Maersk Drilling has received a conditional letter of award from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana. SourceContinue Reading

Crude inventories at a key storage hub in the U.S. are now below their five-year average, and nationwide inventories continue to slump, an early indication that Saudi Arabia and allied producers are succeeding in their efforts to eliminate a glut. SourceContinue Reading

By David Messler – Feb 03, 2021, 7:00 PM CST Introduction This week we hit some milestones in the year-long recovery from the oil demand crash of 2020. West Texas Intermediate, (WTI) hit and moved past the $55.00 level, and Brent moved closer to $60. These are some important psychological barriers for the market, and...Continue Reading

These Stocks Could Soar As The U.S.-China Electric Vehicle War Heats Up | OilPrice.com Premium Content By Kim Lau – Feb 03, 2021, 6:30 PM CST Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the...Continue Reading

U.S. Oil Production On Course To Hit Record Levels In 2023 | 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 Related News By Julianne Geiger – Feb 03, 2021, 6:30 PM CST U.S. oil production fell sharply in...Continue Reading

The Single Biggest Threat To Big Oil | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Feb 03, 2021, 6:00 PM CST About a week ago, alternative energy plays scored crucial wins seemingly at the expense of the oil...Continue Reading