Kurdistan Halts All Oil Exports After Attack | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 30, 2020, 4:30 PM CDT The Kurdistan Region Government in Iraq declared a halt to all oil exports on Friday after experiencing an attack on a crude oil pipeline...Continue Reading

Western Europe’s Biggest Oilfield Set To Increase Production | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 30, 2020, 2:30 PM CDT The giant Johan Sverdrup oilfield in Norway’s North Sea is expected to increase its oil production this quarter after the Norwegian government raised...Continue Reading

Exxon Flags Possible $30B Writedown After Third Straight Loss | 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 30, 2020, 1:30 PM CDT ExxonMobil (NYSE: XOM) warned on Friday that...Continue Reading

Oil Sees Worst Month Since March | 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 30, 2020, 1:00 PM CDT Oil prices have hit a 5-month low as COVID cases climb, new lockdowns are...Continue Reading

By Editorial Dept – Oct 30, 2020, 1:00 PM CDT As Phase 3 of COVID rages globally, the UAE, Kuwait, and Iraq are uncertain about extending OPEC oil production cuts into 2021, which means that come November, the OPEC deal could come into question despite the clear demand lag amid a pandemic that shows no...Continue Reading

By Editorial Dept – Oct 30, 2020, 1:00 PM CDT Just in case you have been fortunate enough to have avoided all reference to it up until now, I should point out that there will be an election in America next week. At first, I was going to say next Tuesday, but given that even...Continue Reading

By Editorial Dept – Oct 30, 2020, 1:00 PM CDT COVID Market Update • The Texas Oil and Gas Association said this week that the state had managed to add 700 oil and gas exploration jobs in September. This would be the first increase since the pandemic struck. Although a glimmer of hope, U.S. Energy...Continue Reading

By Editorial Dept – Oct 30, 2020, 1:00 PM CDT 1. Shell reports small profit – Royal Dutch Shell (NYSE: RDS.A) reported a small $177 million profit in the third quarter, rebounding from a $6 billion loss (plus a massive write-down) in the second quarter. But headwinds remain – low refining margins, low LNG margins...Continue Reading

By Editorial Dept – Oct 30, 2020, 1:00 PM CDT U.S. West Texas Intermediate crude oil futures are edging lower on Friday as traders try to consolidate prices after another week and month of losses. The current price action indicates that chart-watchers are recognizing the importance of a key 50% to 61.8% retracement zone of...Continue Reading

By Julianne Geiger – Oct 30, 2020, 12:29 PM CDT Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 221. The total number of active oil and gas rigs increased for the week by 9, with oil rigs rising by 10 and gas rigs falling...Continue Reading