By Editorial Dept – Nov 20, 2020, 11:00 AM CST U.S. West Texas Intermediate crude oil futures are trading flat but remained on track to record their third consecutive weekly rise. The catalysts behind the gains were speculation that OPEC and its allies will keep production in check, and optimism over successful COVID-19 vaccine trials....Continue Reading

By Editorial Dept – Nov 20, 2020, 11:00 AM CST 1. V-shaped recovery and a bull market – While the V-shaped recovery hopes were dashed for 2020, the highly-effective vaccines set to be made available in the coming months promises a swift recovery in the latter half of 2021. – But the story could be...Continue Reading

By Editorial Dept – Nov 20, 2020, 11:00 AM CST Politics, Geopolitics & Conflict Keep a close eye on Libya – and particularly on Sirte (the gateway to Libyan oil) following the November 3rd agreement for a permanent ceasefire. There are still multiple vying militias and mercenary groups in Sirte, digging in for a tense...Continue Reading

By Editorial Dept – Nov 20, 2020, 11:00 AM CST Over the last five or six months, natural gas has been a dangerous market in which to play, with massive intraday swings being part of sustained long-term moves punctuated by big corrections. Usually, I love to see volatility, because, without it, traders can’t make money,...Continue Reading

By Editorial Dept – Nov 20, 2020, 11:00 AM CST Vaccine progress or not, the market is riveted with OPEC actions. And that is because the industry is well aware that even the most promising of vaccine news won’t have much effect on oil demand until at least the second half of 2021. What will...Continue Reading

The EV Revolution Is Threatening Long-Term Oil Demand 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 Related News By Irina Slav – Nov 20, 2020, 11:00 AM CST The growth in electric vehicle adoption, especially in emerging...Continue Reading

Oil Demand Is Primed For A Major Recovery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Nov 20, 2020, 10:00 AM CST Crude oil demand is likely to rebound next year following the promising news about a vaccine against the novel coronavirus, according to Fitch...Continue Reading

China Looks To Buy Stake In A Major Iraqi Oilfield | 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 20, 2020, 9:30 AM CST State giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are interested...Continue Reading

The Battle For Dominance In China’s Oil Market | 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 20, 2020, 9:00 AM CST Russia and Saudi Arabia are vying for the top spot...Continue Reading

Though a repeat of the negative oil prices seen in April is unlikely, the mounting supply glut brings home how new lockdowns may soon force traders to store oil in every nook and cranny available, including ships and pipelines. Some are already doing that. SourceContinue Reading