New Mexico’s Oil And Gas Royalties Hit Record

New Mexico’s Oil And Gas Royalties Hit Record

New Mexico raked in its highest ever royalty amount from oil and gas leases in April, according to the NM’s State Land Office. The previous record high royalty payments from oil and gas leases on a monthly basis was $109 million, reached in February 2020. Now, for...
Goldman: Oil To Hit $80 On Largest Ever Demand Jump

Goldman: Oil To Hit $80 On Largest Ever Demand Jump

Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer. Higher demand for travel and acceleration of vaccinations in Europe are...