By ZeroHedge – Oct Oct 08, 2020, 5:00 pm CDT Crude prices rose on Thursday, while OPEC said on Thursday that oil was “the worst” for the market. The next month’s crude contract rose 3.08% to 15.09 ET.241.22 following optimistic comments. Secretary-General Mohamed Barkindo said OPEC would continue to manage …
Read More »
Russia’s 100% compliance with OPEC + production cut quotas, according to Alexander Novak, who spoke to Rossiya-24 television on Wednesday, Russian news agency Tass reported. “We are at a high level. In July, we completed 97% of our level. This is a high figure for us. We reached 100% in …
Read More »
The Trump administration is looking into the possibility of extending the lengths of tiebacks in the Gulf of Mexico to allow operators to connect more wells to existing oil and gas platforms, the director of the Bureau of Safety and Environmental Enforcement (BSEE) , Scott Angelle, told Reuters. The BSEE …
Read More »
Oil trade has been on the decline these past few weeks as conflict data pulls prices in different directions. But, according to some, a correction may be underway. Reuters’ John Kemp noted in its weekly column on fund trading that market movers last week were relatively indifferent to oil futures, …
Read More »
Traders continue to worry about the growing number of COVID-19 cases in many parts of the world, including the United States, India and Brazil. The rise in infections in August still has a negative impact on global oil demand. Last week, India reported its fifth consecutive y / y decline …
Read More »