The first monthly OPEC+ meeting to decide on the group’s production ended with an unexpected, in fact shocking two-month agreement: Saudi announced an unexpected and unilateral production cut of 1 Continue Reading
Petroleum facilities guards at an oil export terminal in eastern Libya have delayed the loading of at least one crude oil cargo and are threatening to block exports until their Continue Reading
Ever since Saudi energy minister Prince Abdulaziz bin Salman took his post in August 2019, he has cracked the whip on OPEC+ compliance, pressuring, scolding and cajoling quota violators to Continue Reading
Japan declared a one-month state of emergency in the capital, Tokyo, and three neighbouring prefectures on Thursday to stem the spread of coronavirus infections, as new daily cases surged to Continue Reading
A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years. The mileage increase comes as Continue Reading
U.S. banks want to continue choosing whether to lend money to the oil and gas industry according to risk and reputation management practices, asking a regulator not to proceed with Continue Reading
Brightening the prospects for the climate agenda of incoming President Joe Biden, Democrats have regained control of the US Senate. As the final votes from the Georgia runoff were being Continue Reading
US crude oil inventories saw their largest decline since July in the week ended Jan. 1 on the back of strong exports and rising refinery demand, US Energy Information Administration Continue Reading
The Alaska Industrial Development and Export Authority was the high bidder, by far the most active bidder, and saw little competition in Alaska’s Arctic National Wildlife Refuge Coastal Plain lease Continue Reading
Don’t count on America’s shale industry to boom once again in response to $50 per barrel oil and Saudi Arabia’s plan to throttle back its own oil production. (Bloomberg) — Continue Reading
