The firm, to be called Energy Development Oman, will own a shareholding in Petroleum Development Oman LLC as well as an interest in Block 6, according to a government gazette on Sunday. The company will “undertake hydrocarbon exploration and production operations” and can borrow money “in any manner.” SourceContinue Reading
Crude futures were down 1.9% in New York, with the dollar trading higher and European stock markets declining. It follows a rally last week after OPEC and its allies agreed to add 500,000 barrels a day of output from January to a market that’s showing signs of recovery. SourceContinue Reading
Over the past several weeks, Asian refineries have snapped up crude oil from the Middle East, the U.S. and Russia as buyers received more government allowances to boost imports after the start of next year. Demand for North Sea barrels was slow to pick up, but even that’s now started to change. SourceContinue Reading
“The peak of consumption may have already passed,” Deputy Finance Minister Vladimir Kolychev said in an interview in Moscow. “The risk is rising in the longer term” that hydrocarbon revenues could come in below the current outlook, he said. SourceContinue Reading
Tehran will “prepare resources and oil-industry equipment for the production and export of oil in line with current capacity within the next three months,” according to President Hassan Rouhani’s official website. “We’re ready to quickly raise oil production,” he said. SourceContinue Reading
Shale Executives See Little Chance Of Significant Growth | 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 06, 2020, 6:00 PM CST Crude oil production in the United States has been on...Continue Reading
The 3 Hottest Electric Car Stocks For 2021 | OilPrice.com Premium Content By Olu Fashola – Dec 06, 2020, 4:00 PM CST Never before in the history of money-making has wealth accumulation happened as fast as it has with Elon Musk. Tesla (NASDAQ:TSLA) surged past even Warren Buffett’s Berkshire Hathaway (NYSE:BRK) last Friday. Now, the...Continue Reading
China Installs ‘Artificial Sun’ To Test Fusion Power | 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 06, 2020, 2:00 PM CST China has successfully installed an “artificial sun” device...Continue Reading
Top Oil Stocks For Investors This December | 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 06, 2020, 12:00 PM CST Energy was one of the hardest-hit industries by the coronavirus pandemic....Continue Reading
Commercial Green Hydrogen Just Got A Step Closer | 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 06, 2020, 10:00 AM CST Green hydrogen development advanced further this week after...Continue Reading
