World Oil editors discuss The North Face doubling down on its principled stand against well-paying American jobs, Russia wants to see OPEC+ production rise in February, and U.S. land regulators shrink Alaskan oil lease acreage. SourceContinue Reading

The LNG vessel Tristar Ruby, which loaded at the Cove Point plant in Maryland, is headed for Croatia’s terminal on the Adriatic island of Krk, according to ship-tracking data on Bloomberg. The ship is scheduled to arrive on Jan. 1, the expected start date of the terminal. SourceContinue Reading

Fighters who’ve aligned with Islamic State in August have already seized the port town of Mocimboa da Praia, about 42 kilometers south of Mute, raising the stakes in a conflict that’s killed about 2,500 people and caused 570,000 to flee their homes since it started three years ago. SourceContinue Reading

Rollout of coronavirus vaccines and improvement in ties between the United States and China are likely to improve demand for oil, Energy Minister Suhail Al-Mazrouei told Sky News Arabia. “Recovery will be gradual, and won’t happen in a quarter or two,” he said. SourceContinue Reading

A new virus strain and the realization that vaccines will take some time to be rolled out have worsened the short-term oil outlook, while the OPEC+ alliance is poised to add 500,000 barrels a day of production in January. SourceContinue Reading

Saudi Arabia’s export revenue fell by nearly a quarter in October from a year earlier, driven largely by a slump in global oil prices. SourceContinue Reading

The deal is part of an effort by President Xi Jinping’s government to consolidate the nation’s major pipelines and other midstream facilities into a single firm, intended to boost competition among drillers and downstream oil and gas sellers. SourceContinue Reading

The new Covid-19 strain — which is possibly already in the U.S., Germany, France and Switzerland — is raising the risk of more stay-at-home measures that would sap energy demand. The UK is considering putting more people under a severe lockdown to halt its spread. SourceContinue Reading

Apparel manufacturer The North Face is inviting scorn and maybe a little coal in their petroleum-based stockings this Christmas, writes Jason Modglin, President of the Texas Alliance of Energy Producers. SourceContinue Reading

Equinor and its license partners have decided to invest NOK 3 billion in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent. SourceContinue Reading