Shell is starting one of the biggest reorganizations in its history as it pivots from a century-long structure that prioritized oil and gas production. There will be as many as 9,000 job losses over the next two years, with cuts already announced in The Netherlands, the UK and Malaysia. A second round of voluntary redundancies...Continue Reading
By David Messler – Feb 10, 2021, 7:00 PM CST Oil prices have rallied back to the point they are almost ready to match pre-Covid levels. There are two key drivers for this miracle, which no one predicted early on as being possible in this period of time. The first is the production curbs by...Continue Reading
EIA Lifts Oil Price Outlook, Sees WTI Averaging $50 This Year | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 10, 2021, 6:30 PM CST WTI Crude spot prices are expected to average $50.21 per barrel this year and $51.56 next year, the Energy Information...Continue Reading
The Most Fragile Oil Price Rally In History | 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 – Feb 10, 2021, 6:00 PM CST Brent crude could hit $70 or even $80 a barrel...Continue Reading
Is This The Carbon Capture Technology Of The Future? | OilPrice.com Fernando C. Hernandez Fernando C. Hernandez is the Principal at Hernandez Analytica, he is trilingual and counts with over 15 years of international Oil and Gas experience. He… More Info Related News By Fernando C. Hernandez – Feb 10, 2021, 5:50 PM CST As...Continue Reading
Iran’s Geopolitical Powerplay Continues With Iraqi Oil Deals | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Feb 10, 2021, 5:00 PM CST It was no coincidence...Continue Reading
WoodMac: Global Green Car Sales To Overtake Gas Vehicles Until 2047 | 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 – Feb 10, 2021, 4:30 PM CST Global sales of battery electric...Continue Reading
Corporate Investment In Battery Tech Has Exploded | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Feb 10, 2021, 4:00 PM CST At a time when the Covid-19 pandemic continues to decimate the global transport sector, the EV trajectory...Continue Reading
Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD $900 million. SourceContinue Reading
OPEC+ Won’t Raise Output For Another Month | 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 Related News By Julianne Geiger – Feb 10, 2021, 3:30 PM CST OPEC+ will meet again on March 4, but the group...Continue Reading
