With the next OPEC+ meeting taking place this Sunday and the U.S. debt ceiling saga set to draw a conclusion around the same time, oil markets are sure to be on edge all week.
A new wave of mergers and acquisitions is coming to the U.S. oil patch, and the most prolific shale basin, the Permian, is set to lead the deal-making activity in the industry.
During CERA Week, top executives from some of the biggest U.S. shale companies discussed global oil supply with top OPEC officials.
Biden in the State of the Union speech: oil will be needed for at least another 10 years
The 2022 energy crisis produced higher prices and policy changes that encouraged investment in the oil and gas sector again.
Oil prices rose as much as more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports.
The USA has become the world’s largest global distributor of LNG after growing exports by 12% in H1 2022,