Will Saudi Arabia’s Surprise Production Cut Backfire? | 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 – Feb 02, 2021, 3:00 PM CST Global energy markets and industry...Continue Reading

Last month’s pledge by Saudi Arabian Energy Minister Prince Abdulaziz bin Salman to slash production by a further 1 million barrels a day has buttressed global markets against the latest onslaught from the pandemic. SourceContinue Reading

Asian-refiner demand has provided major support to U.S. oil as the market rebounds from its worst-ever crash last year. Asia has recovered faster from the pandemic than the rest of the world, helping revive demand for crude and boost U.S. benchmark prices 13% so far this year. SourceContinue Reading

Oil Prices Continue To Rise As Bullish News Mounts | 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 – Feb 02, 2021, 2:00 PM CST Investor Alert! Oilfield service giants are looking like an increasingly good...Continue Reading

It also proposed global legal framework for mining on the moon, called the Artemis Accords, encouraging citizens to mine the Earth’s natural satellite and other celestial bodies with commercial purposes. The directive classified outer space as a “legally and physically unique domain of human activity” instead of a “global commons,” paving the way for mining the...Continue Reading

Shell, the world’s largest physical oil trader, has made bold moves in the North Sea in the past, pointing out that it needs the barrels for its own giant global refining system and to satisfy demand from customers in Asia. SourceContinue Reading

Turkish Media: Libya’s Haftar Sells Oil Illegally | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 02, 2021, 12:30 PM CST Libya’s strongman in the east, General Khalifa Haftar, is selling through illegal corporations oil pumped in areas in eastern Libya under the control of...Continue Reading

OPEC+ Now Sees Weaker Oil Demand Growth For 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 02, 2021, 12:00 PM CST OPEC+ expects global oil demand to rise...Continue Reading

Oil Prices Rise As Producers Stick To Supply Curbs | 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 – Feb 02, 2021, 11:30 AM CST Oil prices hit a one-year high early...Continue Reading

WTI Breaks $55 For The First Time Since January 2020 | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Feb 02, 2021, 11:00 AM CST Did the ‘Reddit-Raiders’ suddenly shift their crosshairs onto the energy complex? The last few days have seen WTI...Continue Reading