Oil price charts for brent crude, wti & oil futures Energy news covering oil, petroleum, natural gas and investment advice This report provides an overview of global oil and natural gas market trends, including price changes, production data, and geopolitical developments impacting energy. The current price of west texas intermediate (wti) crude oil today is $59.80 per barrel Live charts, historical data, futures contracts, and breaking news on wti prices can be found below. Australia’s woodside energy expects its sales of crude oil and natural gas to rise by some 50% by 2032, driven by growing demand for energy, especially in asia.
Oil production growth is slowing due to natural depletion and rising costs, especially in the permian basin, but new federal estimates could offset geological limits. Argentina is rapidly emerging as a major south american oil and natural gas producer, driven by the successful exploitation of the massive vaca muerta shale play. Crude oil inventories in the united states are so far showing a net loss of 6.4 million barrels for the year, according to oilprice calculations of api data. Last year, supermajors reported record oil and natural gas output from the top shale basin, the permian They also spoke of their plans to raise that output even further.
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