Crude Oil
Public Capital , Exploration & Production , Crude Oil , Shale Plays
Pioneer CEO Scott Sheffield Sees Oil Demand Recovery to Pre-pandemic Levels by 2022
Pioneer Natural Resources is putting drilling rigs back to work in the Permian Basin oil field, but plans for oil production growth of zero to 5% while demand recovers, CEO Scott Sheffield says.
Exploration & Production , Crude Oil , Trade , International
Norway Oil Output Curbs to Expire at Year-end
Following a sharp drop in crude prices in early 2020 as the coronavirus pandemic hit demand, Norway in April announced it would slash oil output for the final seven months of the year.
Crude Oil , Trade , International
Report: OPEC+ Postpones Oil Output Policy Talks Amid Disagreement
After consultations on Nov. 29 failed to reach agreement, sources said Russia suggested a possibility for OPEC+ to start increasing output by 500,000 bbl/d each month from January.
Master Limited Partnerships , Investment , Natural Gas , Crude Oil , Midstream
MLP Investors’ Free Cash Flow Wish to Come True
MLPs and midstream companies are starting to show free cash flow operational results, experts say.
Crude Oil
What’s Affecting Oil Prices This Week? (Nov. 30, 2020)
Oil prices rebound to new levels, Stratas Advisors says in its latest oil price forecast.
Crude Oil , Trade , International
Report: OPEC+ Yet to Find Compromise on Oil Policy for 2021
OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Nov. 29 and ahead of crucial meetings on Nov. 30 and Dec. 1, four OPEC+ sources told Reuters.
Crude Oil
Oil Prices Set for Weekly Gain Ahead of OPEC+ Meeting
Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week.
Crude Oil
Oil Rally Stalls on Signs of More Supply, Demand Doubts
Oil slipped from seven-month highs on Nov. 26 as signs of growing supplies helped to halt a rally driven by optimism that COVID-19 vaccines will revive fuel demand.
Crude Oil
OPEC+ Leaning towards Oil Cut Extension, Despite Rally
OPEC and allies including Russia are leaning towards delaying next year’s planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said.
Petrochemicals , Crude Oil , Trade , International
What’s Affecting Oil Prices This Week? (Nov. 23, 2020)
The world witnessed the long-waited announcements related to successful trial results of several vaccines, which are the preliminary requisite for quick regulatory approvals that will then translate into mass production and distribution.