July 11, 2025 – Oil & Gas 360

EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025- oil and gas 360

Celebrating the 30th Anniversary of EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

July 11, 2025

(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025, featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown. Limited presentation opportunities remain for E&P, Midstream, OFS, Energy Transition, Nuclear and Emerging Technology companies Sponsorship opportunities are available for companies seeking to increase marketplace and brand awareness

Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump

July 11, 2025

(Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. licenses allowing foreign partners to operate in the sanctioned OPEC member. There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did

Saudi Arabia’s production increase sparks credibility concerns

July 11, 2025

(Oil Price) – After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to loosen the tie—at least according to the IEA. According to the International Energy Agency, the Kingdom overshot its June production quota by a whopping 700,000 barrels per day, pumping 9.8 million bpd—the highest in two years. OPEC’s official production figures

OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs

July 11, 2025

(World Oil)– With the producer club nearing the end of a first phase of jumbo output hikes, the market’s attention is turning to what will come after. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices. Focus is now on the group’s intentions for those barrels. “Our base case

BP sees lower oil prices denting Q2 profit

July 11, 2025

(Oil Price) – Lower oil and gas prices are expected to dent the second-quarter earnings at BP, despite higher output and stronger refining margins. BP’s realizations in the oil production and operations segment are expected to be $600 million-$800 million lower in the second quarter compared to the first quarter, the supermajor said in a trading statement on Friday ahead of publishing

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

U.S. rig count decreased by 2 is at 537

July 11, 2025

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 2 over last week, resulting in a total count of 537 rigs. Canada had an increase of 11 over last week, resulting in a total Canadian count of 162 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Haynesville region experienced an increase this

US natgas end-of-season storage seen at three-year low in October

July 11, 2025

(BOE Report)– U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.797 trillion cubic feet (tcf) on October 31, 2025, according to analysts’ estimates. That compares with an eight-year high of around 3.938 tcf at the end of the summer injection season in 2024 and a five-year (2020-2024) average of

World oil market may be tighter than it looks, IEA says

July 11, 2025

(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1 million barrels per day this year, up 300,000

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