Young professionals may pivot away from a career in oil and gas
Letter from Houston: Fiscal discipline has positives and negatives
No rush for a production rebound makes sense. But it may impact on the long-term attractiveness of a career in oil
The Texas oil industry—and production across much of the US more broadly—has, unsurprisingly, spent a year struggling to adjust for highly uncertain demand conditions. It still also bears the psychological scars of last year’s negative April WTI price. To briefly recap, overwhelming selling demand to close out long positions from paper traders unable to take delivery of physical barrels and a lack of Cushing tank capacity forced the expiring WTI futures contract to previously unseen lows. Physically traded WTI—along with other US grades, which often trade over the counter and share a positive correlation with WTI paper—also weakened considerably. As a reaction, according to the EIA, Lower-48
Also in this section
5 March 2025
The oil alliance’s decision to keep to the plan amid tightening economic fundamentals seems to have been lost in the global geopolitical maelstrom, misplaced market speculation and haze of conjecture
5 March 2025
Petronas is making huge efforts to arrest falling oil production and accelerate gas increases to meet rising demand, but political tensions persist
5 March 2025
Plans to boost capacity have seen little progress as the country lags behind other major oil consumers and importers
4 March 2025
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
