Top Headlines: Analysts Release Latest Oil Price Forecasts and More
Here are some of Rigzone’s top stories during the last week, just in case you missed them…
Analysts Release Latest Oil Price Forecasts
Fitch Solutions Country Risk & Industry Research revealed its latest oil price forecasts to 2025 in a report sent to Rigzone. The Bloomberg Consensus, which Fitch Solutions is a contributor to, was also highlighted in the report.
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Source of California Oil Leak Confirmed
A Unified Command team that includes the U.S. Coast Guard, the California Department of Fish and Wildlife and Amplify Energy Corporation identified the source of the oil leak offshore California.
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Exxon Sees $700MM Windfall from Gas Rally
Exxon Mobil Corp. said higher global natural gas prices will increase third-quarter profit by about $700 million, Bloomberg reported.
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BP in $Multimillion Cherry Point Refinery Investment
BP announced plans for a $269 million investment in three projects at its Cherry Point Refinery in Washington state. The projects are expected to create more than 300 local jobs over the next three years.
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OPEC+ Holds Both the Knife and the Cake
OPEC+ holds both the knife and the cake in the oil market, according to Rystad Energy’s head of oil markets, Bjornar Tonhaugen.
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Exxon Guyana Block Resource Estimate Rises To 10B Barrels
ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block off Guyana to around 10 billion oil-equivalent barrels after striking oil there one more time.
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