Monday, June 15, 2026

BHP cuts medium-term oil, gas output guidance

Argus  UK-Australian resources firm BHP has cut its medium-term oil and gas production guidance by 5.5pc or around 16,000 b/d of oil equivalent (boe/d), reflecting the impact of the Covid-19 pandemic and a delay to its Scarborough gas development in Australia. BHP has cut its five-year production target to 104mn boe (285,000 boe/d) for the July 2024 to June 2025

OPEC - oilandgas360

Oil price rises on optimism before OPEC+ meeting

Oil&Gas The group is expected to return 1.5 million barrels per day of production to the market The price of Brent crude climbed to $45 per barrel as anticipation grows for the meeting of the Organisation of Petroleum Exporting Counries and its allies, collectively known as OPEC+. The organisation’s technical committee reviewed the deal to cut supply on Monday, and