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Whats Affecting Oil Prices This Week? (Dec. 28, 2020)

2020-12-28 19:05:00| OGI

Oil rebounded from lows that were seen on Dec. 22 following another round of support including a drawdown in U.S. stock levels and a coronavirus aid package, Stratas Advisors says in its latest oil price forecast.

Tags: week dec prices oil

 

Oil Rises to Hit $52 after Trump Signs Coronavirus Aid Package

2020-12-28 15:15:00| OGI

Oil remains vulnerable to any further setbacks in efforts to control the virus, said Stephen Innes, chief global market strategist at Axi, in a note.

Tags: hit package oil aid

 
 

Russia Sees Up to 6 Million Barrels Per Day in Additional Oil Demand for 2021

2020-12-28 15:10:00| OGI

Russian Deputy Prime Minister Alexander Novak said that if global oil demand recovers faster than expected, the time frame of the OPEC+ agreement to curb oil production could be adjusted.

Tags: day additional million oil

 

PATH FORWARD Recap: Memorable Year for Oil and Gas

2020-12-28 11:30:00| OGI

Today Hart Energy is highlighting a batch of interviews from the past year featuring oil and gas industry icons such as shale pioneer Harold Hamm and Halliburton CEO Jeff Miller plus experts Tom Petrie and Daniel Yergin that our editors think are worth another look.

Tags: year forward path gas

 

Chinas US Oil Imports Near Record, Saudi Imports up 43%

2020-12-28 11:15:00| OGI

China's crude oil imports from the U.S. soared 13 fold in November from a year earlier to the third highest on record as companies accelerated energy purchases set out under a trade deal with Washington.

Tags: up record oil saudi

 

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