By Editorial Dept – Oct 30, 2020, 1:00 PM CDT 1. Shell reports small profit – Royal Dutch Shell (NYSE: RDS.A) reported a small $177 million profit in the third quarter, rebounding from a $6 billion loss (plus a massive write-down) in the second quarter. But headwinds remain – low refining margins, low LNG margins...Continue Reading

By Editorial Dept – Oct 30, 2020, 1:00 PM CDT COVID Market Update • The Texas Oil and Gas Association said this week that the state had managed to add 700 oil and gas exploration jobs in September. This would be the first increase since the pandemic struck. Although a glimmer of hope, U.S. Energy...Continue Reading

By Editorial Dept – Oct 30, 2020, 1:00 PM CDT Just in case you have been fortunate enough to have avoided all reference to it up until now, I should point out that there will be an election in America next week. At first, I was going to say next Tuesday, but given that even...Continue Reading

By Editorial Dept – Oct 30, 2020, 1:00 PM CDT As Phase 3 of COVID rages globally, the UAE, Kuwait, and Iraq are uncertain about extending OPEC oil production cuts into 2021, which means that come November, the OPEC deal could come into question despite the clear demand lag amid a pandemic that shows no...Continue Reading

Oil Sees Worst Month Since March | 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 – Oct 30, 2020, 1:00 PM CDT Oil prices have hit a 5-month low as COVID cases climb, new lockdowns are...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

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