With global demand and profits stung by the spread of Covid-19, the shutdown of 53-year-old Convent, which has about 675 employees, is part of Shell’s larger strategy to shrink its portfolio to six facilities from 14 by 2025, Shell said in a statement. SourceContinue Reading

While utilities that already embrace clean energy don’t see much impact, oil and natural gas suppliers are girding for a bigger threat. SourceContinue Reading

The Oil Price Rally That Never Was | 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 Premium Content By Irina Slav – Nov 05, 2020, 7:00 PM CST When the pandemic pummeled the oil industry in the spring, many...Continue Reading

Smart Money Is Betting Big On This Trillion Dollar Lifestyle Trend | OilPrice.com Premium Content By Paul Reed – Nov 05, 2020, 6:00 PM CST The world’s eCommerce king has found itself in a war that it may not be able to win.  Its competitors are a group of specialty players that are overtaking Amazon...Continue Reading

From Billions To Millions: Canada’s Offshore Oil Disappointment | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Nov 05, 2020, 5:30 PM CST The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced...Continue Reading

From Billions To Millions: Canada Offshore Oil Disappointment | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Nov 05, 2020, 5:30 PM CST The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced...Continue Reading

Two Major Power Blocs Are Vying For Power In The Middle East | 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 – Nov 05, 2020, 5:00 PM CST...Continue Reading

Oil Hasn’t Been This Bearish Is Nearly A Century | 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 05, 2020, 4:00 PM CST The energy sector has emerged as the worst-performing of the United States’ 11 market sectors...Continue Reading

Consolidation Is Killing Jobs In The U.S. Shale Industry | 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 05, 2020, 3:00 PM CST The long-awaited consolidation in the U.S. shale...Continue Reading

Brent will probably continue ranging between $38 and $43 a barrel, according to Ibrahim Al-Buainain, head of Aramco’s trading unit. That’s far below what most members of the cartel, including Saudi Arabia, need to balance their budgets. SourceContinue Reading