After a split emerged between Saudi Arabia and the United Arab Emirates, the cartel couldn’t agree on what had been widely expected before this week: a full three-month delay to the scheduled January output increase. SourceContinue Reading

The prompt timespread for global benchmark Brent crude moved further into backwardation, while the nearest December contract is trading at a higher level than the same contract for December 2022. SourceContinue Reading

The Death Of U.S. Shale Has Been Greatly Exaggerated | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Dec 03, 2020, 7:00 PM CST The current year marks the 15th anniversary of the U.S. shale boom, a period in...Continue Reading

UAE Oil Is A Vital Geopolitical Weapon Against China’s Middle East Expansion | 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 – Dec 03, 2020, 6:00 PM CST...Continue Reading

IEA: Pandemic Slows Energy Efficiency Race | 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 – Dec 03, 2020, 5:30 PM CST Energy efficiency is expected to record this year its weakest...Continue Reading

Who Will Foot The $40-Trillion Energy Transition Bill? | 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 – Dec 03, 2020, 5:00 PM CST The pandemic has multiplied the calls for ‘building...Continue Reading

Iran’s Foreign Minister: “No Renegotiations On Nuclear Deal With Biden Period” | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Related News By ZeroHedge – Dec 03, 2020, 4:30 PM CST President-Elect Joe Biden has long signaled he’ll seek US reentry into participation in the 2015 Iran nuclear...Continue Reading

Decarbonizing U.S. Utilities: The Money Talks | OilPrice.com Leonard Hyman & William Tilles Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. He headed utility equity research at a major brokerage house and… More Info Premium Content By Leonard Hyman & William Tilles – Dec 03, 2020, 4:00 PM CST...Continue Reading

“The funding will help maintain the project in warm suspension during 2021 and hopefully position it for a full restart in 2022 and the path to first oil,” Newfoundland and Labrador Oil and Gas Industries Association CEO Charlene Johnson said in a statement. SourceContinue Reading

The Oilfield Service Industry Will Never Truly Recover | 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 – Dec 03, 2020, 3:00 PM CST The oilfield service (OFS)...Continue Reading