“The market has now reached a price level that potentially doesn’t reflect current fundamentals,” said Ole Hansen, head of commodities strategy at Saxo Bank A/S. “Oil could be next in line” to suffer from a stronger dollar after other commodity prices came under pressure. SourceContinue Reading
India Oil Demand Falls For First Time In 20 Years Due To COVID | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jan 11, 2021, 9:00 AM CST India’s crude oil demand last year fell for the first time in more than 20 years because of...Continue Reading
A cold snap across Spain is expected to last through mid-January has resulted in natural gas prices more than doubling in the last week, according to Bloomberg. LNG prices trading at Spain’s Punto Virtual de Balance (PVB) gas trading hub hit a record 51.55 euros ($63.13) a megawatt-hour this week, or $18.54 per million British thermal units...Continue Reading
The Houthis are backed by Iran in Yemen’s civil war and have been blamed for several missile strikes and other attacks on Saudi Arabia, some of which they’ve claimed responsibility for. SourceContinue Reading
How U.S. Shale Upended Global Crude Flows | 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 – Jan 10, 2021, 7:00 PM CST The U.S. removed the ban on American crude oil...Continue Reading
3 Electric Vehicle Stocks That Could Boom In 2021 | OilPrice.com Premium Content By Nick Shaw – Jan 10, 2021, 6:30 PM CST There’s no denying that 2020 was an incredible year for electric vehicles… And Elon Musk was the man of the hour. Never in the history of wealth accumulation has anyone shot up...Continue Reading
Is This The Most Exciting Oil Play Of The Decade? | OilPrice.com By Jeff Black – Jan 10, 2021, 6:00 PM CST The last great oil discovery onshore could unfold in the next few weeks, and it’s been hiding right under the noses of the supermajors. It’s all because of a treasure trove of government-held...Continue Reading
