Global stockpiles in onshore tanks and floating storage are estimated by the International Energy Agency to have shrunk by about 300 million barrels since OPEC and its allies made deep production cuts in May. Reduced supply and the vaccine-driven demand boost have entrenched Brent’s futures price curve in a bullish backwardation structure, which encourages the...Continue Reading

How U.S. Sanctions Against Venezuela Backfired | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Feb 07, 2021, 7:00 PM CST Harsh U.S. sanctions, a crumbling economy,...Continue Reading

Green Tech Could Create The First Trillionaire | OilPrice.com Premium Content By Felix Williams – Feb 07, 2021, 6:00 PM CST Big tech has ignored green tech, but make no mistake: The world’s first trillionaire could well come from the green tech sector.  And right now, while the only clear front-runners are Elon Musk–already the...Continue Reading