The oil cartel aims to stabilize prices in a changing geopolitical environment.
The cartel is trying to undercut the U.S. and other nonmember exporters.
Halliburton and Baker Hughes report financial results this week.
They’re vexed by uncertain commodity prices and general uncertainty.
Conditions favor Gulf Coast and Midwestern refineries over those based on the East and West coasts.
Oil production looks like it could be plateauing. Natural gas, not so much.
But that means consumers can expect lower prices at the pump.
Oil production near Guyana is ramping up while production in places like the Permian Basin appears to be approaching a plateau.
Demand will continue to grow in developing economies, according to the oil cartel.
New analysis by S&P Global Commodity Insights shows U.S. natural gas companies are catching up to oil companies in their valuations amid demand growth from AI and foreign importers of liquefied natural gas.
