Oil Jumps On Major Crude Inventory Draw | 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 06, 2021, 9:43 AM CST Crude oil prices rose further today after the Energy Information Administration...Continue Reading
Alaska Judge Rules In Favor Of Oil, Gas Drilling In Wildlife Refuge | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 06, 2021, 9:30 AM CST An Alaska judge has ruled against a request for an injunction against a lease sale in the Arctic National...Continue Reading
The first monthly OPEC+ meeting to decide on the group’s production ended with an unexpected, in fact shocking two-month agreement: Saudi announced an unexpected and unilateral production cut of 1 mb/d in February and March, Russia and Kazakhstan will instead increase output modestly to meet seasonal needs while other producers will remain at their January...Continue Reading
“We are the guardian of this industry,” Saudi Energy Minister Prince Abdulaziz bin Salman said as he announced Saudi’s production cut on Tuesday, preserving the OPEC+ deal and sending oil prices to 10-month highs. He emphasized that the decision was made unilaterally by Crown Prince Mohammad bin Salman himself. SourceContinue Reading
OPEC+’s agreement, which will see most producers keep output steady while the Saudis cut, prompted a sharp rally in the structure of the oil futures curve as traders anticipated lower supply in the coming months. SourceContinue Reading
The decision is a victory for the administration, which has been racing to issue oil leases in the refuge’s coastal plain before the Jan. 20 inauguration of President-elect Joe Biden. SourceContinue Reading
Market conditions that might have triggered U.S. oil explorers to raise output and grab market share in recent years are, this time around, more an opportunity for them to pay down debt or boost dividends. SourceContinue Reading
U.S. Oil Executives Cautiously Optimistic About 2021 | 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 05, 2021, 7:00 PM CST The worst seems like it’s over for the U.S. oil industry....Continue Reading
How To Play The Oil Price Rebound In 2021 | OilPrice.com James Stafford James Stafford is the Editor of Oilprice.com More Info Premium Content By James Stafford – Jan 05, 2021, 6:00 PM CST The oil industry took a tumble in 2020, but the tides are beginning to turn. Oil prices are currently wading cautiously...Continue Reading
