Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday, leaving its 2021 demand […]
Energy News Beat Publishers Note: The LNG shipping and exports for the United States are imperative long term place on the energy table. The cost of shipping liquefied natural gas from the U.S. to Asia hit […]
Any attempt by U.S. shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates. Oil prices have surged […]
(Bloomberg) –Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency. Futures rose 1.5% to above $53 a barrel, to the highest […]
(Reuters) – Brent oil prices could rise to $65 per barrel by summer 2021, Goldman Sachs said on Monday, driven by output cuts in Saudi Arabia and the implications of a shift in power to […]
Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world’s second-largest oil user, after a jump in cases there. […]
ENB Publishers Note: Bull’s in Asia and Europe drive oil price to $51.66 for the high on the overnight session as traders shake off COVID-19 concerns… ______ Singapore — 0242 GMT: Crude oil futures ticked up […]
Total US crude exports averaged 2.73mn b/d in November, down from 2.91mn b/d in October, according to trade data released today by the US Census Bureau. China had been the top destination for US crude […]
A majority of OPEC+ members including Saudi Arabia were opposed to increasing oil output again next month, while Russia was proposing the maximum supply hike allowed by the group’s agreement. The difference of opinion between […]
The pummeling received by the oil market in 2020 and a subsequent slump in the valuations of energy stocks is well documented. As the Covid-19 global pandemic triggered an economic downturn – following national lockdowns, […]
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