Page 25 - Tom Kool News Today

2 days Mozambique Says Total’s LNG Project Is Safe From Militants 2 days U.S. And Iran Set To Hold Indirect Talks On Nuclear Deal 2 days India Set To Review ‘Unfair’ Oil Import Contracts With Saudi Arabia 2 days EVs, Smart Appliances Pose Cybersecurity Risks 3 days Oil Demand Boosted By Highest Number Of Flights Since COVID Started 3 days Biden Administration Studies If EVs Can Enter Biofuel Cr...

In his annual letter to investors this weekend, Buffett said,

Friday, February 26th, 2021 Oil prices took a breather on Friday after Brent traded just above $67 on Thursday. While downside risks remain, banks are now openly talking about the possibility of $100 oil at some point. OPEC+ still has the power to send oil prices down, but very few analysts are staking out overly bearish outlooks.  Texas scrutinizes blackouts. 5 members of ERCOT, the grid manager in Texas blamed for the historic outages last week, resigned on Wednesday. A sixth withdrew his ap...

Oil prices have fallen back below $60 but remain at levels not seen since January 2020. In this weeks Global Energy Alert, our investing team breaks down the best way to trade the Texas freeze. Friday, February 19th, 2021 The Texas electricity crisis is easing, but the outages, damage, and human toll were historic. As of Friday morning, Texas grid operator ERCOT said that it would be emerging from “emergency conditions” later in the day. After a crazy week, WTI fell just a bit but held ont...

Analysts are divided over whether oil prices can continue to climb, with WTI nearing $60 and profit-taking having begun. With 2021 shaping up to be one of the most important years for the energy sector in modern history, there is no better time to become an Oilprice.com premium member. Friday, February 12th, 2021 Brent held above $61 per barrel in early trading on Friday, despite some headwinds from a slight strengthening of the dollar. Analysts are now split on whether or not the rally has go...

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-    A federal court rejected a bid from Indigenous tribes to halt the construction of Enbridge’s (NYSE: ENB) Line 3 pipeline. -     Tuesday, February 9, 2021  Brent topped $60 per barrel on Monday, hitting a fresh high. OPEC+ cuts combined with enhanced expectations of U.S. economic stimulus pushed crude oil up. The market continues to tighten. “Support seems robust and the narrative sees the oil market swiftly burning through the remaining crisis-surplus, potentially running into t...

Friday, 5 February, 2021 Brent is closing in on $60 per barrel for the first time since January 2020. Crude inventories in both China and the U.S. declined this week, offering more evidence of a tightening market. “The physical market is also looking increasingly tight,” said Eugen Weinberg, head of commodities research at Commerzbank AG. Shell profits drop, but boosts dividend. Royal Dutch Shell (NYSE: RDS.A) reported a $4.8 billion profit for 2020, down 71% from the year before. The oil ...

Premium Content Oil Prices Continue To Rise As Bullish News Mounts By Tom Kool - Feb 02, 2021, 2:00 PM CST Investor Alert! Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to get the full breakdown of what to watch... Chart of the Week -    Global oil demand fell to 92.2 mb/d in 2020, a 9% decline from the year before, according to a new EIA estimate. -    Demand rebounded rapi...

The latest victim of the pandemic is the Super Bowl.