
Oil Surges On Report Russia Proposes Delay Of OPEC+ Output Hike
• Zero HedgeOil has reversed its entire overnight loss, and is surging on a report that Russia was mulling delaying the return of some OPEC+ output until the end of Q1.
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Oil has reversed its entire overnight loss, and is surging on a report that Russia was mulling delaying the return of some OPEC+ output until the end of Q1.
The long-awaited shale patch consolidation has arrived, sparking another bout of merger mania in the energy industry. It's reminiscent of the one in the late 1990s, just as the Internet bubble was exploding. But don't expect the stocks to rally t
Joe Biden already flip-flopped on his fracking stance once he set foot in Pennsylvania, and after taking some heat for comments made at the final debate about "transitioning away from" the oil industry, he's trying to do that again.
Democrat Joe Biden's debate remarks that he would "transition" away from the oil industry in favor of renewable energy sources drew quick attention Thursday from President Donald Trump, who saw it as a boon to his chances in key states. Geoff Petruli
The OPEC+ member countries are on the brink of a financial crisis if the latest assessments of the International Monetary Fund (IMF) are accurate.
With the price of Brent crude trading in a narrow - and low - range since the covid crisis, now that we live in a work from home world where demand for gasoline, oil and energy is far less than before March...
When people like President Donald Trump and Attorney General Bill Barr have promoted imminent domain, I find it very troubling.
Denmark cleared on Thursday the final hurdle to Nord Stream 2 potentially starting operations in Danish waters, while the U.S. continues its attempt to stop the Russia-led natural gas pipeline project.
A significant cooldown has arrived, with the jet stream from Canada plunging this weekend, which will allow the eastern United States to experience its first taste of fall for much of next week.
Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The two emirates this year issued debt for the first time in years. So did Bahrain.
When oil prices crash, they issue debt to keep going until prices recover. This time, there is a problem. Nobody knows if prices will recover...
"I want the guys in the trading floors to be as jumpy as possible. I'm going to make sure whoever gambles on this market will be ouching like hell..."
Fuel in Venezuela is not only limited, but apparently it's so low in quality vehicles are suffering almost irreparable damage.
A $500-billion smart city. A $200-billion solar farm. Billions of dollars in investments in gas and petrochemicals. These were all facets of Saudi Arabia's Vision 2030 - perhaps the most ambitious economic diversification in the world.
With growth stocks getting pummeled, one would think that there is at least some rotation out of growth and into value sectors.
With growth stocks getting pummeled, one would think that there is at least some rotation out of growth and into value sectors. Alas, one would be wrong, because the core commodity behind so many "value" strategies, oil, is plunging even more than th
Merkel has defended NordStream as a necessity to secure adequate fossil fuel supplies, even as Germany and its European allies work toward a 'fossil fuel-free' future.
A legal battle over a shipload of gasoline held in southern Texas had ended with a court approval to sell it to Kolmar Americas for $2.75 million, which is less than half of its current market value.
Years of US support to Al-Qaeda and ISIS and efforts to effect regime change in the country have culminated in the theft of Syria's oil, but is that really America's coup de gras in Syria?
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the fall of Exxon Mobil as Exxon gets kicked off the DOW Jones Industrial Average after 92 years, replaced by Salesforce.
According to the Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP), attacks have returned to the Gulf of Mexico, a key floating storage hub where oil producers have been anchoring their excess inventories during the oil su
China continues to expand its influence in the Middle East through oil and infrastructure deals, and the latest deal with ADNOC is a great example of how Beijing looks to grow its presence in the offshore oil business.
The diverging performance of commodities amid the coronavirus crisis, Indian oil demand and iron ore's continued climb are explored in this week's selection of energy and raw material trends to watch. Plus, Henry Hub rallies, and UK coal generati
In retrospect, it's impressive that it lasted as long as it did.
US prosecutors will seek to put an end to Iran's oil deliveries to Venezuela, as they have filed a new suit to seize the contents on these tankers.
The coronavirus pandemic and the oil price collapse are accelerating the pace of bankruptcy filings in the U.S. shale patch this year.
China is building a buyer's group (or cartel) comprised of its major state oil companies. I'm frankly surprised that this wasn't already the case, since everything else is tightly controlled in China.
An interesting couple of posts from Southfront.org this week gives us some insight as to what's happening in international oil markets.
Gas mileage has been a kind of fetish object for the government lo these past 40-something years.
Global recovery from the coronavirus pandemic is proving patchy, and demands a close look at oil demand signals – the first stop in this week's roundup of energy and raw material trends.