Futures in New York slid 1.6%, the latest sizable move this week. Work to re-float the container ship that’s stuck in the Suez Canal — a key trade route for crude flows — was expected to begin early Thursday in Egypt. The best chance of freeing the vessel may not come until Sunday or Monday....Continue Reading

The Top 5 Natural Gas Wildcats Of 2021 | OilPrice.com Viktor Katona Viktor Katona is an Group Physical Trader at MOL Group and Expert at the Russian International Affairs Council, currently based in Budapest. Disclaimer: views set… More Info Premium Content By Viktor Katona – Mar 24, 2021, 7:00 PM CDT Having assessed the most...Continue Reading

OPEC+ Will Keep A Lid On Oil Production | 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 Premium Content By Julianne Geiger – Mar 24, 2021, 6:00 PM CDT OPEC+ will likely decide to keep oil production essentially...Continue Reading

Offshore Oil & Gas Spending Set To Jump To $44 Billion In 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 Related News By Tsvetana Paraskova – Mar 24, 2021, 5:29 PM CDT After last year’s...Continue Reading

Pandemic Puts Saudi-Kuwaiti Oil Plans On Ice | 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 – Mar 24, 2021, 5:00 PM CDT The market shock from the pandemic and the resulting...Continue Reading

Iran Looks To Expand Oil Influence In Africa Through New Pipeline | 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 – Mar 24, 2021, 4:00 PM CDT Iraq...Continue Reading

India Is Shopping In The Americas To Cut Reliance On Middle East Oil | 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 – Mar 24, 2021, 3:30 PM CDT Indian refiners are...Continue Reading

Futures in New York jumped 5.9% on Wednesday, just about erasing the prior session’s price plunge that pushed futures to the lowest since early February. A U.S. inventory report showed domestic fuel consumption is at the highest in four months and Gulf Coast refiners are increasing their appetite for crude. SourceContinue Reading

Emissions from the Permian basin dropped 60% from March to April last year as oil producers shut in wells and cut back on new ones due to tumbling crude prices. But methane emissions are now back at pre-pandemic levels as drilling ramps up, according to the non-profit Environmental Defense Fund. SourceContinue Reading

The oil price needed to profitably drill a new well is $52 a barrel, executives from almost 100 producers said in the latest quarterly survey by the Federal Reserve Bank of Dallas. That’s an increase of 6%, compared with when the question was asked last year. To cover costs on existing wells, companies need $31,...Continue Reading