Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of January. The chill is supporting oil prices, which are holding above $50 a barrel, while the profit from turning crude into diesel climbed in Europe to the most since August in recent weeks as...Continue Reading

Hedge Funds Haven’t Been This Bullish On Oil Since Pandemic Started | 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 06, 2021, 3:00 PM CST Money managers started 2021 with...Continue Reading

Iran: U.S. Owes Tehran $70B In Damages For Missed Oil Revenues | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jan 06, 2021, 2:00 PM CST Iran claims that the U.S. should pay Tehran as much as US$70 billion as compensation for lost oil revenues due...Continue Reading

U.S. Banks Don’t Want To Be Forced To Lend Money To Oil & Gas | 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 06, 2021, 1:30 PM CST U.S. banks...Continue Reading

Ecuador Scrambles To Clean Up Its Oil Industry | 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 – Jan 06, 2021, 1:00 PM CST The last year was...Continue Reading

Exxon Discloses Value-Chain Emissions | 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 Related News By Irina Slav – Jan 06, 2021, 12:30 PM CST Under pressure from investors, Exxon has released an Energy and Carbon Summary that for...Continue Reading

Goldman: Saudi Oil Strategists Fear Weak Demand In 2021 | 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 06, 2021, 12:00 PM CST Saudi Arabia’s unexpected major oil production cut...Continue Reading

The U.S. didn’t import any Saudi crude last week for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic. SourceContinue Reading

The World’s First Major Hydrogen Hubs Are In The Making | OilPrice.com Alan Mammoser Alan Mammoser writes about energy, environment, cities, infrastructure and planning. He writes the weblog, www.warmearth.us More Info Premium Content By Alan Mammoser – Jan 06, 2021, 11:00 AM CST A profuse literature on hydrogen is coming forth from companies, governments, and...Continue Reading

Guards Block Oil Loading At Libyan Port | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 06, 2021, 10:30 AM CST Petroleum facilities guards at an oil export terminal in eastern Libya have delayed the loading of at least one crude oil cargo and are...Continue Reading