OilMarket

Liberty Oil Predicts Stable U.S. Oil Activity Amid Price Resilience Above $60

1 month ago

In a recent announcement, Liberty Oilfield Services has expressed confidence in the stability of U.S. oil extraction activities, attributing this outlook to the current prices remaining firmly above the $60 per barrel threshold. The energy sector has shown signs of maintaining its momentum as increasing demand couples with steady production levels.

Mercuria Bolsters Crude Trading Team with Key Hires from TotalEnergies

2 months ago

In a strategic move to enhance its market position, Mercuria Energy Group Ltd. has made headlines by hiring two experienced crude oil traders from the trading arm of TotalEnergies. This significant recruitment aims to fortify Mercuria’s capabilities amid a rapidly evolving energy sector, where agility and expertise are crucial for success.

Chevron Anticipates Strong Oil Production Growth in the Permian Basin

4 months ago

Chevron Corporation is set to experience a notable surge in oil production from the Permian Basin, as the energy giant projects an increase of as much as 10% in output for the year 2025. This forecast illustrates not only the company's ambitious goals but also reflects the potential resilience and growth of the U.S. energy sector amid fluctuating market conditions.