Analysis
2021, February, 5, 12:45:00
OIL PRICE: NEAR $59 YET
Brent climbed 28 cents, or 0.5%, to $59.12 a barrel. WTI were up 29 cents, or 0.5%, to $56.52 a barrel.
2021, February, 5, 12:40:00
OIL REMAINS THE FUEL
Petroleum remains the most-consumed fuel in the United States, as energy-related carbon dioxide emissions dip through 2035 before climbing in later years.
2021, February, 5, 12:35:00
INDIA OIL DEMAND WILL UP
"India's peak oil demand will be much later than what many analysts predict. So we will be seeing handsome demand numbers going into 2030s and 2040s, if not 2050s,"
2021, February, 5, 12:30:00
CHINA OIL PRODUCTION WILL UP
CNOOC targeted to produce 590 million-600 million boe of oil and gas in 2022 and 640 million-650 million boe in 2023, representing above 8% annual growth,
2021, February, 5, 12:25:00
GLOBAL INDEXES UP ANEW
On Wall Street, each of major indexes rose more than 1% on Thursday, with the Nasdaq Composite Index and S&P 500 setting record highs.
2021, February, 5, 12:10:00
NOV VARCO NET LOSS $2.5 BLN
NOV Inc. (NYSE: NOV) today reported fourth quarter 2020 revenues of $1.33 billion, a decrease of four percent compared to the third quarter of 2020 and a decrease of 42 percent compared to the fourth quarter of 2019.
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.
