The re-balancing of global oil markets remains “fragile” amid weaker estimates for demand and a recovery in supplies, the International Energy Agency said. The IEA cut forecasts for world oil consumption in 2021 by 200,000 […]
Singapore — 0255 GMT: Crude oil futures were lower during mid-morning trade in Asia Feb. 11 on the back of a build in US gasoline inventories and despite the sharp drop in crude oil stocks. At […]
February 11th, 2021, 4:30 AM CST Ben van Beurden, chief executive officer at Royal Dutch Shell Plc., discusses transitioning the company away from oil and gas, his business strategy and his outlook for oil. He […]
Crude Oil and Natural Gas News Putin wants to take out US Shale, and produce everything Biden bans. OPEC still has no enforcement of production Total says that there will be 10mbd off the market […]
France’s supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued underinvestment in the industry, the […]
Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels. The group of crude […]
U.S. President Joe Biden’s push to slash carbon emissions may inadvertently give a short-term boost to energy companies in one of the world’s biggest polluters. Investors are betting that Russian oil giants such as Lukoil […]
Singapore — 0234 GMT: Crude oil futures were rangebound in mid-morning trade in Asia Feb. 10 as improving fundamentals for crude oil were weighed against concerns of an overheated market. At 10:34 am Singapore time (0234 […]
ExxonMobil’s 90,000 b/d Altona refinery in Victoria is no longer economically viable and will be converted into an oil product import terminal, the company said today. The decision was made following an extensive review of […]
Markets stay flat today after huge Monday rally fades away S&P 500: 01% Nasdaq: -0.09% Dow Jones: 08% “The market has been pricing in the reopening optimism, and in the short term that may be […]
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