Low prices batter oil industry (and later the rest of us)
It is a sign of the times that the largest oil company in the world, Saudi Aramco , the state oil company of the Kingdom of Saudi Arabia, must borrow Continue Reading
Crude futures fall on pre-OPEC+ meeting jitters
Crude oil futures were lower during mid-morning trade in Asia Nov. 30 amid profit-taking activity as the market grew anxious ahead of the OPEC and non-OPEC Ministerial Meeting due to Continue Reading
Oil Retreats on Signs of OPEC+ Discord Ahead of Key Meeting
Oil dropped below $45 a barrel as a consensus within OPEC+ to postpone an output hike planned for January remained elusive ahead of a meeting of the cartel’s power brokers Continue Reading
New Energy Giants Are Renewable Companies: Iberdrola, Enel, NextEra, Orsted
Meet the clean supermajors. They have the clout and financial might of the energy behemoths that plumbed the world over for oil and gas before them. But instead of digging Continue Reading
S&P Global Nears Deal to Buy IHS Markit for About $44 Billion
IHS Markit, based in London, has a market value of about $37 billion; S&P’s is about $82 billion. The deal would combine one of the oldest names in financial markets Continue Reading
OPEC+ yet to find compromise on oil policy for 2021, say sources
OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Sunday and ahead of crucial Continue Reading
OPEC+ to discuss extending oil cuts or gradually raising output, sources say
OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two days of talks that start Continue Reading
OPEC+ Fails to Agree on Output-Hike Delay Before Big Meeting – Bloomberg
OPEC and its allies headed into a two-day meeting with ministers still split on plans to delay a production boost, after failing to reach consensus in talks on Sunday night. Continue Reading
Iran’s Nuclear Efforts Pose Growing Threat to Its Foes Despite Setbacks
President-elect Joe Biden has said he plans for the U.S. to re-enter the Iran nuclear deal he helped establish under the Obama administration in 2015. WSJ’s Gerald F. Seib explains Continue Reading
Iraq isn’t seeking exemptions from OPEC+ output cuts: report
Iraq isn’t seeking exemption from OPEC+ production cuts because it does not want crude prices to drop, Alsabaah newspaper reported Nov. 29, citing the country’s oil minister Ihsan Ismaael. Oil Continue Reading