Bearish EIA Inventory Report Sends Oil Prices Lower | 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 – Jan 22, 2021, 10:00 AM CST Crude oil prices fell further today after the Energy Information...Continue Reading

How Chinese Refiners Are Skirting Venezuela Oil Sanctions | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 22, 2021, 9:30 AM CST Oil traders are mixing additives into Venezuelan crude to disguise its origin so they can sell it to Chinese refiners without either party...Continue Reading

Goldman Bullish On Oil As It Eyes Major Relief Package | 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 22, 2021, 9:00 AM CST Oil prices will be supported this...Continue Reading

Schlumberger posted better-than-expected earnings Friday and forecast an increase in overseas spending by customers in the next quarter. Earlier in the week, Halliburton said oil markets outside North America may see double-digit growth in the second half of 2021, while Baker Hughes predicted a modest recovery in Latin America, the North Sea and the Middle...Continue Reading

“By 2030, we still need to have capacity of approximately 650 to 700 million tons of LNG in place,” Chief Executive Officer Lorenzo Simonelli told analysts and investors Thursday on a conference call. “You’re looking at 50 to 100 million tons FIDing over the course of the next three to four years.” SourceContinue Reading

President Biden is expected to seek the restoration of the nuclear accord, and officials in Tehran have expressed the hope he will ease restrictions on its petroleum sales. But for now, the sanctions are still in place and any buyer of Iranian crude would face the same legal and financial penalties. SourceContinue Reading

Was Saudi Arabia’s Surprise Production Cut A Good Idea? | 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 21, 2021, 7:00 PM CST Oil prices have risen by 10 percent...Continue Reading

China Snubs Washington With Big Oil Deals In South Iraq | 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 – Jan 21, 2021, 6:00 PM CST There are...Continue Reading