By Editorial Dept – Nov 13, 2020, 1:00 PM CST U.S. West Texas Intermediate is trading lower on Friday. The catalysts behind the selling pressure are fears over skyrocketing COVID-19 cases and their negative effect on the global demand recovery. Nonetheless, the market remains on track to finish higher for a second consecutive week, helped...Continue Reading

The Price Of Permian Acreage Has Slumped By 67% After Oil Price Crash | 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 – Nov 13, 2020, 12:30 PM CST Due to the...Continue Reading

The Interior Department is set to issue a formal “call for nominations” as soon as Monday, kick-starting a final effort to get input on what tracts to auction inside the refuge’s 1.56-million-acre coastal plain. SourceContinue Reading

U.S. Oil Rig Count Rises For The Eighth Week In A Row | 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 – Nov 13, 2020, 12:14 PM CST Baker Hughes reported on Friday...Continue Reading

Iraq’s Latest Attempt To Corner Asian Oil Markets | OilPrice.com Viktor Katona Viktor Katona is an Group Physical Trader at MOL Group and Expert at the Russian International Affairs Council, currently based in Budapest. Disclaimer: views set… More Info Premium Content By Viktor Katona – Nov 13, 2020, 11:00 AM CST Every new crisis is...Continue Reading

PDVSA Chief Goes to Russia To “Deepen Ties” | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 13, 2020, 10:30 AM CST The head of Venezuela’s state oil company PDVSA, Asdrubal Chavez, and Venezuelan vice-president and economy minister Delcy Rodriguez are visiting Russia today to...Continue Reading

Oil Price Crash Costs Saudi Arabia $27.5 Billion In Revenue In 2020 | 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 Premium Content By Tsvetana Paraskova – Nov 13, 2020, 10:00 AM CST The oil price collapse...Continue Reading

Enbridge Gets More Permits For Line 3 | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Nov 13, 2020, 9:30 AM CST Enbridge received a set of permits from Minnesota regulators that will...Continue Reading

NASA is among the first customers to benefit from the joint service offering. Baker Hughes is adapting and printing a NASA design using a hybrid of direct energy deposition, an additive process, and machining to manufacture a part to be used in wind tunnel testing. SourceContinue Reading

As well as the surge in European coronavirus cases, there are also growing numbers in the U.S., Japan and South Korea, all of which are major oil consumers. The International Energy Agency and the Organization of Petroleum Exporting Countries revised down their demand forecasts this week. SourceContinue Reading