OIL OPEC+ does enough to lift the oil market for nowBen Geman, Axios, December 4, 2020 Crude prices are trading at nine-month highs after a protracted OPEC+ meeting ended with plans to just slightly boost output and fresh signs emerged of a potential Beltway deal on new stimulus. Driving the news: OPEC+ yesterday avoided a breakdown that would have led … read more

Sign up to receive our daily emails!   OIL Chevron cuts capital spend plans, prioritizing U.S. oil playsSimon Casey, World Oil, December 3, 2020 Chevron followed arch-rival Exxon Mobil in cutting its long-term capital spending plans, responding to this year’s slump in oil and expectations that prices won’t rebound any time soon. The company said Thursday in a statement that … read more

OIL The oil industry narrowly avoided an election disaster. Now it’s showing signs of lifeMatt Egan, CNN Business, December 1, 2020 The gloom-and-doom dominating the oil industry is finally starting to ease just a bit. Oil prices are showing signs of life, rebounding from their unprecedented dip below zero this spring. Coronavirus vaccine breakthroughs are sparking hope for a return … read more