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HomeCrude Oil News

Crude Oil News

OPEC- EnergyNewsBeat
Crude Oil News

OPEC+ resumes talks amid divide on February oil output levels

January 5, 2021 Stu Turley

UPDATE (7:23 AM MST): Russia agrees to rollover production Russia agrees to rollover current OPEC production – report https://t.co/CI8BZCSZNi — ForexLive (@ForexLive) January 5, 2021 OPEC+ resumes debate on Tuesday after talks stumbled over February […]

Crude Oil News

Overnight Oil Report 1/5/2021 – Rangebound ahead of day two of OPEC+ meetings

January 5, 2021 Mariel Alumit

ENB Publishers Note: CL not nearly as bullish heading into day two of OPEC talks, with sides looking like a production stay.  Russia is the wild card. Check out Energy News Beat on YouTube and […]

Crude Oil News

Energy News Beat: 1/4/2021

January 4, 2021 Mariel Alumit

Stocks drop on the first trading day of 2021 amid concerns about COVID-19 cases and the runoff election in Georgia. The Dow and S&P 500 were on pace for their biggest one-day sell-off since Oct. […]

Saudis lead OPEC+ majority opinion against February supply increase - Energy News Beat
Commodities

Saudis lead OPEC+ majority opinion against February supply increase

January 4, 2021 Stu Turley

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 […]

Doing Nothing Is the Best Oil Producers Can Do Right Now
Crude Oil News

OPEC+ Warns of Risk to Oil Recovery as Group Plots Next Move

January 4, 2021 Stu Turley

OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the first half of 2021 […]

Iran to invest 1.2B in bid to double oil production -EnergyNewsBeat
Crude Oil News

Iran to invest $1.2B in bid to double oil production

January 3, 2021 Stu Turley

Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil Co. said. The signings were initially meant to take place on Monday in Tehran in the […]

Russian annual oil output falls for the first time since 2008 -EnergyNewsBeat
Crude Oil News

Russian annual oil output falls for the first time since 2008 on OPEC+ deal, pandemic

January 3, 2021 Stu Turley

Russian oil and gas condensate output declined to 10.27 million barrels per day (bpd) last year, according to energy ministry data cited by the Interfax news agency MOSCOW: Oil production in Russia declined last year […]

Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus -EnergyNewsBeat
Commodities

Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus

January 1, 2021 Stu Turley

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled […]

Exxon - EnergyNewsBeat
Crude Oil News

Exxon signals up to $20 bln writedown to overwhelm 4th-qtr gains in oil, chemicals

December 31, 2020 Stu Turley

Exxon Mobil Corp. signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion […]

US Oil - EnergyNewsBeat
Crude Oil News

Oil rises on U.S. inventory draw, Brexit deal hopes

December 26, 2020 Stu Turley

U.S. crude, gasoline and distillate stocks fall last week-EIA * Investors cheer a potential Brexit trade deal * U.S. drillers add oil and gas rigs for fifth week in row TOKYO, Dec 24 (Reuters) – […]

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