EOG Resources Says Middle East Exports Have Recovered From Spring Lows, Though Recovery Remains Uneven; Sees Oil Prices Remaining Above Mid-Cycle Levels In The Near To Medium Term; Sees Low Single-Digit Oil Production Growth In 2027; Expects Janus Plant Expansion To Cost About $300M, With Completion In H2 2028
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Why It Matters
EOG says its Middle East oil sales are bouncing back from earlier weakness. When a big oil company sees steady prices and plans spending on factories, it usually means steady business ahead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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