By Editorial Dept – Dec 11, 2020, 12:00 PM CST Politics, Geopolitics & Conflict Once again, it’s China stepping into the vacuum in Iraq, targeting the oil industry. This time, Iraq is set up for a multi-billion-dollar bailout from Beijing in a deal that would see the Iraqi government repay the debt in the form...Continue Reading

By Editorial Dept – Dec 11, 2020, 12:00 PM CST Last week, we asked how quickly General Haftar might grow weary of waiting on an elusive oil revenue agreement while the country continues to pump out 1.2 million bpd of oil, which the Central Bank cannot access without a revenue-distribution resolution. This week, we find...Continue Reading

By Editorial Dept – Dec 11, 2020, 12:00 PM CST Last week, I talked about the illogicality of recent moves in crude, and there has been more of the same this week, if anything even more pronounced. I guess I should be used to markets behaving illogically after nearly four decades of working in and...Continue Reading

By Editorial Dept – Dec 11, 2020, 12:00 PM CST 1. Deep capex cuts for shale – A group of 33 U.S. shale companies cut capex to just $5.8 billion combined in the third quarter, according to a new report. – That was down from $13.9 billion for the same period a year earlier, a...Continue Reading

Department Of Energy Extends LNG Export Terms | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 11, 2020, 11:30 AM CST The U.S. Department of Energy has extended the export terms for seven LNG license until 2050 for projects currently under construction or pending the...Continue Reading

World Oil Demand Hits Two-Month High | 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 – Dec 11, 2020, 11:00 AM CST Global demand for road fuels hit a two-month high last...Continue Reading

EU Reaches Agreement On Emission Cuts | 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 – Dec 11, 2020, 10:00 AM CST The European Union earlier today finally reached an agreement on more stringent...Continue Reading

Espen Barth Eide, a lawmaker for the Labor Party, says there’s “room for a more explicit form of corporate governance” in the way Norway uses its Equinor stake. SourceContinue Reading

Saudi Aramco has hired Moelis and Co. to devise a strategy for selling stakes in some subsidiaries, according to people familiar with the matter. The plan includes raising around $10 billion from a stake sale in Aramco’s pipelines. SourceContinue Reading

Texas Regulator Banned From Waiving Environmental Rules | 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 – Dec 11, 2020, 9:30 AM CST The Texas Railroad Commission has been banned from enforcing a string...Continue Reading