Here are some of the top stories from Rigzone over the past week, in case you missed them…
OPEC+ has plenty of dry powder for more cuts
OPEC+ has plenty of dry powder for further cuts if needed, according to Bjarne Schieldrop, chief commodities analyst at Skandinaviska Enskilda Banken AB (SEB).
Read the full article here
Could oil prices fall in 2023?
According to Joseph Gatdula, Head of Oil and Gas Research at BMI, a “significant reduction” in oil prices is a growing risk.
Read the full article here
The North American platform count is down again
North America cut seven more rigs week-on-week, according to Baker Hughes’ rotating rig count released May 5.
Read the full article here
US EIA cuts 2023 and 2024 Brent oil price forecasts
The US Energy Information Administration (EIA) cut its average Brent price forecasts for 2023 and 2024 in its latest short-term energy outlook, which was released on May 9.
Read the full article here
Shale oil drilling getting cheaper
Bloomberg reported that the cost of drilling for shale oil is falling for the first time in about two years.
Read the full article here
Canada Oil and Gas Cos reacts to wildfires
Several Canadian oil and gas companies have responded to the recent wildfires.
Read the full article here
To contact the author, please email andreas.exarheas@rigzone.com
