France’s Total Looks To Sell Its Stake In Kurdistan Oilfield | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 04, 2020, 4:30 PM CST France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with...Continue Reading

Fitch Sees Brent At $45 Next Year | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Dec 04, 2020, 4:00 PM CST Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd...Continue Reading

Oil Rallies On OPEC+ Agreement | 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 – Dec 04, 2020, 1:00 PM CST Oil prices rallied on Friday morning as OPEC+ finally came to a compromise, with the...Continue Reading

Oil Rig Count Rises To Highest Level Since Mid-May | 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 – Dec 04, 2020, 12:15 PM CST Baker Hughes reported on Friday that the number...Continue Reading

By Editorial Dept – Dec 04, 2020, 12:00 PM CST U.S. West Texas Intermediate crude oil futures are trading higher on Friday as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations. The market surged early in the session but...Continue Reading

By Editorial Dept – Dec 04, 2020, 12:00 PM CST Libya has stunned everyone by fairly quickly ramping up to 1.2 million bpd in a matter of months. That’s an impressive feat impressive given the damage that was done. But as we have said repeatedly in this newsletter, this is far from over. And as...Continue Reading

By Editorial Dept – Dec 04, 2020, 12:00 PM CST Usually, when a market move makes no sense to you, it is you that is wrong. As my old dealing room boss loved to say, or rather shout, the market cannot be wrong. It is simply a reflection of the last place two people were...Continue Reading

By Editorial Dept – Dec 04, 2020, 12:00 PM CST Politics, Geopolitics & Conflict – Trump is adding China’s national offshore oil and gas producer, CNOOC, to the U.S. defense blacklist, launching a salvo that looks a lot like a brewing energy war at a time when American investors are – for the first time...Continue Reading

By Editorial Dept – Dec 04, 2020, 12:00 PM CST 1. Exxon’s sharp CAPEX cuts – ExxonMobil (NYSE: XOM) announced plans to cut its CAPEX down to $20-$25 billion annually, lopping off $10 billion from what the company said in March at the onset of the pandemic. – In terms of spending growth, the new...Continue Reading

Denmark To End Oil Production In 2050 | 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 – Dec 04, 2020, 11:30 AM CST Denmark will stop extracting oil from the North Sea in 2050,...Continue Reading