Crude prices fall amid gloomier global recovery outlook
Crude oil futures dipped on Aug. 14 as a wave of reports this week painted a gloomier economic outlook with slower demand recovery as the coronavirus pandemic continued to take Continue Reading
Oil Prices Fall Back After A Brief Rally
Friday, August 14th, 2020 Another week and another snoozer for oil prices. WTI and Brent remain in a narrow range, although their foothold in the $40s feels more solid than Continue Reading
Oil Drops With IEA Demand Outlook Pointing to Weakness Ahead
Oil fell the most in nearly a week as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel. U.S. Continue Reading
Big Oil Wrote Down $87 Billion In Assets In Less Than One Year
Seven of the largest oil companies in the world have written down a collective US$87 billion from the value of their oil and gas assets over the past nine months, Continue Reading
‘Canary in the coal mine’: Greenland ice has shrunk beyond return, study finds
Greenland’s ice sheet may have shrunk past the point of return, with the ice likely to melt away no matter how quickly the world reduces climate-warming emissions, new research suggests. Continue Reading
OPEC July 2020 Production Charts
The data is through July 2020 and is in thousand barrels per day. OPEC crude only was up almost one million barrels per day in July. The lions share of Continue Reading
U.S. says it seized four Iranian fuel shipments en route to Venezuela
The United States said on Friday it had confiscated four Iranian fuel shipments that had been bound for Venezuela, disrupting a key supply line for both Tehran and Caracas as Continue Reading
Venezuela Ramps Up Oil Exports Against All Odds
Despite tightening U.S. sanctions, Venezuela’s PDVSA has managed to ramp up its oil exports this month, with the daily average hitting 325,000 barrels, which was the highest in four months, Continue Reading
ExxonMobil secures another long-term concession in Argentina’s Vaca Muerta
ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company’s growth in oil and natural gas production Continue Reading
U.S., China Postpone Weekend Talks on Trade Deal
The U.S. and China are postponing talks planned for over the weekend that had been aimed at reviewing progress at the six-month mark of their phase-one trade agreement, people familiar Continue Reading