Sunday, March 1, 2026
OPEC, in major shift, says oil demand to plateau in late 2030s- oil and gas 360

OPEC, in major shift, says oil demand to plateau in late 2030s

Reuters LONDON – World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits. The prediction from the Organization of the Petroleum Exporting Countries, made in its

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 3 this week, at 269

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 3 over last week, resulting in a total count of 269 rigs. Canada had an increase of 5 over last week, resulting in a total Canadian count of 80 rigs. Breakdown by region Of the regions tracked by Baker Hughes, two regions, the

Gina-Krog - Norway’s striking labour union, oil firms to meet with mediator - oilandgas360

BREAKING: Norway oil strike ends as union, companies agree wage deal

OAG360 Publishers Note: Oil prices suffer amid this deal, with over $1.50 wiped out within minutes of this accouncment, with prices now around $40.68.  International supply outlook wins again  Reuters ___ Norwegian oil firms have struck a wage bargain with labour union officials, ending a strike that had threatened to cut the country’s oil and gas output by close to