Oil prices continued to fluctuate in the month of May, leading up to the latest OPEC meeting as well as after the group announced their future plans. Here is a roundup of oil and gas news from the past month:
- OPEC agreed to extend production cuts into 2018, which could push oil prices to $60 per barrel by the end of 2017. (via Financial Times)
- IDC Energy Insights conducted a survey of oil and gas companies, asking them about their IT plans for the near future. According to the responses, more companies have adopted digital technologies in their operations. (via E&P Magazine)
- U.S. explorers are leading the way in increased capital for exploration and production. (via Bloomberg)
Let us know what other oil and gas stories piqued your interest in May. Share them with us in the comments below, or tweet us @aclaroinc.