Oil Prices Take A Breather After Big Rally | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Dec 11, 2020, 2:00 PM CST Oil prices fell back on Friday morning following a strong rally on...Continue Reading
Rig Count Sees Largest One-Week Increase Since January | 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 – Dec 11, 2020, 12:34 PM CST Baker Hughes reported on Friday that the number of...Continue Reading
By Editorial Dept – Dec 11, 2020, 12:00 PM CST 1. Deep capex cuts for shale – A group of 33 U.S. shale companies cut capex to just $5.8 billion combined in the third quarter, according to a new report. – That was down from $13.9 billion for the same period a year earlier, a...Continue Reading
By Editorial Dept – Dec 11, 2020, 12:00 PM CST Last week, I talked about the illogicality of recent moves in crude, and there has been more of the same this week, if anything even more pronounced. I guess I should be used to markets behaving illogically after nearly four decades of working in and...Continue Reading
By Editorial Dept – Dec 11, 2020, 12:00 PM CST Last week, we asked how quickly General Haftar might grow weary of waiting on an elusive oil revenue agreement while the country continues to pump out 1.2 million bpd of oil, which the Central Bank cannot access without a revenue-distribution resolution. This week, we find...Continue Reading
By Editorial Dept – Dec 11, 2020, 12:00 PM CST Politics, Geopolitics & Conflict Once again, it’s China stepping into the vacuum in Iraq, targeting the oil industry. This time, Iraq is set up for a multi-billion-dollar bailout from Beijing in a deal that would see the Iraqi government repay the debt in the form...Continue Reading
By Editorial Dept – Dec 11, 2020, 12:00 PM CST U.S. West Texas Intermediate crude oil futures are edging lower on Friday but remained in a position to post a sixth week of gains, as the rollout of novel coronavirus vaccination programs fed hopes that demand for fuel would rebound next year. Traders are largely...Continue Reading
Department Of Energy Extends LNG Export Terms | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 11, 2020, 11:30 AM CST The U.S. Department of Energy has extended the export terms for seven LNG license until 2050 for projects currently under construction or pending the...Continue Reading
World Oil Demand Hits Two-Month 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 11, 2020, 11:00 AM CST Global demand for road fuels hit a two-month high last...Continue Reading
EU Reaches Agreement On Emission Cuts | 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 11, 2020, 10:00 AM CST The European Union earlier today finally reached an agreement on more stringent...Continue Reading
