By Editorial Dept – Dec 04, 2020, 12:00 PM CST Usually, when a market move makes no sense to you, it is you that is wrong. As my old dealing room boss loved to say, or rather shout, the market cannot be wrong. It is simply a reflection of the last place two people were...Continue Reading

By Editorial Dept – Dec 04, 2020, 12:00 PM CST Libya has stunned everyone by fairly quickly ramping up to 1.2 million bpd in a matter of months. That’s an impressive feat impressive given the damage that was done. But as we have said repeatedly in this newsletter, this is far from over. And as...Continue Reading

By Editorial Dept – Dec 04, 2020, 12:00 PM CST U.S. West Texas Intermediate crude oil futures are trading higher on Friday as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations. The market surged early in the session but...Continue Reading

By Editorial Dept – Dec 04, 2020, 12:00 PM CST 1. Exxon’s sharp CAPEX cuts – ExxonMobil (NYSE: XOM) announced plans to cut its CAPEX down to $20-$25 billion annually, lopping off $10 billion from what the company said in March at the onset of the pandemic. – In terms of spending growth, the new...Continue Reading

Denmark To End Oil Production In 2050 | 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 – Dec 04, 2020, 11:30 AM CST Denmark will stop extracting oil from the North Sea in 2050,...Continue Reading

Russian Energy Minister Sees 2 Million Bpd OPEC+ Output Increase In April | 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 04, 2020, 11:00 AM CST A day after OPEC reached a...Continue Reading

Aramco CEO Sees Meaningful Oil Price Recovery 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 – Dec 04, 2020, 10:00 AM CST Oil prices are set to see a...Continue Reading

Share Of EV Registrations In UK Jumps To 9.1% In November | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 04, 2020, 9:30 AM CST While the UK’s total new car sales slumped in November due to the second lockdown, electric vehicles (EVs) recorded their...Continue Reading

Oil Prices Inch Towards $50 On OPEC+ Agreement | 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 04, 2020, 9:00 AM CST Oil prices rose early on Friday, headed for...Continue Reading

The Death Of U.S. Shale Has Been Greatly Exaggerated | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Dec 03, 2020, 7:00 PM CST The current year marks the 15th anniversary of the U.S. shale boom, a period in...Continue Reading