“The news of vaccines has led to a lot of optimism in the market and we are seeing some outflows in safe-haven assets like the dollar, treasuries and the same is being reflected in gold prices,” OANDA analyst Craig Erlam said in a Reuters interview. Meanwhile, a potential vaccine-induced economic recovery has put global stocks on track for...Continue Reading

Is Brazil’s Oil Boom In Danger? | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Nov 30, 2020, 2:00 PM CST Brazil’s massive offshore oil boom, notably...Continue Reading

The proposed tie-up of SandP with IHS Markit, a research firm with more than 5,000 analysts, data scientists, financial experts and industry specialists, is part of a race for scale as the industry’s largest players try to capitalize on surging demand for data and analytics in increasingly computerized financial markets. SourceContinue Reading

The 23-nation coalition is debating whether to maintain the output cuts at current levels, deferring the increase scheduled for January. Some members are concerned that global markets remain too fragile to absorb additional barrels — particularly after Libya’s output soared — while others are keen to sell more crude. SourceContinue Reading

Goldman Sachs Sees Oil Hit $65 In 2021 | 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 30, 2020, 1:30 PM CST Goldman Sachs expects Brent crude to reach $65 a barrel...Continue Reading

Venezuela’s Oil Crisis Is An Environmental Time Bomb | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Nov 30, 2020, 1:00 PM CST The international media think...Continue Reading

Saudi Arabia Expected To Increase Oil Prices To Asia | 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 – Nov 30, 2020, 12:30 PM CST Refiners in Asia expect the world’s largest...Continue Reading

Oil Markets Face A 200 Million Barrel Glut In 2021 | OilPrice.com Rystad Energy Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products. Rystad Energy’s… More Info Premium Content By Rystad Energy – Nov 30, 2020, 12:00 PM CST As the...Continue Reading

Abu Dhabi National Oil Co. is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients, according to people familiar with the matter. SourceContinue Reading

CNOOC’s operations in the South China Sea have run into controversy because China claims drilling rights in waters far from its borders, and within 200 miles of countries like Vietnam and the Philippines. SourceContinue Reading