Oil price news

Li Xing Gan Financial Markets Strategist at Exness says oil prices have paused their decline due to concerns over Hurricane Francine.

The body’s monthly report indicates a 2025 growth at 1.7 million bpd, slightly below this year’s figure.

Rystad Energy oil macro update from 11 September.

The EIA expects that Brent crude oil prices will return to above US$80/bbl this month.

Marubeni Corporation and Japan Petroleum Exploration Co have entered into a joint study agreement with PT Pertamina and its subsidiary PT Pertamina Hulu Energi to conduct a feasibility assessment on BECCS at a pulp mill and nearby oil field area in South Sumatra Province, Indonesia.

The Energy Information Administration estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% in 2023 and 2% in 2024.

Eni has announced the signing of an agreement with Oando PLC for the sale of Nigerian Agip Oil Company Ltd, the wholly Eni-owned subsidiary focusing on onshore oil and gas exploration and production in Nigeria, as well as power generation.

The reinvestment rate of US shale oil producers has hit its highest level in three years in the 2Q23, but the recent trajectory will not last, according to Rystad Energy research.

Southeast Asia's renewable investment to top US$76 billion by 2025, boosting energy independence and competitiveness.

SFL has announced that it has signed a drilling contract in Canada with a value of approximately US$100 million.