By Editorial Dept – Oct 30, 2020, 1:00 PM CDT U.S. West Texas Intermediate crude oil futures are edging lower on Friday as traders try to consolidate prices after another week and month of losses. The current price action indicates that chart-watchers are recognizing the importance of a key 50% to 61.8% retracement zone of...Continue Reading

By Julianne Geiger – Oct 30, 2020, 12:29 PM CDT Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 221. The total number of active oil and gas rigs increased for the week by 9, with oil rigs rising by 10 and gas rigs falling...Continue Reading

Iraq To Back Any OPEC+ Oil Production Decision | 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 – Oct 30, 2020, 12:00 PM CDT OPEC’s second-largest oil producer, Iraq, will support any...Continue Reading

Total continued to ride out tough times for the oil industry by posting third-quarter profit that exceeded the highest analyst estimate, paying down debt and maintaining a generous dividend. SourceContinue Reading

Chevron posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven collapse in crude demand. SourceContinue Reading

Traders Look To Store Diesel At Sea As Second Wave Hits Demand | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 30, 2020, 11:30 AM CDT In another sign that the second coronavirus wave is hitting fuel demand, oil trading firms are looking for new...Continue Reading

Oil Hits 5-Month Lows As COVID Cases Surge | 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 – Oct 30, 2020, 11:00 AM CDT Crude oil collapsed earlier this week after France and Germany...Continue Reading

U.S. Sells Seized Iranian Oil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 30, 2020, 10:30 AM CDT The United States has sold crude oil seized from four Iranian tankers earlier this year for some $40 million the AFP reports, citing a U.S. government...Continue Reading

Analysts: Oil Prices Are Going Nowhere In The Short Term | 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 – Oct 30, 2020, 10:00 AM CDT Oil prices will continue to trade...Continue Reading

Exxon is confronting one of its biggest crises since Saudi Arabia began nationalizing its oilfields in the 1970s. If the company takes the full $30 billion impairment, it will be the industry’s worst in more than a decade. SourceContinue Reading