Optimism comes despite a renewed expansion in Libyan supply. Production topped 1 million barrels a day over the weekend, compounding the headache for OPEC and its allies as they prepare to meet at the end of the month to discuss output policy. SourceContinue Reading

Three platforms Tern, Cormorant Alpha and Harding will initially use the AI predictive analytics technology, with an option to add a fourth platform, North Cormorant once sensors and communications are installed. SourceContinue Reading

Oil Prices Surge 10% On COVID Vaccine Hope | 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 – Nov 09, 2020, 9:00 AM CST Oil prices soared by 10 percent and WTI...Continue Reading

Alexander Novak, 49, has represented Russia in talks with the Organization of Petroleum Exporting Countries, helping to forge historic links with the cartel, and will continue to be responsible for that relationship, said a government official familiar with the situation. SourceContinue Reading

Libya’s resurgence — it was producing less than 100,000 barrels a day in early September — has taken oil traders by surprise and weakened prices just as renewed coronavirus lockdowns in Europe and accelerating cases in the U.S. stifle energy use. SourceContinue Reading

“With the consensus of everybody, we could navigate with this agreement and tweak this agreement, subject to what we may see in the future,” Saudi Energy Minister Prince Abdulaziz Bin Salman said at a virtual session of the Abu Dhabi International Exhibition and Conference on Monday. SourceContinue Reading

AIQ, Schlumberger and Group 42 signed a strategic framework agreement to collaborate on the development and deployment of artificial intelligence, machine learning and data solutions for the oil and gas industry. SourceContinue Reading

“This is a unique opportunity for us to partner with a well-capitalized and highly respected management team to accelerate development at Marten Hills,” said Alex Pourbaix, Cenovus President and CEO. SourceContinue Reading

Australia Could Lead The $11 Trillion Hydrogen Boom | 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 – Nov 08, 2020, 6:00 PM CST Back in July, the European Union unveiled a hydrogen strategy that immediately captured the imagination of...Continue Reading

This Could Become The World’s Most Expensive Crude Oil | 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 08, 2020, 4:00 PM CST This year has...Continue Reading