Two weeks ago, the world’s biggest crude exporter stunned energy traders by announcing that — rather than restore halted production as planned — it would slash supplies by a further 1 million barrels a day. On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter as countries hunker down...Continue Reading

US Gas-Fired Power Generation Set For First Drop Since 2017 | 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 – Jan 19, 2021, 2:30 PM CST Higher natural gas prices this year...Continue Reading

Why Oil Companies Can’t Replace Oil Profits With Renewable Profits | OilPrice.com Leonard Hyman & William Tilles Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. He headed utility equity research at a major brokerage house and… More Info Premium Content By Leonard Hyman & William Tilles – Jan 19,...Continue Reading

India’s December Oil Imports Jump To Highest Level In Three Years | 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 – Jan 19, 2021, 1:30 PM CST Crude oil imports in the...Continue Reading

Oil Rallies Despite Growing Demand Concerns | 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 – Jan 19, 2021, 1:00 PM CST We hope you enjoy. Chart of the Week –    U.S. fossil fuel production declined...Continue Reading

India’s oil minister and the Organization of Petroleum Exporting Countries’ top official publicly jousted over the cartel’s policy shift at a conference hosted by the Atlantic Council on Tuesday. SourceContinue Reading

UAE’s Oil Giant Looks To Partner With U.S. Shale Companies | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jan 19, 2021, 12:00 PM CST The Abu Dhabi National Oil Company (ADNOC) is looking to form partnerships with companies from the United States to develop unconventional...Continue Reading

Gazprom Admits Nord Stream 2 At Risk Due To ‘Political Pressure’ | 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 – Jan 19, 2021, 11:30 AM CST Gazprom has warned investors that...Continue Reading

Oil Rises On Expectations Of ‘Big’ U.S. Stimulus Package | 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 – Jan 19, 2021, 11:00 AM CST Oil prices shook off the risk-off trade...Continue Reading

The five-year consolidated services contract, valued at $130 million, will see Wood leverage its experience and capability in late life asset optimization and management to extend field life, lower costs, and reduce late life carbon intensity across the Hub’s offshore assets in the East Irish Sea and the Barrow onshore gas terminal on the northwest...Continue Reading