Crude oil futures slipped during mid-morning trade in Asia Dec. 3 after rallying overnight following fresh reports of COVID-19 vaccine approvals in the UK, crude oil inventory draw in the Continue Reading
Highlights Eyes WTI Midland inclusion from March 2022 Some 440,000 b/d of WTI exported to Europe US crude exports have surged to nearly 3 million b/d S&P Global Platts has Continue Reading
Oil fell before an OPEC+ meeting as powerbrokers in the alliance haggle over output policy after failed talks earlier in the week. Futures in New York traded near $45 a barrel. Continue Reading
Oil jumped the most in a week after a surprise decline in U.S. crude inventories and signals that OPEC+ made progress toward a widely anticipated deal on extending output curbs. Continue Reading
If I had of said to most of you reading this a year ago that 2020 would see negative oil prices , the world economy collapse and record highs in Continue Reading
Exxon this week did something unprecedented: it wrote down its gas assets by a massive $17 to $20 billion. In evidence that the crisis has finally gotten to the world’s Continue Reading
Global efforts to reduce wasted energy have faced a major setback in 2020, sidelining a relatively simple way of slashing emissions and hitting climate goals. That’s the conclusion from an International Energy Continue Reading
OPEC+ is closing in on an agreement on output cuts after days of tense negotiations, according to delegates. After direct talks between the group’s heavyweights — Russia, Saudi Arabia and the Continue Reading
After failed talks exposed a dangerous fissure at the alliance’s core, OPEC and its partners are quietly working to repair the damage. Key players in the 23-nation alliance are making Continue Reading
OPEC+ is closing in on an agreement on output cuts after days of tense negotiations, according to delegates. After direct talks between the group’s heavyweights — Russia, Saudi Arabia and the Continue Reading
