Talks between OPEC and its allies will continue for a second day after most members, including Saudi Arabia, opposed Russia’s proposal for another output increase in February, following the 500,000 barrels a day being added this month. SourceContinue Reading

In a statement posted on Twitter, Jason Kenney announced that one cabinet minister, Tracy Allard, along with his chief staff will be stepping down from their posts after revelations the two traveled abroad in recent weeks. SourceContinue Reading

The Beginning Of A New Megatrend In Solar Energy | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jan 04, 2021, 4:00 PM CST The solar sector has enjoyed a jaw-dropping run-up in the current year. The sector’s sole...Continue Reading

Natgas February Nymex contracts jumped 3.5% Monday morning due to colder weather trends and increased heating demand forecasted for the next ten days.  Bespoke Weather Services said since last week, weather models have shifted “materially colder” for parts of the US through mid-January.  “While the 15-day period as a whole remains solidly warmer than normal, we...Continue Reading

Big Oil’s Renewables Push Will Come At A Cost | 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 04, 2021, 3:00 PM CST Major cuts to oil production, an equally major boost...Continue Reading

Tesla Hit Target Of 500,000 Vehicle Deliveries 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 – Jan 04, 2021, 2:30 PM CST Tesla delivered just 450 cars shy of...Continue Reading

Western Oil Majors Are Key To Reviving Venezuela’s 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 04, 2021, 2:00 PM CST Venezuela’s rapidly...Continue Reading

The difference of opinion between Saudi Arabia and Russia, the two de-facto leaders of OPEC+, could make for another tricky meeting. While Russia appeared to be outnumbered, the group typically requires a consensus among all members before concluding talks. SourceContinue Reading

Real yields — the difference between nominal benchmark bond yields and the rate of inflation — fell close to last year’s lowest point on Friday, boosting bullion’s appeal. The decline in real rates is being driven by a rise in inflation expectations, with the market betting on vaccine distribution, further central bank support and continuing...Continue Reading

European Boosts Imports Of Russian Fuel Oil | 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 – Jan 04, 2021, 1:00 PM CST We have already written about...Continue Reading