Kimmeridge Energy Management Co. said it’s prepared to nominate directors to the board of Ovintiv Inc. if the oil and gas producer fails to take the necessary steps to improve its performance and restore investor confidence.
The global oil demand will recover in 2021 but risks exist as well, Russian’s Deputy Prime Minister Alexander Novak told reporters on Thursday on the sidelines of the Gaidar Forum.
Oil product inventories at the Port of Fujairah dropped for a fourth consecutive week, the longest stretch since the record slide in October 2020, as middle distillates slumped to an 11-week low and heavy distillates declined for the first time in three weeks.
The oil supply by non-OPEC countries may grow by 0.8 mln barrels daily in 2021, the Organization of Petroleum Exporting Countries (OPEC) says in its January report.
Oil supply by non-OPEC countries may grow by 0.8 mln barrels daily in 2021 after a decline of 2.5 mln barrels per day in 2020.
On 6 May 2017, The Economist newsweekly published an article that inserted itself into the zeitgeist like nothing that venerable publication had ever published before.
The Intercontinental Exchange has received regulatory approvals from several jurisdictions, including the Bank of England and the Monetary Authority of Singapore, to support its launch of a Murban futures contract on an Abu Dhabi-based exchange, an official said Jan. 13.
OIL prices were higher on Wednesday, with US crude gaining for the seventh straight day, after industry data showed a bigger-than-expected drop in inventories and investors shrugged off rising new deaths and infections in the pandemic.
Oil prices fell on Wednesday, pulling back from recent gains, on concerns that rising global Covid-19 will hamper global fuel demand.
Risavika LNG front month reached 30.12 EUR/MWh.