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Whats Affecting Oil Prices This Week? (March 8, 2021)

2021-03-08 19:00:00| OGI

The oil markets reacted strongly to the news coming out of the recent OPEC+ meeting, says Stratas Advisors in its latest oil price forecast noting several more bullish signs that will continue to have an impact on oil prices for the week ahead.

Tags: week march prices oil

 

Yemens Houthis Attack Saudi Oil Heartland with Drones, Missiles

2021-03-08 11:15:00| OGI

The attacks on Saudi Arabia by Yemens Houthi forces drove Brent crude oil prices above $70/bbl to their highest since January 2020, while WTI crude futures in the U.S. touched their loftiest since October 2018.

Tags: oil attack saudi heartland

 
 

From Oil and Gas Investor Editor-in-Chief: The Denial of the Euro Majors

2021-03-08 10:00:00| OGI

Shell joins fellow Euro majors in messagingand capitalizinghuge green energy business redirections. By their urgent actions, you would think these majors wholeheartedly believe oil and gas demand is fading to zero fast. But is it?

Tags: the euro gas oil

 

Saudi Oil Minister: Drill, Baby, Drill Gone Forever for US Shale

2021-03-05 21:35:00| OGI

Saudi Arabias energy minister, Prince Abdulaziz bin Salman, took aim at U.S. shale producers following the OPEC+ meeting on March 4, saying: Drill, baby, drill is gone forever.

Tags: us baby oil minister

 

US Oil, Gas Rig Count Inches Up as Crude Prices Rise

2021-03-05 19:20:14| OGI

Oil rigs rose one to 310 this week, their highest since May, while gas rigs were unchanged at 92.

Tags: prices count gas oil

 

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