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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 tightness later this year,” Norbert Rücker, an analyst at Swiss bank Julius Baer, told Reuters.  ...

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 major hiked its dividend for the first quarter, following a sharp cut last year. “We are coming ou...

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 rapidly after hitting a low point in April 2020, but demand was stagnant and even contracted slightly in...

The latest victim of the pandemic is the Super Bowl.