Pioneer Sees Tight Crude Market in Coming Years

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Stocks,Trading,Finance
focal point/Shutterstock

US oil and natural gas producer Pioneer Natural Resources expects the oil market to remain relatively tight over the next three years with oil prices in the $70-$100 per barrel range, a senior official told a Houston conference on Thursday.

Topics:
Oil Supply, Oil Pipelines, Oil Prices, Forecasts, Crude Oil
Wanda Ad #2 (article footer)
#
The move will revert ownership of the block to small independents Ratio Guyana and Cataleya Energy, with Ratio expected to take over operatorship.
Fri, Sep 29, 2023
Bulgaria's parliament has voted to phase out imports of Russian crude oil by October of next year.
Fri, Sep 29, 2023
The EIA's latest Petroleum Supply Monthly shows that US crude output averaged just shy of 13 million b/d in the seventh month of the year.
Fri, Sep 29, 2023