Welcome back to the CNBC conversation. In this episode, I'm joined by Iraq's Prime Minister, Muhammad Shia Al-Sidani. We spoke about the country's economic model and what $60 oil means for Baghdad.>> Prime Minister, I wanted to turn to the issue of the economy specifically. Oil of course still dominates Iraq's revenues and the question now is how long that model can hold. At the moment we're looking at Brent crude around $60 US a barrel. That is below the fiscal break even price of around $90 US a barrel.So ...

October 17, 2025 04:20 PM GMT The Oil Manual | Europe M Idea A Puzzle at the Heart of the Oil Market Across a broad range of data providers, estimates of OPEC production have diverged sharply this year. Our suspicion, however, is that the higher ones are likely more accurate. In this note, we discuss what this might mean for spare capacity, demand and the pace at which the market might rebalance. Key Takeaways Exhibit 1: The range of estimates for OPEC production has widened sharply since early 2023, and no ...

Oil Monitor Despite softer crude oil fundamentals, winter impacts on petroleum products could be volatile this winter CITI'S TAKE The oft-discussed drivers, such as OPEC+'s production return, are finally affecting crude oil fundamentals and prices, as inventories gradually build. Across the barrel, middle distillates are especially exposed to changes in geopolitics, refinery operations and weather, and this report examines in detail why this winter could potentially turn to be cold in East Asia, mild in the ...

Core Viewpoint - New Stratus Energy Inc. has signed a definitive farm-out agreement with Vultur Oil to develop oil and gas concession contracts in Bahia, Brazil, which is expected to enhance its operational footprint and reserves in the region [1][4]. Concession Contracts - The agreement involves two concession contracts for oil and gas exploration, development, and production, specifically the 108 Contract and the 107 Contract, both held 100% by Vultur [2][3]. Location and Production Background - The concession contracts are situated in the Reconcavo Basin, adjacent to Petrobras's Araças field, which has produced over 5.9 million barrels of oil equivalent since 2012 [3]. FOA Terms - Under the FOA, New Stratus will acquire up to a 32.5% working interest in the concession contracts, with an initial transfer of 15% upon closing, and the remaining 17.5% after the Second Stage Investment [4][5]. Investment and Reserves - New Stratus is set to invest a total of US$10 million, with US$5 million allocated for the First Stage Investment and another US$5 million for the Second Stage Investment, aimed at developing new wells [6][7]. - At closing, the estimated gross proved reserves attributable to New Stratus's 15% working interest are 1.42 million barrels of oil equivalent, with a before-tax net present value (NPV10) of US$15.2 million [6][8]. Historical Operations - Vultur has previously re-entered and stimulated the Candeias formation in the GREN well, achieving production of over 100,000 barrels of oil, indicating the potential for commercial viability [9]. - The GOP exploration well confirmed the presence of hydrocarbons, demonstrating the area's potential for future production [10]. Future Projections - The reserves estimates for New Stratus's anticipated 32.5% working interest, assuming completion of the Second Stage Investment, are projected to be 3.07 million barrels of oil equivalent with an NPV10 of US$32.83 million [14].

Key TakeawaysCanada's Energy Regulator is set to implement new exemption orders on December 1, streamlining approvals for "negligible-risk" oil and gas projects, though excluding additions like storage facilities.Japanese stocks surged to record highs, with the Nikkei 225 jumping 2.9% to 48,970.40, following Sanae Takaichi's emergence as the likely next Prime Minister, fueling investor bets on continued fiscal expansion.The Trump administration is "opportunistically evaluating" a public offering for Fannie ...

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited ("GeoPark†or the "Company†) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces its operational update for the three-month period ended September 30, 2025 ("3Q2025†). Oil and Gas Production and Operations January-September consolidated average oil and gas production of 28,194 boepd 3Q2025 consolidated average oil and gas production of 28,136 boepd, reflecting solid deli. ...

There have been these longheld predictions that this surging production is going to push the market into a surplus. From your view, where are we at right now. Are we at some sort of tipping point.>> Great to be with you, Kaylee. We are. You know, we're like a bunch of folks at the beach who've been hearing on the radio that a tsunami is coming, but kind of questioning if it's coming or not.Now, Rapidan is predicting or forecasting to extend the analogy a tsunami for quite a while and we're starting to see i ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

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Key Takeaways Chevron expands its operations in Argentina's Vaca Muerta shale, part of its global growth plan.The company leverages U.S. shale expertise to boost efficiency and cut breakeven costs.Chevron joins a $3B pipeline project to expand output capacity and support energy exports.Chevron Corporation ((CVX) continues to expand its presence in Argentina’s Vaca Muerta shale — one of the world’s largest unconventional oil and gas formations. Having entered the play more than a decade ago, Chevron sees Vac ...