Harold Hamm: “Drill, Baby, Drill” Needs $80 Oil | ZeroHedge

Authored by Tsvetana Paraskova via OilPrice.com,

  • Harold Hamm: would need an oil price of around $80 per barrel to cover the cost of drilling wells.'

  • U.S. Energy Secretary Wright: the administration isn’t targeting a specific price of oil, but it works to bring back common sense and pro-energy policies in America.

  • Scott Sheffield: The cash breakeven price, including dividends, is $50-$55 for U.S. (more…)

Continue ReadingHarold Hamm: “Drill, Baby, Drill” Needs $80 Oil | ZeroHedge

Saudi Aramco, IEA Chiefs Clash In Houston Over The Future Of Oil | ZeroHedge

Authored by Alex Kimani via OilPrice.com,

  • At CERAWeek 2025, Saudi Aramco’s CEO Amin Nasser challenged the IEA’s forecast of peak oil demand.

  • The IEA maintained that even with peak demand, ongoing investments in oil and gas will be necessary due to natural field declines.

  • Aramco’s ambitious plans to scale blue hydrogen and ammonia face high costs and weak market demand, particularly in Europe and Asia.

With the CERAWeek 2025 conference in Houston drawing to a (more…)

Continue ReadingSaudi Aramco, IEA Chiefs Clash In Houston Over The Future Of Oil | ZeroHedge