| | | | | | Global oil inventories are decreasing sharply as Middle East export disruptions and production shut-ins continue, leading to higher prices and tighter supplies, with a gradual recovery expected in 2027. |
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| | | | At the conference, Chevron reiterated its $7-billion investment plan in Venezuela, focusing on the low-cost barrels, while ExxonMobil talked about its 'one-in-a-lifetime' opportunity in Guyana. |
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| | | | Enbridge said the assets will strengthen connections between Rockies production areas and key refining and market centers. |
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| | US crude oil production is projected to hit a record this year, driven by increased output from the Permian basin and Gulf of Mexico, supported by higher oil prices and new projects. |
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| | | | Shell, QatarEnergy, and Sonangol signed an agreement aimed at evaluating Blocks 8 and 22 offshore Angola, with Shell serving as operator. |
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| | | | At 424.1 million bbl, US crude oil inventories are the same as the 5-year average for this time of year, the EIA report indicated. |
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