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Crude Oil News

U.S. Foreign Policy Is Fueling Iran’s Interest In Venezuela

January 9, 2021 Stu Turley

After the Second World War crude oil and control of its production became an important driver of global geopolitics. Crude oil became an essential component in a world economy powered by fossil fuels and experiencing a massive […]

Nigeria - Oil -Energy News Beat
Crude Oil News

Total Nigeria Plc projects N115.97bn revenue for Q1 2021

January 9, 2021 Stu Turley

Total Nigeria Plc has projected a rise in its revenue to N115.97 billion for the first quarter of 2021 (Q1, 2021), indicating a 157.7 per cent increase from the figure recorded in Q3 2020. This […]

Petrobras-FPSO -Source - Petrobras - Energy News Beat
Crude Oil News

Petrobras sees record oil output in 2020

January 8, 2021 Stu Turley

Brazilian oil and gas giant Petrobras has registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and 2.84 million […]

Iran Refuses To Negotiate Korean Fuel Tanker Release - Energy News Beat
Crude Oil News

Iran Refuses To Negotiate Korean Fuel Tanker Release

January 7, 2021 Stu Turley

Iran has signaled it has no intention to negotiate the release of the South Koran fuel tanker that the Iranian military seized earlier this week in the Strait of Hormuz. Korean media quoted a statement […]

China companies may get delisted - Energynewsbeat
Commodities

China falls from top US crude exports spot

January 7, 2021 Stu Turley

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 […]

India in no hurry to seek US nod for oil supplies from Iran and Venezuela - Energy News Beat
Crude Oil News

India in no hurry to seek US nod for oil supplies from Iran, Venezuela – Could impact OPEC’s production and quota

January 6, 2021 Stu Turley

Energy News Beat Publishers Note: We have to applaud the leadership in India for looking at the lowest cost energy for their people. They also look at all forms of power to include solar, wind, […]

Kamal al-Atroshi approved as Kurdistan’s oil minister - EnergyNewsBeat
ENB Pub Note

Kamal al-Atroshi approved as Kurdistan’s oil minister

January 6, 2021 Stu Turley

Energy News Beat Publishers Note: This is an interesting story as it relates to OPEC, Russia and Kurdistan. Update: On Wednesday, three days after our original story published, Kamal al-Atroshi was confirmed by Kurdistan’s Parliament […]

Iraq Aims To Increase Oil Exports To Asia With South Korea Deal - EnergyNewsBeat
Crude Oil News

Iraq Aims To Increase Oil Exports To Asia With South Korea Deal – making it tougher on OPEC to control prices

January 5, 2021 Stu Turley

Energy News Beat Publishers Note: With the wild ride on OPEC meetings this week, this news is going to make it tougher for OPEC to control the members quotas for production. Therefore making the pricing […]

OPEC - EnergyNewsBeat.com
Crude Oil News

OPEC retains oil cuts over demand concerns – Update – Meeting delayed hours as Saudi and Russia Ministers are in talks.

January 5, 2021 Clark Savage

Update (9:58 AM MST): Saudi to voluntarily cut oil production in Feb. OPEC+ MEETING: Saudi Arabia has taken responsibility for re-balancing the oil market, in a three-way OPEC+ deal that will see the kingdom cut […]

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 […]

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