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      19-5-21 - The IEA’s Latest Proposal Is Both Reckless And Impossible
      The International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its new report “Net Zero in 2050”, the energy agency calls for no new investments in oil- and gas-related projects. Read more
      13-5-21 - IEA: The Global Oil Glut Is Gone
      The excess oil inventories of the past year have been all but depleted, and a strong demand rebound in the second half this year could lead to even steeper stock draws, the International Energy Agency (IEA) said on Wednesday, keeping an upbeat forecast of global oil demand despite the weaker-than-expected first half of 2021.
      Oil prices rose after the release of the IEA’s closely-watched Oil Market Report, with WTI Crude trading at above $66 a barrel and Brent Crude surpassing the $69 per barrel mark as of 7:49 a.m. EDT.
      Prices jumped even though the agency revised down its full-year 2021 oil demand growth forecast by 270,000 barrels per day (bpd) from last month’s assessment, expecting now demand to rise by 5.4 million bpd. The downward revision was due to weaker consumption in Europe and North America in the first quarter and expectations of 630,000 bpd lower demand in the second quarter due to India’s COVID crisis.
      However, the upbeat outlook for the second half of the year remains unchanged, as vaccination campaigns expand and the pandemic largely comes under control, the IEA said.
      Moreover, the global oil glut that was hanging over the market for more than a year is now gone, the agency said.
      “After nearly a year of robust supply restraint from OPEC+, bloated world oil inventories that built up during last year’s Covid-19 demand shock have returned to more normal levels,” the IEA said in its report. Read more
      19-4-21 - Oil Demand Predicted to Jump 6 Percent in 2021
      Rystad Energy has revealed that its latest forecast projects a six percent year on year increase in oil demand in 2021.
      The company sees demand rising to an average of 95.4 million barrels per day (MMbpd) this year, from 89.6MMbpd in 2020. April 2021 demand is expected to hit 93 MMbpd, with 94 MMbpd projected in May and 95.8 MMbpd forecasted for June.
      Total oil demand in the third quarter is expected to average 96.8 MMbpd before rising to 98.3 MMbpd in the fourth quarter. Looking further ahead to 2022, Rystad said its estimates show that total oil demand next year will continue to rise, reaching about 99.4 MMbpd. Read more
      13-4-21 - Oil Prices Get Bump from OPEC Demand Optimism
      (Bloomberg) -- Oil closed at the highest in over a week after OPEC boosted its expectation for this year’s demand recovery, while signs continue to emerge of rising fuel consumption in parts of the world.
      Futures rose 0.8% in New York on Tuesday, settling above $60 a barrel for the first time since early April. OPEC raised its forecast for oil consumption by 190,000 barrels a day for 2021, though lowered its outlook for the second quarter.
      Traders are also watching for signs of a robust demand rebound in the U.S., the world’s top oil-consuming country. In New York City, toll bridges and tunnels are on pace for the busiest April in at least seven years. At the same time, inflation data showed the biggest increase since 2012 as signs of an economic rebound grow.
      “There’s going to be tremendous pent-up demand for crude,” said Edward Moya, senior market analyst at Oanda Corp. “There are some areas that are seeing cases trend higher, but the restrictions are going to be short-lived as vaccines get distributed.”
      Despite early signs that travel demand is starting to materialize, prices have yet to break out of the narrow trading range they’ve been stuck in since mid-March. A measure of market volatility slumped to the lowest since February for West Texas Intermediate futures, while aggregate trading volume in the benchmark remained below its 15-day moving average for a seventh straight session.
      The market is still contending with spreading near-term demand concerns because of the resurgence of the virus. A flare-up of Covid-19 cases is leading to renewed restrictions in countries like India, where streets are emptying again as the nation tackles a new wave of infections. Meanwhile, U.S. health officials called for an immediate pause in use of Johnson & Johnson’s single-dose Covid-19 vaccine on worries over a rare and severe form of blood clotting.
      “For things to open back up just like they normally were, it’s going to take some time,” said Tariq Zahir, managing member of the global macro program at Tyche Capital Advisors LLC. “The biggest issue going forward is getting as many people vaccinated as possible.”
      Prices• West Texas Intermediate for May delivery added 48 cents to $60.18 a barrel, the largest daily gain in a week• Brent for June settlement rose 39 cents to $63.67 a barrel
      The Organization of Petroleum Exporting Countries and it allies will be returning about 2 million barrels a day of output from May to July. More than half of the increase will be provided by OPEC’s de facto leader, Saudi Arabia, which has been making extra cutbacks to help clear the lingering glut. Rising demand means stockpiles should continue to diminish, the group indicated in a monthly report on Tuesday.
      But rising output elsewhere could complicate the balance. Crude production next month in the Permian Basin, the most prolific U.S. shale patch, is expected to reach levels not seen since the start of the pandemic.
      Meanwhile, U.S. crude stockpiles are expected to have fallen last week, according to a Bloomberg survey. The industry-funded American Petroleum Institute will report its figures later Tuesday ahead of the U.S. government’s weekly storage figures on Wednesday.
      source: --With assistance from Alex Longley and Jack Wittels. Link
      © 2021 Bloomberg L.P.

