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Venezuela
Magnolia Oil & Gas Corp. to Host Earnings Call
BloombergLucid SPAC Gives Up Some of Giant Gain After Pact Confirmed(Bloomberg) -- Shares of the blank-check firm combining with electric-vehicle startup Lucid Motors Inc. plunged in U.S. trading after confirming the biggest SPAC merger…
Why oil is expensive in India, and what the government could do
India: Why oil is so expensive and what could be done
India is the world's third-largest oil market and depends heavily on crude oil to fuel its dreams and development. India consumes nearly 211.6 million tonnes of…
Venezuela Oil Union Leader Accuses Maduro Of Persecution | OilPrice.com
A senior Venezuelan oil workers' union has accused the government of political persecution, the AFP reports, citing an interview with the official who has meanwhile left Venezuela."The idea is to neutralize the oil union…
Venezuela proposes deals allowing private companies to operate oil fields
By Luc Cohen, Corina Pons(Reuters) - Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned PDVSA while pocketing part of the proceeds,…
Venezuela’s oil industry expected to deteriorate further
Venezuela’s oil industry will likely continue to deteriorate in 2021, with the country’s roughly 300 billion barrels of crude in reserves left largely untapped even if oil prices move higher, according to industry sources. Venezuelan…
Oil Dips on Demand Pessimism
(Bloomberg) -- Oil dipped toward $53 a barrel as pessimism over the short-term demand outlook in the world’s two largest economies was partially offset by more weakness in the dollar. Futures in New York…
Iraq Slashes 2021 Oil Exports To India To Meet OPEC+ Quota | OilPrice.com
OPEC’s second-biggest oil producer, Iraq, has reduced its term supplies for 2021 to several major Indian refiners by 10-20 percent, industry sources told Reuters, some of them noting that the Iraqi move was totally…
Venezuela’s PDVSA boosts oil exports in Jan due to new clients -data
By Marianna Parraga, Mircely GuanipaFeb 2 (Reuters) - Venezuelan PDVSA’s growing pool of new customers helped the state oil company boost exports in January, but the increase was not enough to offset the cumulative effect of U.S.…
Valves for Oil and Gas Market Foraying into Emerging Economies 2027 – KSU |
A latest research report by ResearchMoz states that the Global Valves for Oil and Gas Market will grow at rapid pace and account for around XX Bn during the forecast period of 2021 to 2027. The report gives detailed data on the factors…
ANALYSIS: Major energy institutions downgrade oil demand outlooks amid
Major energy institutions are adopting a cautionary tone over oil demand in 2021, with the International Energy Agency and OPEC on Feb. 11 joining the US Energy Information Administration in trimming their recovery estimates. The IEA in…
Has This Record-Breaking Oil Rally Gone Too Far? | OilPrice.com
The Covid-19 pandemic has ravaged energy markets and decimated demand. Of the three fossil fuels, coal, natural gas, and oil, demand for the latter was affected most due to its importance for the transportation sector. With…
Last Oil Company Standing: President Biden’s Executive Actions Could Drive
WASHINGTON, DC - JANUARY 27: U.S. President Joe Biden speaks about climate change issues in the ... State Dining Room of the White House on January 27, 2021 in Washington, DC. President Biden signed several executive orders…
Oil soared on signs of faster rebalancing, global plateauing of COVID, and
Oil (WTI-Feb) made 13-months high (since Jan’20) around 59.81 mid-U.S. sessions, soared almost +2.70% on signs of faster rebalancing, global plateauing of COVID, and reflation. Also higher demand from China…
RPT-COLUMN-Oil refineries are not national security assets: Kemp
(Repeats Thursday’s column with no changes to the text. John Kemp is a Reuters market analyst. The views expressed are his own)LONDON, Feb 11 (Reuters) - National governments still tend to think about oil refineries as strategic assets…
RPT-COLUMN-Oil refineries are not national security assets: Kemp
(Repeats Thursday’s column with no changes to the text. John Kemp is a Reuters market analyst. The views expressed are his own)LONDON, Feb 11 (Reuters) - National governments still tend to think about oil refineries as strategic assets…
ANALYSIS: Oil’s recovery is too fast for its own good – ET EnergyWorld
By Julian LeeThe OPEC+ alliance of oil producers will face a big test of its cohesion in a few weeks’ time, when ministers meet to discuss the next step in their historic production deal aimed at rebalancing the world’s oil supply with…
Iran activates game plan for oil comeback in 2021 in test for Biden
London —
Emboldened by the change in US presidency, Iran is pushing more oil onto the market, even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand!-->!-->…
Venezuelan court orders trial for ex-oil minister three years after arrest
CARACAS, Feb 9 (Reuters) - A Venezuelan court ordered the trial of former Oil Minister Eulogio del Pino and four other officials to begin, more than three years after they were arrested on corruption allegations, the country's supreme…
US forces not protecting Syrian oil fields: Pentagon – ET EnergyWorld
Washington: US forces in Syria are focused on fighting the remnants of the Islamic State group and are not guarding oil fields as previously ordered by ex-president Donald Trump, a US defense official said Monday.Since a US firm…
Hedge funds bet on oil’s ‘big comeback’ after pandemic hobbles producers
By Maiya Keidan, Rod NickelTORONTO (Reuters) - Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.FILE PHOTO: The sun…