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Top Energy Analyst Sees Oil Prices Soaring To $66 In 2021

Top Energy Analyst Sees Oil Prices Soaring To $66 In 2021

Energy Aspects’ Amrita Sen sees…

OPEC+ News Is Holding Oil Prices Back

OPEC+ News Is Holding Oil Prices Back

Expectations of an easing of…

Exxon May Finally Book Major Writedowns

Exxon May Finally Book Major Writedowns

ExxonMobil could write down the…

Energy

High Quality Oil And Gas Assets Should Drive An M&A Recovery

Jul 03, 2020 at 15:16 | Tsvetana Paraskova

The oil price collapse has taken its toll on mergers and acquisitions (M&A) across the U.S. oil and gas industry as companies preserve cash in these highly uncertain times.   …

The Oil Rally Has Stalled Once Again

Jul 03, 2020 at 13:50 | Josh Owens

Oil prices hit four-month highs this week, but bearish sentiment quickly snapped back into place and halted the rally.For Global Energy Alert members there are now

Oil Prices Fall As Demand Outlook Worsens In U.S.

Jul 03, 2020 at 11:59 | Tsvetana Paraskova

Oil prices fell early on Friday amid surging new coronavirus infections in the United States, which had market participants worried about the U.S. oil demand recovery trend. As of 9:20…

Oil Capped By COVID Fears

Jul 03, 2020 at 11:37 | Editorial Dept

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed higher this holiday-shortened week, supported by a larger-than-expected drawdown in crude inventories earlier in the week and a decline…

A Clear Sign That OPEC Compliance Is Working

Jul 03, 2020 at 11:35 | Editorial Dept

COVID Market Update - The price of the OPEC basket has climbed above $40 per barrel for the first time in four months, as the group managed to fulfill 100%…

Debt Destroys A Shale Giant

Jul 03, 2020 at 11:32 | Editorial Dept

1. Gasoline demand rebounds, jet fuel stays down- In the U.S., demand for petroleum products…

How To Take Advantage Of The Energy Stock Selloff

Jul 03, 2020 at 11:31 | Editorial Dept

After a decade of disappointment for energy stocks, it is not surprising that when oil’s collapse really accelerated back in early March, anything even vaguely related to oil got hammered.…

The Multi-Billion Dollar Price Tag For Iraqi Oil Compliance

Jul 03, 2020 at 11:29 | Editorial Dept

Oil Powers Bought Iraqi Compliance - And Something Else, Too They may have paid for compliance, but they were really buying something else.  With COVID-19 cases…

Exxon May Finally Book Major Writedowns

Jul 03, 2020 at 11:01 | Tsvetana Paraskova

ExxonMobil could write down the value of its oil and gas assets as soon as this month, Wall Street analysts told Reuters on Friday. Unlike many of its peers, Exxon hasn’t…

Oil Price Crash Leads To Sharp Contraction In Gulf Economies

Jul 03, 2020 at 09:52 | Charles Kennedy

Gulf economies will experience a combined contraction of 7.6 percent this year because of the oil price crash, a senior IMF official has forecast. This is a sharp downward revision…

Saudi Arabia And Kuwait Restart Production At Huge Shared Oil Field

Jul 03, 2020 at 08:35 | Irina Slav

Saudi Arabia and Kuwait have restarted production at the Al-Khafji oil field in the neutral zone between the two countries, Turkey’s Anadolu Agency reported, citing a statement by the acting…

Exxon Is Big Oil’s Outlier In The Post-Pandemic World

Jul 02, 2020 at 17:35 | Tsvetana Paraskova

While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expenditures to boost production.  …

Satellite Data Exposes A Massive Methane Problem

Jul 02, 2020 at 16:54 | Alex Kimani

The fossil fuel industry has received plenty of flak over the past decade for its conspicuous role in climate change. The usual script goes something like this: Fossil…

Goldman Sachs: Prepare For A Global Consolidation Of Refineries

Jul 02, 2020 at 13:47 | Nick Cunningham

A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according to a new report from…

Moody’s Turns Bearish On Oil Demand Growth

Jul 02, 2020 at 12:43 | Irina Slav

Billions of people spent the last few months in a lockdown of some form or another with travel bans or severe restrictions in place. Some warn that this will be…

Oil Rig Count Collapse Beginning To Slow

Jul 02, 2020 at 12:29 | Julianne Geiger

Baker Hughes reported on Thursday that the number of oil and gas rigs in the US fell again this week, by 2, to 263, showing the second small loss in…

Russia Expects OPEC+ To Ease Cuts Next Month

Jul 02, 2020 at 12:05 | Tsvetana Paraskova

OPEC+ is not discussing or planning changes to its production cut agreement, which should see the oil producers ease the cuts in August, Russia’s Energy Minister Alexander Novak said at an…

U.S. Shale Needs To Rethink Its Strategy To Survive

Jul 02, 2020 at 11:56 | Haley Zaremba

U.S. shale is hurting. While the entire global energy industry has been hit hard by the novel coronavirus pandemic and its disastrous effect on oil prices and oil…

U.S. Shale Scrambles For Credit With Oil At $40

Jul 02, 2020 at 11:17 | Julianne Geiger

U.S. oil and gas companies are scrambling for credit, with lenders tightening their purse strings as oil prices continue to sit below $40 per barrel. Oil and gas lenders have…

Is The UK Doing Enough To Stimulate EV Sales?

Jul 02, 2020 at 10:52 | Irina Slav

Sales of plug-in hybrids and battery electric cars in the UK inched up to 7 percent of total sales in the first quarter of the year, Reuters’ John Kemp wrote this…

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