      2-3-21Argus Live: Crude prices could surge to $80/bl in 2021
      1-25-21Goldman Sachs: Biden’s Federal Land Drilling Ban Is Bullish For Oil.
      1-13-21Texas Governments Collect $13.9B from Oil and Gas Industry
      "Comment to this article"The oil industry will not disappear, even though everyone is talking about green transition .... oil will be here for many decades to come, something must pay for the green transition, we do not assume the people want higher taxes ... :) and the money must after all, come from somewhere. we know no one who has a money tree you just shake every month to the 1st of the month and wupti then all the bills are paid. not going to happen
      So there are still plenty of good investment opportunities in the oil industry, but must have the right contacts .... :)


      12-3-20Big Oil Is Shedding Assets To Focus On Key Projects
      "Comment to this article"There will be a bill when the economies get going again and the big backlog comes with all the reserves that will remain in the ground due to the low oil prices we have had for some years now, along with the global pandemic. Many people think the green transition is just around the corner, but they do not think about all the things that oil influences in our daily lives in addition to fuel etc. oil is going to be an important part of all life, many decades ahead..and prices are going to be significantly higher if only we look 5 years ahead, we are convinced of that..So investing in oil wells at the moment is probably not such a bad idea, even if you want to think green in its entirety, which we also think is perfectly fine, we must take care of what we have, but therefore you should not say no to a good business opportunity unless you are also ready to say no thanks to all those things and we mean all the things that oil contributes to in our daily lives, otherwise it is a bit double moral.


      https://oilprice.com/Energy/Energy-General/Big-Oil-Is-Shedding-Assets-To-Focus-On-Key-Projects.html # #financeandeconomy #oilgas #energy #oil #investing #business #opportunity #success #growth 
      11-17-20A Major Oil Rally Could Be On The Horizon
      10-28-20Saudi Aramco: Oil Demand Too Weak To Ease OPEC+ Output Cuts
      10-12-2Could Big Oil’s Shift To Renewables Be Good For Prices?
      10-2-20Texas Taxpayers Face $117 Billion Bill For Orphaned Oil Wells
      9-28-20The Unintended Consequences Of Fossil Fuel Divestment
      9-2-20Oil Prices Could Rise To $65
      8-31-20Fossil Fuels Are Here To Stay
      6-8-20Exxon: 20 Percent Of Global Oil And Gas Reserves May Be Wiped Out..read more
      6-15-20The U.S. Has Already Lost More Than 100,000 Oil And Gas Jobs
      6-6-20Oil Market Heading For Months Of Deficit
      5-24-20Oil & Gas Decommissioning To Total $42 Billion Through 2024
      5-15-20A US regulator said oil traders should prepare for negative prices again as soon as next week
      5-11-20Global oil production shut-in in Q2 to be largest in history
      5-6-20This Could Be The Beginning Of A Tremendous Oil Rally
      5-5-20Oil Jumps On Expectations Of Slowing Inventory Builds
      5-1-20It´s not without risk shutting in wells - Learn more
      4-28-20World’s Largest Oil Fund Is Once Again Crashing Crude Markets
      4-27-20Could Low Oil Prices Spark A New War In The Middle East?By Haley Zaremba - Apr 26, 2020, 2:00 PM CDT
      4-14-20Texas Oil Regulators Could Mandate 20% Output Cuts
      4-10-20U.S. banks prepare to seize energy assets as shale boom goes bust.
      Our notes to this: With the intention of selling these assets at spot prices as long as they cover their outstanding, banks have no interest in owning these oil reserves. This is not their business, these assets from the shale industry will be sold to a few multi national companies and they will be sitting on huge oil and gas reserves, giving them huge amount of power to carry out their business order with politicians who makes the laws and regulations when the time suits the companies.
      It will never be a good thing to gather so much power in a few hands, it will make things even more difficult for the smaller oil and operator companies who are fighting a battle every single day to make ends meet so everyone can make money and keep their jobs.
      The vultures have caught sight of that prey and are now only waiting to strike, it will be a tough time ahead
      We have no plans to throw the towel in the ring so everyone, hold on even though it is mega tough and will be for a while in the future ... we do this for our investors and our joint business namely oil and gas production in the US
      Happy Easter Holidays
      EnerGyne Resources
      4-7-20This Emerging Producer Could Be Crucial To The Largest Oil Deal In History
      3-31-20Relentless Oil Price War To Cause Huge Number Of Well Shut-Ins
      "As we say....leave in the the ground or tanks, if does not give you money in the BANK, market will rebound to 40-50 with in a short time, when OPEC+, Russia and the US shale sit down to discuss a fair market place for oil to trade, so we dont have these huge price jumps up and down not good for anyone in the long run..
      To ALL Hang in there...:), this is just another BUMP on the road"

      7-2-20Peak Shale Will Send Oil Prices Sky High
      15-1-20Is Iran Preparing To Send Oil Back To $100?
      3-1-20Oil Soars Following U.S. Killing Of Iran’s Top General
      29-12-19The Next Ten Years In Oil Markets
      7-12-19Why The OPEC+ Pledge Is More Bullish Than It Seems
      6-12-19OPEC+ Agrees To Deeper Output Cuts
      29-11-19Powering The $1 Trillion Black Friday Shopping Spree
      25-11-19Most Energy Will Come From Fossil Fuels, Even In 2040
      14-11-19The World’s Most Vulnerable Oil
      7-11-19China, U.S. