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Petroecuador Declares Force Majeure in Another Four Oil Blocks

Petroecuador Declares Force Majeure in Another Four Oil Blocks

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Supply Disruptions Drive Bullish Sentiment In Oil Markets

Oil markets are suffering from supply disruptions on all fronts as oil demand growth shows no signs of slowing despite high prices

Ecuador , Norway , Doha , Ad-daw-ah , Qatar , Whitecap , Saskatchewan , Canada , Freeport , Nova-scotia , United-states , Es-sider

Oil Prices Bounce Back On Bullish News

While climbing Omicron cases have sparked fear of demand destruction, supply issues in Libya and falling U.S. oil inventories pushed prices higher

Norway , Arkansas , United-states , Qatar , Japan , Glasgow , Glasgow-city , United-kingdom , Angola , Russia , Oman , Germany

OPEC Confident About Oil Demand Despite Omicron Cases

While the IEA believes Omicron will dent global oil demand, OPEC remains confident that demand will continue to bounce back strongly from its pandemic lows

Norway , Louisiana , United-states , Vaca-muerta , San-juan , Argentina , Australia , Mongolia , Texas , Napo , Ecuador , Rio-tinto

The End Of A Remarkable Rally In Energy Prices

The prices of oil, coal, and natural gas are all on course to post a weekly loss as bearish factors loom on the horizon for energy markets

Netherlands , Norway , Japan , United-kingdom , Brumadinho , Bahia , Brazil , Iran , Beijing , China , Neptun , Tatarstan

Bearish Sentiment Begins To Take Hold In Oil Markets

Bearish Sentiment Begins To Take Hold In Oil Markets
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

Australia , Niger , United-kingdom , Washington , United-states , China , Kitimat , British-columbia , Canada , Russia , Germany , Sudair

Stemming the Insurrection in Mozambique's Cabo Delgado

Deadly conflict in Mozambique’s ruby- and natural gas-rich northernmost coastal province feeds on a mix of colonial-era tensions, inequality and Islamist militancy. To tame the insurrection, Maputo needs to use force, with bespoke assistance from outside partners, and to carefully address underlying grievances.

Mozambique , Tanzania , Cabo-delgado , Somalia , Namacande , South-africa , Yemen , Praia , Cape-verde-general , Cape-verde , Pemba , Kenya

Freeze Slams Texas; Power Could Be Out for Days

Freeze Slams Texas; Power Could Be Out for Days
The deep freeze that has forced the shutdown of U.S. refineries, oil wells and meat plants, disrupted shipments of soybeans and corn, and is still leaving more than 3 million customers without electricity could continue to keep parts of Texas in the dark for several days.
To prevent the collapse of their networks, suppliers from North Dakota to Texas implemented rolling power cuts for a second consecutive day. The operator of the Texas electric grid no longer expects all service to be restored in the state by Tuesday night, saying it could take days for enough power plants to be up and running. Utility CenterPoint Energy Inc. also warned residents blackouts may last for several more days

New-york , United-states , Arkansas , Louisiana , Illinois-river , Oklahoma , Eagle-ford , Texas , United-kingdom , Missouri , Kentucky , Port-neches

Texas Grid Official Expects Power Back Tonight: Energy Update

Blackouts Likely to Continue as Power Supplies Stay Low (7:20 a.m.)
The need for rolling blackouts to control demand on the Texas power network is likely to continue as data shows little sign of improvement in available power supply. Load on the system remains at suppressed levels indicating that restrictions are still in place.
Oil Prices Hold Above $60 as Crisis Spurs Rush for Fuels (4:30 a.m.)
West Texas Intermediate futures held onto gains accumulated this week trading above $60 a barrel while Brent rose for a third day. U.S. gas futures traded near the highest for three months and contracts in Europe surged.

New-york , United-states , Arkansas , Louisiana , Illinois-river , Oklahoma , Eagle-ford , Texas , United-kingdom , Missouri , Kentucky , Port-neches

Freeze Could Keep Texans in the Dark for Days: Energy Update

Freeze Could Keep Texans in the Dark for Days: Energy Update
Bloomberg
2/17/2021
Joe Carroll and Naureen S. Malik
(Bloomberg) -- The deep freeze that has forced the shutdown of U.S. refineries, oil wells and meat plants, disrupted shipments of soybeans and corn, and is still leaving more than 3 million customers without electricity could continue to keep parts of Texas in the dark for several days.
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Operators have been slow to get power generation back online and data showing the availability of generation has little signs of improvement. Without any additional supply, rolling blackouts are likely to be needed Wednesday to prevent the total collapse of the network. On Tuesday, the blackouts spread to North Dakota, Arkansas, Louisiana and Mississippi.

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