• Upstream
  • Pipelines & Transport
  • Downstream
Tuesday, September 9, 2025
Oil&Gas Advancement
  • Home
  • News
    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    Develop Fields as Tiebacks

    UK May Develop Fields as Tiebacks for Oil & Gas Exploration

    China Russia Gas Pipeline

    China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

    Live Transmission System to Transport Hydrogen

    SGN Uses Live Transmission System to Transport Hydrogen

    Egypt commits 400m investment

    Egypt Commits $400m Investment to Build a Gas Pipeline

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    US LNG exports

    US LNG Exports Fuel Shale Gas Production Expansion

  • Projects
    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    SEWA Implements Natural Gas Network Connection in the UAE

    SEWA Implements Natural Gas Network Connection in the UAE

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Europe

Crude declines as growth in shale production scares investors

in Europe, News, Pipelines & Transport
Share on FacebookShare on Twitter

U.S. weekly crude production surged to a record 10.25 MMbpd. American production is set to climb even higher this year and breach 11 MMbpd in November, reaching that level a year earlier than expected, according to the U.S. government. Nationwide weekly output is now above Saudi Arabia’s production of about 10 MMbpd last month.

Futures earlier rebounded by as much as 0.5% in New York, spurred by weakness in the dollar, which added support to commodity prices. The U.S. benchmark also bounced off its 50-day moving average, a key technical level. Yet, as the dollar pared its losses and with U.S. oil output sitting at a record-high, prices declined.

“That enormously steep rebound in Lower 48 production is what’s weighing on the market,” Michael Loewen, a commodities strategist at Scotiabank in Toronto, said by telephone. “The market is not entirely sure how to digest this information.”

West Texas Intermediate for March delivery fell 41 cents to $61.38/bbl at 10:13 a.m. on the New York Mercantile Exchange, after earlier rising to as high as $62.09. Total volume traded was about 44% above the 100-day average.
Brent for April settlement declined 52 cents to $64.99/bbl on the London-based ICE Futures Europe exchange, and traded at a $3.84 premium to WTI for the same month.

The Bloomberg Dollar Spot Index, a gauge of the currency against 10 major peers, fell as much as 0.3%. A weaker greenback boosts the appeal of commodities as an investment.

“We’ve seen the dollar move down,” Bart Melek, head of global commodity strategy at TD Securities in Toronto, said by telephone. At the same time, oil “stopped at the technical level, support at the 50-day.”

U.S. oil output increased for a fourth week, up by 332,000 bpd last week, EIA data showed. Crude in the nation’s storage tanks and terminals increased by 1.9 MMbbl, while gasoline and distillate stockpiles also expanded, the data showed.

“U.S. crude production should keep hitting new highs throughout 2018,” Citigroup analysts including Ed Morse wrote in a Feb. 7 note.

Previous Post

Aker Solutions wins services contract from Petrobras in Brazil

Next Post

22th International Conference Oil and Gas Uzbekistan OGU) – the key event in the national oil and gas industry, will be held on May 16-17, in Tashkent city

Related Posts

Production Sharing Contract of Nigeria
Gases

Production-Sharing Contract of Nigeria with TotalEnergies

September 8, 2025
Develop Fields as Tiebacks
News

UK May Develop Fields as Tiebacks for Oil & Gas Exploration

September 8, 2025
China Russia Gas Pipeline
Gases

China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

September 8, 2025
Live Transmission System to Transport Hydrogen
Europe

SGN Uses Live Transmission System to Transport Hydrogen

September 6, 2025
Egypt commits 400m investment
News

Egypt Commits $400m Investment to Build a Gas Pipeline

September 4, 2025
First Arctic LNG 2 Gas Delivery
Gases

First Arctic LNG 2 Gas Delivery from Russia to China Starts

September 1, 2025
Next Post

22th International Conference Oil and Gas Uzbekistan OGU) - the key event in the national oil and gas industry, will be held on May 16-17, in Tashkent city

LatestNews

Develop Fields as Tiebacks
News

UK May Develop Fields as Tiebacks for Oil & Gas Exploration

September 8, 2025
China Russia Gas Pipeline
Gases

China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

September 8, 2025
Live Transmission System to Transport Hydrogen
Europe

SGN Uses Live Transmission System to Transport Hydrogen

September 6, 2025
Egypt commits 400m investment
News

Egypt Commits $400m Investment to Build a Gas Pipeline

September 4, 2025
First Arctic LNG 2 Gas Delivery
Gases

First Arctic LNG 2 Gas Delivery from Russia to China Starts

September 1, 2025
Major Energy Deals
News

Officials From Russia and The US Discuss Major Energy Deals

September 1, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.