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.

December 1, 2020

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.

December 1, 2020

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.

November 30, 2020

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.

November 30, 2020

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.

November 30, 2020

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.

November 29, 2020

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.

November 27, 2020

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.

November 26, 2020

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.

November 25, 2020

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. 

November 23, 2020