Officials in Abu Dhabi privately floated the idea last week that the nation could leave OPEC, a highly unusual step that could destabilize oil markets. Energy Minister Suhail Al-Mazrouei later said the UAE “has always been a committed member,” though he didn’t address the country’s future in the cartel. SourceContinue Reading
The Houthis hit a fuel-distribution center in Jeddah on the kingdom’s west coast with a Quds 2 rocket, according to a statement from their spokesman, Yahya Saree. SourceContinue Reading
Markets broadly rallied after AstraZeneca Plc became the latest company to report a vaccine that protects most people from coronavirus. Vaccinations will “hopefully” start as soon as Dec. 11 or Dec. 12, Moncef Slaoui, head of the American government’s Operation Warp Speed vaccine acceleration program, said on CNN on Sunday. SourceContinue Reading
How High Can Oil Prices Go 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 – Nov 22, 2020, 6:00 PM CST Progress in vaccine development and expectations that OPEC+...Continue Reading
Why Gold Could Be Heading To $5000 | OilPrice.com Premium Content By Shawn Yandell – Nov 22, 2020, 4:00 PM CST Gold prices were already on a tear amid wild pandemic, economic and electoral uncertainty, with big banks predicting $3,000 gold … Or even $5,000 gold … Right before Biden’s electoral victory, JPMorgan had called...Continue Reading
Consumers Will Pay For Carbon Pricing Costs | 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 – Nov 22, 2020, 2:00 PM CST Carbon pricing sounds like the simplest solution to the world’s emissions...Continue Reading
Venezuela Arrests Oil Workers To Cover Up Bad Press About PDVSA | 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 22, 2020, 12:00 PM CST Venezuela’s regime has recently arrested...Continue Reading
The IMO Will Ban Heavy Fuel Oil Use In The Arctic | OilPrice.com Josh Owens Josh Owens is the Content Director at Oilprice.com. An International Relations and Politics graduate from the University of Edinburgh, Josh specialized in Middle East and… More Info Premium Content By Josh Owens – Nov 22, 2020, 10:00 AM CST The...Continue Reading
A highly anticipated U.S. government report on the April 20 oil crash will stop short of blaming any specific traders or firms, and refrain from recommending structural changes for the crude market, said three people familiar with the matter. SourceContinue Reading
The rise of China’s refining industry, combined with several large new plants in India and the Middle East, is reverberating through the global energy system. SourceContinue Reading
