“The lockdown-related fall in emissions is just a tiny blip on the long-term graph,” the UN’s World Meteorological Organization secretary general Petteri Taalas said in a statement. “We need a sustained flattening of the curve.” SourceContinue Reading

Abu Dhabi Adds 2 Billion Barrels To Its Oil Reserves | 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 23, 2020, 10:00 AM CST Abu Dhabi has increased its total oil reserves...Continue Reading

Houthis Rebels Attack Saudi Oil Facility | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 23, 2020, 9:30 AM CST The Houthi rebels in Yemen said today they had fired a missile against a target in the Saudi city of Jeddah and had hit it,...Continue Reading

China Looks To Surpass The U.S. As The World’s Biggest Oil Refiner | 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 23, 2020, 9:13 AM CST China is about to become the...Continue Reading

Officials in Abu Dhabi privately floated the idea last week that the nation could leave OPEC, a highly unusual step that could destabilize oil markets. Energy Minister Suhail Al-Mazrouei later said the UAE “has always been a committed member,” though he didn’t address the country’s future in the cartel. SourceContinue Reading

The Houthis hit a fuel-distribution center in Jeddah on the kingdom’s west coast with a Quds 2 rocket, according to a statement from their spokesman, Yahya Saree. SourceContinue Reading

Markets broadly rallied after AstraZeneca Plc became the latest company to report a vaccine that protects most people from coronavirus. Vaccinations will “hopefully” start as soon as Dec. 11 or Dec. 12, Moncef Slaoui, head of the American government’s Operation Warp Speed vaccine acceleration program, said on CNN on Sunday. SourceContinue Reading

How High Can Oil Prices Go 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 Premium Content By Tsvetana Paraskova – Nov 22, 2020, 6:00 PM CST Progress in vaccine development and expectations that OPEC+...Continue Reading

Why Gold Could Be Heading To $5000 | OilPrice.com Premium Content By Shawn Yandell – Nov 22, 2020, 4:00 PM CST Gold prices were already on a tear amid wild pandemic, economic and electoral uncertainty, with big banks predicting $3,000 gold … Or even $5,000 gold … Right before Biden’s electoral victory, JPMorgan had called...Continue Reading

Consumers Will Pay For Carbon Pricing Costs | 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 22, 2020, 2:00 PM CST Carbon pricing sounds like the simplest solution to the world’s emissions...Continue Reading