In this Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, Conglin Xu, Managing Editor, Economics, takes a midyear look at the global oil market, noting developments thus far with a look at what may lie ahead.

Global crude inventory has been building steadily year-to-date. In an apparent oversupply, price action has a followed the fundamentals.

Market sentiment has been shaped by three major forces: escalating macroeconomic uncertainties surrounding the US and China, OPEC+'s evolving production strategy, and political risks amid military conflicts in the Middle East.

In short, we are in a market where risks remain high. Barring unexpected disruption or major policy reversal, oil price momentum could continue to drift sideways through this year's third quarter.

In this second part of a two-part Insights episode of the Oil & Gas Journal ReEnterprised podcast, Alex Procyk, upstream editor, continues his discussion on artificial intelligence (AI) and the idea of "The Great Crew Change," with an emphasis on new-hire training, manager turnover, and Society of Petroleum Engineers (SPE) article quality.

Did you miss the June 10 Part I episode where Procyk talked new hire competence, training, and statistical-based oilfield engineering? Listen in here!

In this first part of a two-part Insights episode of the Oil & Gas Journal ReEnterprised podcast, Alex Procyk, upstream editor, discusses new hire competence, training, and statistical-based oilfield engineering, all with an eye toward AI.

In this episode, Procyk mentions a 2022 article that appeared in the February 7, 2022, print edition of Oil & Gas Journal discussing the Liza development in Stabroek block offshore Guyana.