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Markets

OPEC+ Resumes Talks Amid Divide on February Oil Output Levels

Russia wants to increase production but others want to hold steady.

January 5, 2021

Crude Oil

OPEC+ Deadlock Pushes Negotiations over Raising Oil Output to Second Day

The unusual decision to push negotiations into a second day was taken after a three-hour debate in a virtual meeting of OPEC+, which groups OPEC and other producers including Russia.

January 4, 2021

Crude Oil

Venezuela Oil Exports Sink to Levels Not Seen Since 1940s

Pressured by strict U.S. sanctions, Venezuela's oil exports plunged by 376,500 bbl/d in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA.

January 4, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (Jan. 4, 2021)

In its latest oil price forecast, Stratas Advisors examines fundamentals versus broader market factors.

January 4, 2021

Crude Oil

Reports: Iran Seizes South Korean-Flagged Tanker

Seizure of ethanol carrier comes at a time of tension over South Korea freezing Iranian funds.

January 4, 2021

Crude Oil

Most OPEC+ Producers Oppose February Output Increase

Most OPEC+ oil-producing countries oppose plans to increase output from February as winter lockdowns to contain the coronavirus choke demand, three OPEC+ sources told Reuters on Jan. 4.

January 4, 2021

Crude Oil

Russian Annual Oil Output Falls for First Time Since 2008

Russia agreed to reduce its oil production in April last year by more than 2 million bbl/d, an unprecedented voluntary cut, along with other leading oil producers and OPEC.

January 4, 2021

Crude Oil

OPEC Sees Oil Outlook for First-half 2021 Full of Downside Risks

"Amid the hopeful signs, the outlook for the first half of 2021 is very mixed and there are still many downside risks to juggle," OPEC Secretary-General Mohammad Barkindo says.

January 4, 2021

Investment

PATH FORWARD: 2021 Outlook from Oil Market Experts Chandra, Dickson, Wicklund

From an improving gas market to international opportunities and a new energy workforce, a panel of veteran analysts in the oil and gas industry discuss what to expect from the sector in 2021.

January 4, 2021

Liquefied Natural Gas (LNG)

US Natural Gas Futures Post Best Year Since 2016

U.S. natural gas futures rose on Dec. 31 and were on track for their best year since 2016, helped by forecasts for slightly colder weather than previously expected and record LNG exports.

December 31, 2020