October 15, 2025

Three Crown Petroleum Announces Significant Progress in its Powder River Basin Drilling Program with Initial Production from 22,500-Foot Niobrara Horizontal Well and Expansion of Development Program

October 15, 2025

(Oil and Gas 360) – The Irvine 1NH well was recently completed and began producing on October 14th Expansion of the 2025 – 2026 drilling program announced across Johnson, Campbell, and Converse Counties with two additional wells expected to spud in November 2025 Three Crown is actively seeking reliable partners to participate in its Niobrara and Mowry drilling program for

Norway to boost spending from Its $2 trillion oil fund in 2026 budget

October 15, 2025

(Oil Price) – The Norwegian government on Wednesday proposed to raise the spending from the country’s oil fund, the world’s largest sovereign wealth fund, in next year’s budget, according to the draft budget of the Labor party, which won a second term in office at the general elections last month. The Labor government of Jonas Gahr Støre will need support from its junior

OPEC Chief: The world needs $18.2 trillion in oil and gas investment

October 15, 2025

(Oil Price) – The world needs more investment in oil and gas as they will continue to account for a large part of the global energy mix in 2050, OPEC Secretary General Haitham Al Ghais said on Wednesday, reiterating the cartel’s view that investment in new supply will be needed in the foreseeable future. Primary energy demand will jump by 23%

IEA projects record oil oversupply in 2026 as OPEC+ output rebounds

October 15, 2025

(World Oil) – A record oversupply of oil will be bigger than previously estimated and the excess is already starting to build up on ocean going tankers, the International Energy Agency said. World oil supply will exceed demand by almost 4 million barrels a day next year, an unprecedented overhang in annual terms, the IEA said in its latest monthly

BofA says US-China trade tensions, OPEC+ output boost could push Brent below $50

October 15, 2025

(BOE Report) – Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent prices could slip below $50 a barrel. The bank maintained its Brent forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first half of 2026, citing a likely floor around $55. “Looking

Three Crown Petroleum Announces Significant Progress in its Powder River Basin Drilling Program with Initial Production from 22,500-Foot Niobrara Horizontal Well and Expansion of Development Program

Norway to boost spending from Its $2 trillion oil fund in 2026 budget

OPEC Chief: The world needs $18.2 trillion in oil and gas investment

IEA projects record oil oversupply in 2026 as OPEC+ output rebounds

BofA says US-China trade tensions, OPEC+ output boost could push Brent below $50

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