The United Arab Emirates cut its oil exports to the lowest level in almost two years last month, a sign that the country may be making good on its pledge to OPEC+ to compensate for pumping too much crude previously. SourceContinue Reading

Along with its European peers, Shell is embarking on a transformation to become a cleaner, greener company with much fewer assets in oil by the middle of the century. While many investors have welcomed the new direction, others question a pivot into less-profitable renewables SourceContinue Reading

Futures in New York fell toward $37 a barrel, while global benchmark Brent dropped as much as 3.7%. The U.S. president announced that he and First Lady Melania Trump had tested positive for Covid-19, shortly after one of his closest aides, Hope Hicks, had fallen ill with the coronavirus. SourceContinue Reading

Oil Companies Cut More Jobs As Demand Recovery Remains Uncertain | 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 – Oct 02, 2020, 5:00 PM CDT Suncor Energy is cutting as much as...Continue Reading

Iraq Boosts Oil Exports Despite OPEC+ Pledges | 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 Related News By Tsvetana Paraskova – Oct 02, 2020, 4:30 PM CDT Despite promises to keep in line with the OPEC+...Continue Reading

Oil Industry Begins Ad Campaign In Swing States | 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 Related News By Tsvetana Paraskova – Oct 02, 2020, 2:30 PM CDT A month before the U.S. presidential election, the...Continue Reading

Souring Fundamentals Force Brent Crude Oil Below $40 | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Oct 02, 2020, 2:00 PM CDT Both the President and First Lady of the United States have tested...Continue Reading

Hurricane Laura Shut In Largest Oil Production Volume Since 2008 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 02, 2020, 1:30 PM CDT Hurricane Laura, which stormed through the U.S. Gulf of Mexico at the end of August, forced shut-ins of an estimated 14.4...Continue Reading

U.S. Oil Rig Count Rises As WTI Prices Slide | 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 – Oct 02, 2020, 12:23 PM CDT Baker Hughes reported on Friday that the number...Continue Reading

By Editorial Dept – Oct 02, 2020, 12:00 PM CDT U.S. West Texas Intermediate crude oil futures fell nearly 5% early on Friday after President Donald Trump tested positive for COVID-19 and negotiators failed to agree on a U.S. fiscal stimulus package designed to save the economy by speeding along the recovery. Meanwhile, new data...Continue Reading