Category: Oil News

Oil News and Analysis from varies commodity news media, we summarize all Oil news into a sitemap summary with link to related Oil News for the one who wanted to catch up Oil price change in timely manner.

Biden rejoins Paris climate accord, works to overturn Trump’s climate policies

Biden’s executive order recommitting the United States to the international struggle to slow global warming fulfilled a campaign promise and represented a stark repudiation of the “America First” approach of Trump, who officially withdrew the nation from the Paris agreement Nov. 4 after years of disparaging it.Biden also ordered federal agencies to review scores of climate and environmental policies enacted during the Trump years and, if possible, to...

Center Coast Brookfield MLP & Energy Infrastructure Fund to Redeem Outstanding Series a Mandator …

NEW YORK, Jan. 20, 2021 (GLOBE NEWSWIRE) — Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the “Fund”), a closed-end fund advised by Brookfield Public Securities Group LLC (“PSG”), today announced that on February 19, 2021 (the “Redemption Date”) it will redeem all of its outstanding Series A Mandatory Redeemable Preferred Shares (CUSIP No. 1514612#6), (“MRPS”).The Fund also announced the expansion of the portfolio management team.Redemption...

Birchcliff Energy Ltd. Announces 2021 Capital Program and Updated Five Year Plan

CALGARY, Alberta, Jan. 20, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its 2021 capital program and updated five year plan.“Our priorities over the next five years are to maximize free funds flow generation and strengthen our balance sheet. We believe this strategy will provide us with the most optionality to maximize long-term shareholder returns and take advantage of...

India’s oil imports at near 3-year high in Dec

NEW DELHI: India’s crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day (bpd) as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed. India’s year-end rush for crude supplies coincided with stronger demand from north Asian buyers during winter, boosting prices and an accelerating de-stocking of floating...

Oil Gains Ground On Stimulus Optimism

Oil Video 20.01.21. Oil Tries To Settle Above Multi-Month Highs WTI oil made an attempt to settle above multi-month highs at $53.90 as traders focused on Joe Biden’s stimulus plans. The market believes that Joe Biden will not face significant resistance against the $1.9 trillion stimulus package, and that the direct support to consumers will boost oil demand in the near term. Judging by the recent coronavirus data...

Oil Price Fundamental Daily Forecast – Steady to Higher Ahead of API Report

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher at the mid-session on Wednesday, underpinned by expectations that the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC output curbs, additional voluntary production cuts by Saudi Arabia in February and forecasts calling for a drop in U.S. crude inventories in this week’s government report. At 16:07...

Bank of America’s top oil and gas researcher explains why now is the time to invest in energy …

After a terrible 2020, oil and gas equities are set to soar, according to Bank of America's lead US oil and gas researcher.  Companies are leaner and focused on returns, and oil prices are notching up faster than most analysts had expected. Bank of America named 15 stocks to buy in a recent report, three of which are top picks.   Visit Business Insider's homepage for more stories. Most...

India’s December oil imports jump to highest level in three years

Crude oil imports in the world’s third-largest oil importer and consumer, India, surged in December 2020 to their highest in almost three years. India’s crude oil imports jumped by 29 percent in December 2020 compared to November and by 11.6 percent compared to December 2019, to more than 5 million barrels per day (bpd), according to the data obtained by Reuters.At the same time, provisional data from India’s...

Oil Rises On Hopes Of U.S. Stimulus, Crude Stocks Drawdown

MELBOURNE/SINGAPORE: Oil prices rose on Wednesday, building on solid gains overnight, thanks to a combination of a weaker dollar and expectations the incoming U.S. administration will deliver massive stimulus spending that would lift fuel demand and draw down crude stocks.U.S. West Texas Intermediate (WTI) crude futures climbed 41 cents, or 0.77%, to $53.39 a barrel at 0750 GMT, building on a 1.2% rise on Tuesday.Brent crude futures rose...

Oil Rises On Hopes Of U.S. Stimulus And Crude Stocks Drawdown

MELBOURNE/SINGAPORE: Oil prices rose on Wednesday, adding to solid gains overnight, on expectations the incoming U.S. administration will go ahead with massive stimulus spending that would boost fuel demand and draw down crude stocks.U.S. West Texas Intermediate (WTI) crude futures climbed 37 cents, or 0.7%, to $53.35 a barrel at 0427 GMT, building on a 1.2% rise on Tuesday.Brent crude futures rose 35 cents, or 0.6%, to $56.25...

Oil rise on hopes of U.S. stimulus, crude stocks drawdown

Article content continued“Markets are anticipating U.S. commercial crude inventories to fall for six weeks in a roll, underpinning oil prices,” said DailyFX strategist Margaret Yang.Six analysts polled by Reuters estimated, on average, that crude stocks fell by 300,000 barrels in the week to Jan. 15, but expect gasoline stockpiles rose by 3.0 million barrels. Distillate inventories, which include diesel, heating oil and jet fuel, were seen up by...

Oil extends gains on hopes of US stimulus and crude stocks drawdown

Business Oil prices rose in early trade on Wednesday, adding to solid gains overnight, on expectations the incoming U.S. administration will go ahead with massive stimulus spending that would boost fuel demand and draw down crude stocks. FILE PHOTO: An oil worker walks toward a drill rig after placing ground monitoring equipment in the vicinity of the underground horizontal drill in Loving County, Texas, U.S., November 22, 2019....
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