The alliance gathers on Thursday and is expected to loosen the taps after prices got off to their best ever start to a year. But it’s unclear how robustly the group will act, with the Saudi Arabian energy minister calling for producers to remain “extremely cautious.” SourceContinue Reading

Why Big Oil Expects Record Cash Flow 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 – Feb 28, 2021, 6:00 PM CST The world’s largest oil companies are set...Continue Reading

The Real Reason Elon Musk Could Become The World’s First Trillionaire | OilPrice.com Premium Content By Siobhan Tyrrell – Feb 28, 2021, 5:00 PM CST Elon Musk isn’t the front runner to become the world’s first trillionaire simply because he’s iconic, genius, or ambitious.  He might have tens of millions of followers on social media...Continue Reading

This Energy Sector Will See The Next Big M&A Wave | 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 – Feb 28, 2021, 4:00 PM CST Environmental, social, and governance investment is inarguably one...Continue Reading

Brazil’s Oil Industry Shakeup Could Be Devastating For Its Economy | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Feb 28, 2021, 2:00 PM CST Following the ousting...Continue Reading

Can President Biden Avoid A Critical Metals Crisis? | OilPrice.com Ag Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Ag Metal Miner – Feb 28, 2021, 12:00 PM CST President Joe...Continue Reading

Is A Deregulated Power Grid Good For Texans? | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Feb 28, 2021, 10:00 AM CST Unless you’ve been living...Continue Reading

Oil fell the most since November with a stronger dollar and concerns surrounding inflation weighing on crude’s best start to the year on record. Yet, the U.S. crude benchmark still managed to post a nearly 18% gain this month as inventories worldwide tighten and pockets of demand return. SourceContinue Reading

With the need for more oil supply evident, traders expect the OPEC+ coalition, led by Saudi Arabia and Russia, will agree to increase crude production when it meets on March 4, reversing some of the output cuts made last year. But it’s unclear if the group will act vigorously enough. SourceContinue Reading

The situation could worsen as Big Oil makes another round of deep spending cuts, leaving consequences both for the oil market, which needs more supply from the OPEC cartel in the coming years, and the economic stability of a region that’s dependent on petroleum revenue. SourceContinue Reading