While crude prices have rebounded to an eight-month high, demand in early 2021 still looks too fragile to absorb the extra barrels. At the same time, key OPEC+ members Iraq and the United Arab Emirates have signaled they’re eager to ramp up sales as soon as possible. SourceContinue Reading

Oil Pirates Are Dangerously Close To U.S. Waters | 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 – Nov 26, 2020, 10:00 AM CST Piracy is an age-old problem...Continue Reading

Viral Video Of Water On Fire Reveals A Natural Gas Leak In China | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Nov 26, 2020, 9:30 AM CST Residents in a natural gas-producing northeastern Chinese province have made a video of...Continue Reading

The award underscores the important role seismic surveying plays in enabling ADNOC to identify and explore new hydrocarbon resources as highlighted by the recent major discoveries of recoverable unconventional oil resources and conventional oil reserves. SourceContinue Reading

Covering two highly prospective areas of the UK Continental Shelf, the OBN Cornerstone 2020 survey project represented a total of 813,000 man-hours with zero Lost Time Incidents. SourceContinue Reading

Repsol SA will reduce its dividend next year as it outlined plans to wind down the search for oil and expand its renewable capacity fivefold during the next decade. SourceContinue Reading

European leaders in October called on Ankara to abstain from unilateral hydrocarbon exploration in disputed waters, saying it’s in breach of international law. Turkey nonetheless resumed the surveys, making any negotiation with Greece on delimitation of sea borders even more problematic. SourceContinue Reading

U.S. Shale Bankruptcies Accelerate Despite Pandemic Protection | 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 – Nov 25, 2020, 7:00 PM CST The U.S. oil industry is trying to recover from...Continue Reading

Enbridge Sues To Stop Michigan From Shutting Down Pipeline | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Nov 25, 2020, 6:30 PM CST Enbridge filed on Tuesday a federal complaint at a U.S. district court seeking an injunction to stop...Continue Reading

Britain’s Richest Man Plans To Make Hydrogen Cars Mainstream | 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 – Nov 25, 2020, 6:00 PM CST Hydrogen has been touted for decades as the future of mobility. In fact, there was...Continue Reading