“Uncertainties remain high, mainly surrounding the development of the Covid-19 pandemic and rollout of vaccines, as well as the structural impact of Covid-19 on consumer behaviors, predominantly in transportation sector,” OPEC’s Vienna-based secretariat said in the report. SourceContinue Reading

Exxon Vows To Reduce Emission Intensity | 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 – Dec 14, 2020, 11:30 AM CST ExxonMobil plans to reduce the greenhouse gas emissions from its...Continue Reading

Oil Falls After OPEC Slashes Q1 2021 Demand Forecast | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Dec 14, 2020, 11:00 AM CST Having just recently agreed a new production quota, which along with vaccine hype has spurred oil prices to their...Continue Reading

Iran Contains Fire After Oil Pipeline Spill | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 14, 2020, 10:30 AM CST Iran has brought a fire caused by an oil pipeline spill under control, local media reported. An oil pipeline ruptured on Sunday because of...Continue Reading

Explosion At Saudi Port Damages Oil Tanker | 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 Premium Content By Irina Slav – Dec 14, 2020, 10:00 AM CST An explosion rocked a Singapore-flagged oil tanker at the Saudi Red...Continue Reading

The North Face Fashion Brand Refuses To Serve Oil Firm | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 14, 2020, 9:30 AM CST A Texas-based oil company that ordered jackets for its employees from The North Face was rejected because it was an oil...Continue Reading

Oil Prices Rise As U.S. Vaccinations Begin | 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 – Dec 14, 2020, 9:00 AM CST Oil prices rose early on Monday after the U.S....Continue Reading

Steady output from their mines means that oil sands producers are able to keep revenue coming for decades without too much investment, while the short life span of shale wells forces U.S. explorers to constantly burn cash just to keep up production. SourceContinue Reading

Tensions in the area have risen as the U.S., a Saudi ally, ramps up sanctions on Iran, which backs the Houthis in Yemen’s civil war. SourceContinue Reading

The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than two decades amid oil’s slump. SourceContinue Reading