By Editorial Dept – Nov 27, 2020, 11:00 AM CST 1. Energy catches fire amid broad rally – Oil prices have remained mostly stuck in the low-$40s for months, but the oil market has participated in the broader lift in financial markets stemming from optimism surrounding effective vaccines. – Oil prices surged to their highest...Continue Reading

By Editorial Dept – Nov 27, 2020, 11:00 AM CST The UAE’s largest oil company, ADNOC, this week approved its oil investments for the next five years, to US$122 billion. As ADNOC’s five-year plans go, it’s not the largest, (2019-2023 5-year plan was $132 billion), but considering what a rough year 2020 has been for...Continue Reading

By Editorial Dept – Nov 27, 2020, 11:00 AM CST Politics, Geopolitics & Conflict The Houthi rebels have claimed that they struck an Aramco distribution facility this week in Jeddah. Energy Ministry sources said there was a fire at the North Petroleum Products Distribution Station as a result of the attack, and satellite photos support...Continue Reading

Gold Crashes Below $1,800 | OilPrice.com Safehaven.com Safehaven.com is one of the most established finance and news sites in the world, providing insight into the most important sectors in the business and… More Info Premium Content By Safehaven.com – Nov 27, 2020, 11:00 AM CST This year has been proving to be a gold speculator...Continue Reading

Pemex Prepares For 2021 Oil Pirce Hedge | 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 27, 2020, 10:30 AM CST Mexico’s state oil company Pemex is preparing to launch its 2021...Continue Reading

British Military Sent On Secret Mission To Protect Saudi Oilfields | 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 27, 2020, 10:00 AM CST The United Kingdom has had troops...Continue Reading

Venezuela Resumes Direct Oil Shipments To China | 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 27, 2020, 9:30 AM CST Venezuela has restarted direct shipments of crude oil to China despite...Continue Reading

Saudi Arabia Schedules Informal Meeting With OPEC+ | 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 27, 2020, 9:00 AM CST The leaders of the OPEC+ pact, Saudi Arabia and...Continue Reading

The nation’s success in warding off a major outbreak during the Golden Week holiday in early October may boost optimism for locals preparing to travel back home during the Lunar New Year break. SourceContinue Reading

The speed of their recovery is causing anxiety for OPEC and allies such as Russia as they restrict global output to prop up crude prices. Libya is exempt from the cuts and currently supplies more oil than several of its OPEC peers. SourceContinue Reading