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

OIL Alaska By The Numbers – November 2020:   North Slope Renaissance Return?Ed King, King Economics, December 1, 2020 The North Slope oil production outlook has improved A rising oil price and more certainty around Alaska’s oil tax system has already improved the outlook for North Slope production. ConocoPhillips recently announced that it will resume drilling operations this winter. Going from … read more