2017, with exploration and production spend set to rise by 3% to US$450 billion. The investment level is still 40% below the heady days of 2014,

China

China Sees Falling Crude, Rising Natgas Production through 2020

The National Development and Reform Commission releases its projections for the remainder of the decade China expects crude oil production to fall by 7% compared with its previous five-year plan as production from some of the country’s largest, and oldest, wells continues to decline. Output of natural gas, however, is expected to increase by almost two-thirds, according to a report