Oil Set for Best Week Since Early March on Better Demand Outlook
Oil edged higher at the end of a week in which prices have climbed on optimism the recovery in demand from the Covid-19 pandemic is improving. Futures in New York rose Continue Reading
Oil rises above $67 in fifth day of gains on demand hopes
Oil rose above $67 a barrel on Friday, gaining for a fifth session, as a stronger demand outlook and signs of economic recovery in China and the United States offset Continue Reading
Oil Prices Climb Higher
Oil extended its climb out of a month-long trading range with further signs of an accelerating rebound taking shape in the U.S. Futures in New York inched up alongside a Continue Reading
Goldman Sees Oil Demand Peaking for Transportation in Five Years
Pioneer CEO Sees Oil Rising $5-$10 in Next Few Weeks Add Goldman Sachs Group Inc. to the list of forecasters calling for oil demand to peak sooner rather than later. Continue Reading
Shale Executive: US Production Rebound Will Lead To New Oil Price War
The U.S. oil industry faces a new oil price war if shale production rebounds next year by rising 1 million bpd compared to this year, Scott Sheffield, chief executive at Continue Reading
This Strategic Shift Could Make Big Oil Much More Profitable
At a certain point in its lifecycle, every industry faces its moment of reckoning with growing pressure to transform due to factors such as increasing competition, changing consumer preferences, government Continue Reading
Satellite Constellation Set to Unmask World’s Super Polluters
Efforts to identify and attribute global emissions will get a boost from satellites to be launched by a consortium including Carbon Mapper, the State of California, NASA’s Jet Propulsion Laboratory Continue Reading
U.S., Iranian Nuclear Negotiators Look for Ways to Untie Sanctions Knot
Negotiators for the U.S. and Iran, working to revive an international deal aimed at restricting Tehran’s atomic ambitions, are looking for ways to untangle a knot of interlocking American sanctions Continue Reading
Iraq in talks with US energy companies to find buyers for Exxon’s stake in West Qurna 1
Iraq is in talks with US energy companies to find potential buyers for ExxonMobil’s 32.7% stake in West Qurna 1, the state-owned Iraqi News Agency reported citing an April 15 Continue Reading
Iran Threatens To Cut Nuclear Deal Talks Short ”If Not Constructive”
Iran is warning that it doesn’t plan to let nuclear negotiations “drag on” and has threatened to cut talks short if they are “not constructive” . The fresh warning from Continue Reading