Maersk Drilling has received a conditional letter of award from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana. SourceContinue Reading
Crude inventories at a key storage hub in the U.S. are now below their five-year average, and nationwide inventories continue to slump, an early indication that Saudi Arabia and allied producers are succeeding in their efforts to eliminate a glut. SourceContinue Reading
By David Messler – Feb 03, 2021, 7:00 PM CST Introduction This week we hit some milestones in the year-long recovery from the oil demand crash of 2020. West Texas Intermediate, (WTI) hit and moved past the $55.00 level, and Brent moved closer to $60. These are some important psychological barriers for the market, and...Continue Reading
These Stocks Could Soar As The U.S.-China Electric Vehicle War Heats Up | OilPrice.com Premium Content By Kim Lau – Feb 03, 2021, 6:30 PM CST Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the...Continue Reading
U.S. Oil Production On Course To Hit Record Levels In 2023 | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Feb 03, 2021, 6:30 PM CST U.S. oil production fell sharply in...Continue Reading
The Single Biggest Threat To Big Oil | 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 – Feb 03, 2021, 6:00 PM CST About a week ago, alternative energy plays scored crucial wins seemingly at the expense of the oil...Continue Reading
Understanding The True Cost Of Net Zero Emissions | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Feb 03, 2021, 5:30 PM CST The journey to net-zero emissions will have a cost for everyone, and policymakers should clearly explain this to...Continue Reading
OPEC and its allies have taken a two-month pause while restoring some of the millions of barrels of crude output they halted when the coronavirus emerged to crush fuel demand last spring. SourceContinue Reading
Creditors of Argentina’s state-run oil company, YPF SA, are sending mixed signals as one group of bondholders rejected the company’s latest debt restructuring plan while another voiced support. SourceContinue Reading
China Is Fueling The Global Crude Oil Demand Recovery | 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 03, 2021, 5:00 PM CST The world’s top oil importer, China, significantly...Continue Reading
