By Editorial Dept – Jan 08, 2021, 12:00 PM CST Geopolitics – In an unexpected turn of events indicative of the United States loss of power in Iraq, an Iraqi court has issued an arrest warrant for Trump in connection with the assassination last year in Iraq of Iranian General Qassim Soleimani and Iraqi militia...Continue Reading
By Editorial Dept – Jan 08, 2021, 12:00 PM CST U.S. West Texas Intermediate crude oil futures continued to move higher on Friday with last February’s high at $53.60 well within reach. Investors continue to look beyond rising coronavirus cases, instead choosing to focus on the prospect of lower supply after Saudi Arabia pledged to...Continue Reading
By Editorial Dept – Jan 08, 2021, 12:00 PM CST Oil prices reached the highest point since February 2020 this week after Saudi Arabia’s surprise announcement at the monthly OPEC+ Ministerial Meeting that it would voluntarily cut an additional 1 million barrels per day from its oil production. This extra cut–by the only true swing...Continue Reading
By Editorial Dept – Jan 08, 2021, 12:00 PM CST As happy as we all were to bid adieu to 2020, it has quickly become obvious that just flipping a page on the calendar wasn’t really enough to make things better. The year is but a week old, and we have already seen record Covid...Continue Reading
By Editorial Dept – Jan 08, 2021, 12:00 PM CST 1. Metals see a massive boost in EVs – Robert Friedland has started a special purpose acquisition company (SPAC) called Ivanhoe Capital Acquisition Corp. aimed at investing $200 million in the energy transition. – “The global shift away from carbon, boosted by ostensible Chinese environmental...Continue Reading
New Lockdowns Dash Hopes Of A Rapid Oil Demand Recovery In Europe | 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 – Jan 08, 2021, 11:30 AM CST Extended lockdowns in response to the...Continue Reading
Oil Rally Continues Despite Slow Vaccine Rollout | 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 Premium Content By Julianne Geiger – Jan 08, 2021, 11:00 AM CST Crude oil prices continued their climb on Friday, poised for...Continue Reading
Cold Weather In China Sends Coal, Gas Prices Sky-High | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jan 08, 2021, 10:00 AM CST The coldest winter in China since 1966 has sent coal and gas prices soaring as power demand surges. Gas prices hit a...Continue Reading
Petrobras Oil Output Hits Record In 2020 | 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 – Jan 08, 2021, 9:30 AM CST Crude oil output from fields operated by Brazil’s state energy major...Continue Reading
In a year that brought the U.S. shale industry to its knees, the Brazilian state-run giant pumped an all-time-high 2.3 million barrels a day of crude, according to a statement Thursday. That’s about the same as OPEC member Kuwait. SourceContinue Reading
