Analysis
2021, February, 4, 16:45:00
OIL PRICE: NEAR $59
Brent gained 25 cents, or 0.43%, to $58.71 a barrel. WTI climbed 31 cents, or 0.56%, to $56 a barrel.
2021, February, 4, 16:30:00
U.S. OIL INVENTORIES DOWN 1.0 MB TO 475.7 MB
U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.
2021, February, 4, 16:10:00
SHELL LOSS $21.7 BLN
Income attributable to Royal Dutch Shell plc shareholders amounted to a loss of $4.0 billion for the fourth quarter 2020,
2021, February, 3, 13:00:00
OIL PRICE: NEAR $58
Brent were up 48 cents, or 0.8%, to $57.94 a barrel. WTI were up 48 cents, or 0.8%, to $57.94 a barrel.
2021, February, 3, 12:35:00
DIET FOR ENERGY BEAST
The hydrocarbon beast doesn’t need to be starved, but a diet might be a good idea.
2021, February, 3, 12:30:00
U.S. WIND GENERATION RECORD
Wind-powered electricity has increased in the United States as more wind turbines have been installed in recent years.
2021, February, 3, 12:00:00
CONOCOPHILLIPS LOSS $0.8 BLN
ConocoPhillips (NYSE: COP) reported a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share, compared with fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share.
2021, February, 2, 12:20:00
OIL PRICE: NOT BELOW $56
Brent was up 48 cents, or 0.9%, at $56.83 a barrel. WTI gained 52 cents, or 1%, to $54.07.
2021, February, 2, 12:05:00
U.S. LNG GROWTH FOR CHINA
December was the first time China had been the top monthly US destination since deliveries resumed in April 2020 following a 13-month pause due to tariffs.
2021, February, 2, 11:50:00
GREEN HYDROGEN STRATEGIES
In most locations, however, green hydrogen is still two to three times more expensive than blue hydrogen.
2021, February, 2, 11:35:00
CHEVRON NET LOSS $5.5 BLN
Chevron Corporation (NYSE: CVX) today reported a loss of $665 million ($(0.33) per share - diluted) for fourth quarter 2020,
2021, February, 2, 11:30:00
BP LOSS $20 BLN
At year end net debt was $39 billion, down $1.4 billion over the quarter and $6.5 billion over the full year.
2021, February, 1, 12:25:00
OIL PRICE: NOT BELOW $55
Brent were up 53 cents, or 1%, at $55.57 a barrel. WTI gained 41 cents, or 0.8%, to $52.61.
2021, February, 1, 12:20:00
U.S. GAS PRODUCTION DOWN
The preliminary level for dry natural gas production in November 2020 was 2,757 billion cubic feet (Bcf), or 91.9 Bcf/d. This level was 4.8 Bcf/d (-5.0%) lower than the November 2019 level of 96.7 Bcf/d.
2021, February, 1, 11:45:00
U.S. RIGS UP 6 TO 384
U.S. Rig Count is up 6 from last week to 384, Canada Rig Count is up 2 from last week to 174.