“We’ve been able to remain very steady as others have had to change strategy, change dividend, change financial priorities,” Chevron CEO Mike Wirth said. “For us it’s been a pretty simple promise of higher returns, lower carbon and you can count on us.” SourceContinue Reading

While OPEC’s third-largest producer will still reduce supply to Asia in January, the curbs won’t be as deep as this month in percentage terms. SourceContinue Reading

Oil is still near a nine-month high after surging last month amid optimism over vaccine breakthroughs and its trajectory over the next few months will depend on how quickly Covid-19 drugs can be deployed. SourceContinue Reading

The market has faced a major sell-off since prices rose to a 21-month high at the end of October, with speculators all but giving up any prospect of a frigid winter. SourceContinue Reading

Oil Markets Are Finally Ready To Recover | OilPrice.com David Messler Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… More Info Premium Content By David Messler – Dec 07, 2020, 7:00 PM CST The oil markets have staged...Continue Reading

The Tiny Oil Nation At The Center Of A Middle East Power Struggle | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Dec 07, 2020, 6:00 PM...Continue Reading