Are Going Through The News Today : Breaking News, Live Updates & Top Stories | Vimarsana

WTI is back above $50 a barrel, and things are looking up for the battered U.S. oil industry. Yet, although the worst may be behind drillers, they still face a lot of difficulties, including the danger of more loan defaults. Fitch Ratings warned about the continued threat of defaults in a recent update, noting the oil and gas industry would this year again be the one with the most defaults, according to a report by the Financial Times. In light of the troubles plaguing other industries hit hard by the pandemic, such as air travel and real estate, this is saying something.

Iran has been waiting since former U.S. President, Donald Trump, unilaterally pulled his country out of the Joint Comprehensive Plan of Action (JCPOA) in May 2018 and then re-imposed sanctions on Iran, for him to leave office and then to try its hand against a perceived weaker Democrat opponent. In fact, according to John Bolton, the former U.S. National Security Advisor under Trump, it was former Secretary of State, John Kerry, who - in 2018, after the U.S. announced is withdrawal from the JCPOA - advised Iran to stay in the nuclear deal and just wait it out until Trump was no longer preside...

-     Royal Dutch Shell (NYSE: RDS.A) resumed LNG exports from its Prelude facility in Australia after a lengthy period of maintenance. Tuesday, January 12, 2021  Oil prices shot up to a 10-month high, posting further gains in the wake of the OPEC+ cuts, and edged a bit higher by a weaker dollar. Some analysts are starting to argue that the rally is getting a little overdone. WTI is above the 200-week moving average, and “it may soon top out,” according to Commerzbank.  LNG prices skyrocket. JKM prices for LNG in northeast Asia are shooting through the roof. Cold weather and higher d...