Pre-Pandemic Oil Output

Crude oil production has picked up again as we approach pre-pandemic levels. Refineries continue to see an increase in demand across Asia, Europe and the US. Unfortunately, natural gas prices simultaneously continue to increase leaving some concern for Q4 and how much it will affect supply.

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OPEC Plus “Cuts” Deal to Boost Supply

OPEC Plus “Cuts” Deal to Boost Supply OPEC and its “plus” allies have reached another covid-induced agreement, but this time it will not be more production cuts. For the second time since the covid pandemic began, the OPEC plus members will be reversing the reductions and beginning to increase production. The increases are scheduled over […]

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Private Oil Companies Snatch Up Big Oil’s Assets

As many of the global oil majors seek to transition to “global power majors,” many smaller oil companies are happy to gobble up the fossil fuel assets.  The large oil companies sell assets to pay down debt and lower their carbon footprint, but the smaller companies are betting that these higher polluting projects are going […]

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All Eyes on OPEC+

Now that the Ever Given has been dislodged from the Suez Canal, the oil market can look forward to the OPEC+ meeting on Thursday and the outlook for possible resurgences of COVID-19 to determine future price direction.

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Will big oil achieve record cash flow?

Following a brutal year for their balance sheets, the world’s biggest oil companies are anticipating a windfall of cash flow this year. Prices have rallied significantly over the past month or so, and the massive cost-cutting from last year positions some of the biggest International Oil Companies (IOCs) to reap the benefits of high crude […]

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Saudi’s Want to Increase Oil Production?

After 2020’s unpredicted decline in oil prices and subsequent response by OPEC+ to cut oil production as means to buoy oil prices, the world’s largest exporter Saudi Arabia, plans to reverse its position and increase its production in the coming months. This comes as WTI oil prices have traded to as low as negative $40/barrel […]

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