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Category: News

News / Oil Prices

Oil prices fall as strengthening dollar impacts commodities

By Jessica Summers and Andres Guerra Luz on 2/28/2021 (Bloomberg) –Oil fell the most since November with a stronger dollar and concerns surrounding inflation weighing on crude’s best start to …

News / Oil Prices

All eyes on OPEC as global oil supply imbalance may force an output revision

By Grant Smith, Javier Blas and Salma El Wardany on 2/28/2021 Russia may open the taps a little further following OPEC+ discussions on March 4th. LONDON (Bloomberg) –From trading houses …

Drilling / News

Oil majors’ green energy pivot hammers Africa’s largest economies

By Paul Burkhardt on 2/28/2021 Shifting energy priorities will challenge African economic growth. (Bloomberg) –The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping …

Drilling / News

Native Alaskan landowners demand reconciliation for U.S. government’s ANWR statements

2/27/2021 click to enlarge KAKTOVIK, ALASKA – Kaktovik Iñupiat Corporation strongly disputed the U.S. Fish and Wildlife Service announcement that it failed with respect to its permit application to conduct …

News / Oil Prices

World’s largest oil importer running out of storage capacity

By Aaron Clark and Sharon Cho on 2/26/2021 PetroChina storage tanks (Bloomberg) –China’s oil stockpiles have risen to around 100 days worth of net imports, making it increasingly challenging to …

News / Production

Keystone XL’s demise shifts crude oil shipments to railways

By Robert Tuttle on 2/24/2021 CALGARY (Bloomberg) –U.S. President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and …

News / Production

Exxon takes Canadian oil sands off its books in historic reserves revision

By Kevin Crowley on 2/25/2021 HOUSTON (Bloomberg) –Exxon Mobil erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves to depths never before …

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Recent News

  • Oil prices fall as strengthening dollar impacts commodities
  • All eyes on OPEC as global oil supply imbalance may force an output revision
  • Oil majors’ green energy pivot hammers Africa’s largest economies
  • Native Alaskan landowners demand reconciliation for U.S. government’s ANWR statements
  • World’s largest oil importer running out of storage capacity

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