In its February Short Term Energy Outlook (STEO), the EIA forecasts this month’s world oil consumption at 96.7 million barrels per day (mbpd). The oil supply, however, is much lower, only 93.6 mbpd, with the difference of 3.1 mbpd of necessity being drawn from crude oil and refined product inventories. By historical standards, a sustained...Continue Reading

Futures in New York slipped below $65 a barrel on Tuesday in choppy trading after surging to the highest since 2018 on Monday. OECD forecasts for this year and next suggest some European economies won’t make up lost GDP in 2022. SourceContinue Reading

U.S. Oil Production Saw The Largest Decline Ever 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 – Mar 09, 2021, 2:30 PM CST Due to plunging drilling activity amid...Continue Reading

Oil Prices Dip After Hitting $70 | OilPrice.com Josh Owens Josh Owens is the Content Director at Oilprice.com. An International Relations and Politics graduate from the University of Edinburgh, Josh specialized in Middle East and… More Info Premium Content By Josh Owens – Mar 09, 2021, 2:00 PM CST Investor Alert! As oil markets finally...Continue Reading

Can Colombia Cash In On Higher Oil Prices? | 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 – Mar 09, 2021, 1:00 PM CST Latin America’s fourth largest...Continue Reading

Bill Gates-Backed Israeli Startup Raises $22M To Scale Up Green Hydrogen | 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 – Mar 09, 2021, 12:30 PM CST H2Pro, a startup founded in...Continue Reading

Is South Korea’s Monster Wind Farm Feasible? | OilPrice.com Viktor Katona Viktor Katona is an Group Physical Trader at MOL Group and Expert at the Russian International Affairs Council, currently based in Budapest. Disclaimer: views set… More Info Premium Content By Viktor Katona – Mar 09, 2021, 12:00 PM CST South Korea might be reputed...Continue Reading

Libya Looks To Boost Oil Production To 1.45 Million Bpd By End-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 Related News By Tsvetana Paraskova – Mar 09, 2021, 11:30 AM CST Libya plans to raise...Continue Reading

The move by senators Steve Daines of Montana and Cynthia Lummis of Wyoming underscores deep opposition from many Senate Republicans over the Biden administration’s plans for managing the nation’s federal lands and waters. SourceContinue Reading

UAE And Israel Look To Forge Energy Ties Through New Pipeline | OilPrice.com Vanand Meliksetian Vanand Meliksetian has extended experience working in the energy sector. His involvement with the fossil fuel industry as well as renewables makes him an allrounder… More Info Premium Content By Vanand Meliksetian – Mar 09, 2021, 11:00 AM CST President...Continue Reading