• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 2 hours If hydrogen is the answer, you're asking the wrong question
  • 6 hours How Far Have We Really Gotten With Alternative Energy
  • 2 days Natural gas mobility for heavy duty trucks
  • 2 days Ocean Heat Could Supply Endless Clean Energy
Editorial Dept

Editorial Dept

More Info

Premium Content

Why The Iran Conflict Won’t Move Oil Prices

More Market Movers

- In addition to the Wednesday boost from a Phase 1 US-China trade deal that would ostensibly see China import tons of US LNG and coal, oil prices got a boost Thursday from the Senate’s approval of the US-Mexico-Canada trade agreement, with Mexico and Canada being the top two targets for US petroleum exports. However, by Friday morning, oil was removing those gains in part on sluggish Chinese economic growth and data showing Chinese economic growth near a 30-year low.

- Austerity is coming: The EIA is predicting a 50%+ deceleration of US oil output growth in 2021 due to an uptick in capital discipline for shale producers. For 2020, output growth is set to be just over 1 million barrels per day. For 2021, output growth is expected to be 400,000 bpd.

- BlackRock says it will be refocusing on companies that adequately address climate change, which the media is taking to mean a divestment in fossil fuels and thermal coal. BlackRock has major holdings in oil producers, including BP, Shell and ExxonMobil. Specifically, the fund said it would be focusing on sustainability as well as launching new investment products that screen fossil fuels.

Discovery & Development

- Israel has officially started exporting natural gas to Egypt under a $15-billion/15-year deal in what is largely considered a landmark deal between the two. The gas from Israel’s Leviathan and Tamar offshore gas fields will flow to Egypt, where it will…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News