2018 was a very bad year for one-time commodity trading wunderkind, Pierre Andurand, who back in April of 2018 bet oil could soon hit $100 a barrel (and even said $300 oil is “not impossible“), but watched as his billion Andurand Commodities Fund suffered its largest monthly loss ever just a few months later as oil closed the year at...Continue Reading
South Korea Sends Military Forces To Strait Of Hormuz After Tanker Seizure | 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 05, 2021, 10:30 AM CST South Korea has dispatched military forces...Continue Reading
A Rosneft spokesman said that the deal was “a logical extension” of its cooperation with Trafigura and would give the trading house “long-term access to high quality hydrocarbons to be produced with a low-carbon footprint that can be shipped both to the west and east.” SourceContinue Reading
Trump Administration Finalizes Alaska Oil Drilling Plan | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 05, 2021, 9:30 AM CST The Trump administration has finalized a plan that will open up more land for oil and gas drilling in the Alaska Petroleum Reserve, the...Continue Reading
Oil Rallies As Russia Agrees With OPEC+ Not To Raise Output In February | 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 05, 2021, 9:15 AM CST Oil prices rallied...Continue Reading
Oil Surprisingly Steady Since 2020 Negative Price Disaster | 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 05, 2021, 9:00 AM CST U.S. oil prices have stayed relatively stable at...Continue Reading
Futures in New York gained toward $48 a barrel after dropping the most in 2 weeks on Monday. Discussions will restart on Tuesday after a majority of members, including Saudi Arabia, opposed Russia’s proposal for another supply hike. SourceContinue Reading
The BLM New Mexico State Office will be offering 37 parcels covering 6,850.72 acres, while , the Texas General Land Office will offer 66 tracts covering 22,500.607 net mineral acres in 16 different counties in January. SourceContinue Reading
Should Oil Markets Brace for A U.S. Shale Comeback? | 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 04, 2021, 7:00 PM CST The 2020 crisis put an abrupt end...Continue Reading
How 400 Year Old Blood Taxis Created A $5.7 Trillion Industry | OilPrice.com Premium Content By Angela Cousins – Jan 04, 2021, 6:00 PM CST Nearly 400 years ago, a French businessman may have launched the start of an estimated $5.7 trillion industry, the estimate of value that Uber puts on all passenger vehicle miles...Continue Reading
