Various indicators of oil-market strength firmed following news that a vaccine being developed by Pfizer Inc. and BioNTech SE prevented more than 90% of symptomatic infections in a large-scale study. SourceContinue Reading

Citibank Forecasts $49 WTI 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 – Nov 09, 2020, 1:00 PM CST Citi revised down on Monday its outlook for the WTI...Continue Reading

Energy Markets To See Radical Shift Through 2050 | OilPrice.com Premium Content By Robert Rapier – Nov 09, 2020, 12:00 PM CST BloombergNEF (BNEF) published its New Energy Outlook 2020 (NEO) last week. The NEO projects the evolution of the global energy system over the next 30 years. It is widely utilized by planners, strategic thinkers, and...Continue Reading

While headline crude prices notched up percentage gains into the double digits on Monday, there was a broader- based surge in everything from jet fuel premiums, down to more arcane measures that traders use to gauge the health of the oil market. SourceContinue Reading

IEA: Return Of Lockdowns To Cut Oil Demand | 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, 11:00 AM CST The renewed lockdowns in major European economies are...Continue Reading

The monthly Oilfield Services and Equipment Employment Report, compiled and published by PESA, estimates job losses due to pandemic-related demand destruction now total 92,302. OFS employment is down 101,087 jobs since October 2019. SourceContinue Reading

Oman is seeking to raise money off the back of its largest oil block, as the cash-strapped Gulf nation looks for new ways to tame its budget deficit and steady a reeling economy. SourceContinue Reading

Japan Bets Big On Hydrogen For Zero-Emission Future | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 09, 2020, 10:30 AM CST Japan is planning to reduce its dependence on fossil fuels by replacing them with hydrogen, Bloomberg reports, citing a project by Kawasaki Heavy...Continue Reading

Saudi Oil Minister: OPEC+ Could Alter Its Oil Production Agreement | 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 09, 2020, 10:00 AM CST OPEC+ could change the terms of its oil...Continue Reading

Libya’s Oil Output Hits 1 Million Bpd | 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 Related News By Irina Slav – Nov 09, 2020, 9:30 AM CST Libya’s crude oil production topped 1 million bpd, the National Oil...Continue Reading