President Biden is expected to seek the restoration of the nuclear accord, and officials in Tehran have expressed the hope he will ease restrictions on its petroleum sales. But for now, the sanctions are still in place and any buyer of Iranian crude would face the same legal and financial penalties. SourceContinue Reading
Was Saudi Arabia’s Surprise Production Cut A Good Idea? | 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 21, 2021, 7:00 PM CST Oil prices have risen by 10 percent...Continue Reading
China Snubs Washington With Big Oil Deals In South Iraq | 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 – Jan 21, 2021, 6:00 PM CST There are...Continue Reading
OPEC+ Compliance With Oil Production Pact Drops To 99% | 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 21, 2021, 5:30 PM CST The producers part of the OPEC+ alliance...Continue Reading
Could This Be The Best Way To Play The Oil Rebound? | OilPrice.com Premium Content By Polly Steele – Jan 21, 2021, 5:00 PM CST A three-well drill campaign has just been launched by a small-cap explorer in a massive Permian basin that could end up being the next major conventional onshore oil discovery in...Continue Reading
Iraq Slashes 2021 Oil Exports To India To Meet OPEC+ Quota | 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 21, 2021, 4:30 PM CST OPEC’s second-biggest oil producer, Iraq,...Continue Reading
Will Argentina’s Vaca Muerta Shale Play Ever Recover? | 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 – Jan 21, 2021, 4:00 PM CST Last year was tough...Continue Reading
The move would block the sale of new mining and drilling rights across some 700 million acres of federal land. It could also block offshore oil and gas leasing, though details are still being developed. SourceContinue Reading
President Biden issued a blizzard of executive orders on his first day in office, including a diktat to revoke the permit for the Keystone XL pipeline. This is a slap at Canada, and it sends a message to investors that playing by U.S. rules provides no immunity from arbitrary political whim. SourceContinue Reading
Alberta, home to the world’s third largest oil reserves, viewed the line as essential for delivering its heavy crude to U.S. refineries at a time when alternate supplies from Latin America were dwindling. SourceContinue Reading
