By Editorial Dept – Dec 18, 2020, 11:00 AM CST U.S. West Texas Intermediate crude oil futures are edging higher on Friday as investors showed no signs of lightening up on the long side ahead of the weekend and next week’s holiday-shortened week. The market is currently trading at its highest level since March 3...Continue Reading

By Editorial Dept – Dec 18, 2020, 11:00 AM CST 1. China’s oil import surge ended – China’s imports of crude oil are set to jump 10% this year, but the import surge occurred during the downturn earlier this year when crude prices collapsed. In fact, China’s exports of refined products are on the rise....Continue Reading

By Editorial Dept – Dec 18, 2020, 11:00 AM CST COVID Market Update Despite the vaccine optimism prevalent in the market that has successfully boosted oil prices to February levels, the oil market is still in trouble. OPEC has once again lowered its demand forecast for this year and next while simultaneously agreeing to boost...Continue Reading

By Editorial Dept – Dec 18, 2020, 11:00 AM CST A rapprochement between Israel and the UAE came earlier this year in a blockbuster deal that made Trump look pretty good, even if it was heralded by Israel’s new-found hydrocarbon power, which is subtly reordering alliances across the Middle East. If you need more proof...Continue Reading

LNG Prices Soar To Six-Year High | 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 – Dec 18, 2020, 10:00 AM CST Spot prices for liquefied natural gas (LNG) delivery in Asia...Continue Reading

Colorado Oil And Gas Lease Sale Ends With Few Takers | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 18, 2020, 9:30 AM CST The latest oil and gas lease sale in Colorado generated just $630,556 for 32 parcels totaling 43,438 acres, the Bureau of...Continue Reading

U.S. Stock Market To See Trading Frenzy As Tesla Joins S&P 500 | 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 – Dec 18, 2020, 9:00 AM CST The U.S. stock market could see...Continue Reading

Why There’s Still Room For Oil To Go Higher | 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 – Dec 17, 2020, 7:00 PM CST Crude oil prices are on the rise again after...Continue Reading

Tesla’s 1,000% Stock Price Explosion Isn’t About Electric Cars | OilPrice.com Premium Content By Brandy Taylor – Dec 17, 2020, 6:00 PM CST The list of things that are gearing up because of the EV boom is a long and lucrative one. It’s not just about EVs anymore. EVs are simply one delivery mechanism in...Continue Reading

U.S. Backs EastMed Pipeline To Supply Gas To Europe | 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 – Dec 17, 2020, 5:30 PM CST The United States supports the EastMed pipeline...Continue Reading