Top Headlines: Analysts Release Latest Oil Price Forecasts and More

Oil & Gas

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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