The decision by OPEC+ to continue shielding the global oil market by curtailing its output, even with generous self-imposed cuts like Saudi Arabia’s 1 million barrels per day “gift”, has helped WTI crude prices exceed […]
London — OPEC and its allies raised their crude oil production by 280,000 b/d in December to a seven-month high, as Libya pumped its most since mid-2013 and several other countries posted modest increases, the latest […]
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 […]
Saudi Arabia faced the choice of any head of family when the kids and cousins are running wild at the backyard bbq: You can get them in line by yelling and risk further non-compliance and […]
The decision by OPEC+ to continue shielding the global oil market by curtailing its output, even with generous self-imposed cuts like Saudi Arabia’s 1 million barrels per day “gift”, has helped WTI crude prices exceed […]
ENB Publishers Note: Energy investor rejoice as Saudi hands US Shale a gift. Remember, Saudi is NOT a company, but a country. Crown Prince MBS does not care about the health of $REI rather the […]
Markets rebound to set the first positive trading day of 2021, with the Dow Jones up over 200 pts as traders weigh COVID-19 and GA Senate election outcomes S&P 500: 0.93% Nasdaq: 0.76% Dow Jones: […]
From Energy Intel: Production levels per OPEC+ Bloomberg – OPEC+ reached an agreement to curb supply over the next two months, with Saudi Arabia carrying a greater burden of oil-output cuts while others hold […]
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 […]
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 […]
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