West Texas Intermediate Could Form Part Of Brent Benchmark | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Dec 03, 2020, 10:00 AM CST The Brent crude benchmark for oil prices could soon include West Texas Intermediate, Bloomberg has reported, citing plans by S&P Global Platts...Continue Reading
Saudi Oil Exports To U.S. Slump To 35-Year Low | 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 – Dec 03, 2020, 9:30 AM CST Saudi Arabia’s crude oil exports to the United States...Continue Reading
The move reflects the growing importance of U.S. crude internationally — the country five years ago ended restrictions on oil exports imposed during the energy crises of the 1970s — and the fact that supplies of some of the North Sea’s key grades are dwindling. SourceContinue Reading
Will OPEC+ Increase Oil Production In January? | 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 – Dec 03, 2020, 9:00 AM CST OPEC+ is discussing the possibility of starting to raise its collective...Continue Reading
Spending at its $45 billion Tengiz oil project in Kazakhstan, which has gone massively over budget, is expected to decline, while expenditure will rise on shale production in the Permian basin, and on conventional oil in the Gulf of Mexico. SourceContinue Reading
The Oil and Gas Climate Initiative’s biggest project to date has been to set targets for the reduction of carbon dioxide and methane emissions from its member companies. SourceContinue Reading
Woodside successfully executed a million-vCPU scale computing workload across three AWS regions in the United States, performing full-waveform inversion on 3,200 km2 of 3D seismic data from the Greater Sunrise gas resource, located offshore Timor-Leste. SourceContinue Reading
Iran’s top political chamber gave final approval to a bill forcing President Hassan Rouhani to end international nuclear inspections unless the U.S. lifts key sanctions by February, giving the incoming Biden administration just weeks to make a diplomatic breakthrough. SourceContinue Reading
Discussions have focused on a gradual relaxation of output cuts over several months, and according to one delegate there could be a one-month delay before the tapering starts. SourceContinue Reading
Futures in New York traded near $45 a barrel. Discussions are now focusing on proposals for a gradual easing of production cuts over several months, following talks between Russia, Saudi Arabia and the United Arab Emirates, said a delegate. SourceContinue Reading
