Pioneer Natural Resources CEO Scott Sheffield says oil could reach $100 a barrel by q4. He also says oil output in the Permian Basin will peak in five to six years. He speaks to Bloomberg’s Alix Steel at CERAWeek by S&P Global in Houston. (Source: Bloomberg)
Oil prices are lower this morning (despite a small crude draw reported by API overnight) amid concerns about a jump in Covid-19 cases after China suddenly rolled back pandemic rules (which is ironic because prices […]
ENB Pub Note: Audurand has some excellent points, until the calculations with the EV cars displacing the amount of oil due to their increases sales. That seems yet to be determined. Hedge fund manager Andurand: […]
South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said. The purchases could lift […]
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