A robust recovery in demand from the Covid-19 pandemic had pushed prices to the highest settlement in more than a year last Wednesday, and Goldman sees the rally accelerating as consumption outpaces supply from OPEC and shale. SourceContinue Reading
U.S. Shale’s Struggles Will Be Help OPEC Stabilize Oil Prices | 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 – Feb 22, 2021, 3:00 PM CST OPEC and its allies could find...Continue Reading
Hayal Ahmadzada, Socar’s chief trading officer, said the glut of excess oil stocks that built up in 2020 in response to the pandemic will be fully drawn down by the summer. At the same time, soaring prices for steel used in pipes, wells and fittings as well as the high cost of capital for producers...Continue Reading
Goldman Sachs Sees $75 Oil In Q3 2021 | 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 – Feb 22, 2021, 2:00 PM CST Goldman Sachs is now even more bullish on...Continue Reading
Proponents of expanded renewable forms of energy (and opponents of fossil fuel energy, including petroleum) have taken this catastrophe as an opportunity to demonize natural gas, suggesting that falling natural gas supplies were the primary source of the loss of power supply. SourceContinue Reading
Qatar’s LNG Megaprojects Are Making Markets Increasingly Competitive | OilPrice.com Vanand Meliksetian Vanand Meliksetian has extended experience working in the energy sector. His involvement with the fossil fuel industry as well as renewables makes him an allrounder… More Info Premium Content By Vanand Meliksetian – Feb 22, 2021, 1:00 PM CST Qatar Petroleum’s recently set...Continue Reading
Tesla’s Cheapest Model Y Is No Longer Available | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 22, 2021, 12:30 PM CST Tesla has removed the cheapest version of its Model Y from its website and configurator, weeks after launching the ‘Standard Range’ and days...Continue Reading
The market is likely underestimating the impact from an unprecedented polar blast that hit the central U.S. last week, while some 40 million barrels of February oil output, largely from the Permian basin, will not be produced due to the recent Texas freeze. SourceContinue Reading
A major crisis was narrowly averted Sunday over Iran’s nuclear facilities and the planned booting of IAEA inspectors from key sites, scheduled according to a prior Iranian parliament decision for Feb. 21. Tehran reached a last-minute agreement with the UN nuclear watchdog, now being described as a temporary “technical understanding” to keep the inspections going for...Continue Reading
Bradesco BBI, BTG Pactual, Credit Suisse, JPMorgan, Nau Securities, Santander, Scotiabank and XP Investimentos cut their ratings on the shares after Brazilian President Jair Bolsonaro on Friday decided to fire the oil company’s CEO following a spat over hikes in fuel prices and moved to appoint Joaquim Silva e Luna, a former army general, as...Continue Reading
