“The Texas upstream oil and gas economy was already in a state of decline before Covid-19,” said Alliance Executive V.P. and Petroleum Economist Karr Ingham, in exclusive comments to World Oil, adding that the demand contraction in the U.S. and globally was easily the sharpest demand drop in the shortest amount of time on record....Continue Reading

EIA: Global Oil Consumption Crashed By 9% In 2020 | 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 – Jan 29, 2021, 2:30 PM CST Due to the coronavirus restrictions and lockdowns,...Continue Reading

New Vaccine Hopes Boost Oil Prices | 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 – Jan 29, 2021, 2:00 PM CST New vaccines from both Johnson & Johnson and Novavax have added to bullish sentiment...Continue Reading

OPEC’s Oil Production Rises In January As Cartel Eases Output Cuts | 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 29, 2021, 1:00 PM CST OPEC’s crude oil production has...Continue Reading

Dutch Court Holds Shell Liable For Oil Spill In Nigeria   | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 29, 2021, 12:30 PM CST The Hague Court of Appeal ordered Shell on Friday to compensate Nigerian farmers for two oil spills in the country...Continue Reading

Oil Prices Under Fire As Rig Count Continues To Rise | 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 – Jan 29, 2021, 12:09 PM CST Baker Hughes reported on Friday that the...Continue Reading

Occidental Delivers World First Carbon-Neutral Oil | 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 – Jan 29, 2021, 11:30 AM CST A unit of U.S. Occidental said this week it had...Continue Reading

Two Oil Stocks To Watch In 2021 | OilPrice.com Premium Content By Ann Gregory – Jan 29, 2021, 11:29 AM CST The oil industry is finally recovering from COVID, with prices over $50 – and have been climbing.  But it probably won’t be the barely profitable U.S. shale patch that will entice investors back into...Continue Reading

Oil Rises On Expectations Of Tighter Market | 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 29, 2021, 11:00 AM CST Oil prices rose by more than 1 percent early...Continue Reading

Keppel Offshore and Marine will exit the offshore rig building business, after completing the existing rigs under construction, the company said in a statement. SourceContinue Reading