The settlement will restore production at six fields already shut down by the dispute and prevent an escalation to another six over the weekend. Those facilities pump about 130,000 barrels of crude oil and 43 million cubic meters of gas a day. SourceContinue Reading

Turkey’s Black Sea Gas Discovery May Be Bigger Than Thought | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Oct 09, 2020, 2:30 PM CDT Turkey is about to revise up...Continue Reading

Norway’s Oil Strike Could End As Soon As Friday | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Oct 09, 2020, 1:30 PM CDT There is a chance that the oil...Continue Reading

Oil Prices Climb 10% In A Week | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Oct 09, 2020, 1:00 PM CDT Oil prices are on course to climb 10 percent this week as Hurricane...Continue Reading

Air Travel Collapse Makes Oil Hedges More Expensive | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 09, 2020, 12:30 PM CDT The pandemic and the resulting plunge in air travel have caused airlines to largely abandon oil hedges against higher oil prices, thus making...Continue Reading

Rising Oil Rig Count Puts Prices Under Pressure | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Oct 09, 2020, 12:15 PM CDT Baker Hughes reported on Friday that the number of...Continue Reading

By Editorial Dept – Oct 09, 2020, 12:00 PM CDT 1. DVN and EOG exposed to federal lands drilling ban – With Joe Biden leading in the polls, the odds of access to federal lands for U.S oil and gas producers getting curtailed now looks reasonably high. – Devon Energy (NYSE: DVN) and EOG Resources...Continue Reading

By Editorial Dept – Oct 09, 2020, 12:00 PM CDT COVID Market Update For oil suffering under a pandemic, it’s been another week of layoffs and bankruptcies … – Sable Permian Resources LLC was the first shale patch bankruptcy of the week. In the early part of the week, bankrupt Sable agreed to sell itself...Continue Reading

By Editorial Dept – Oct 09, 2020, 12:00 PM CDT The Other National Emergency The U.S. has another national emergency, and this time it’s in the mining sector, where presidential action is better late than never. China controls the bulk of the world’s rare earth’s metals, which are the key to winning a cold war...Continue Reading

By Editorial Dept – Oct 09, 2020, 12:00 PM CDT A few weeks ago, when it was announced that Exxon Mobil (XOM) was being unceremoniously dumped from the Dow Jones Industrial Average, that news was bound to usher in another period of weakness for the once-dominant but already embattled U.S. oil company. At the time...Continue Reading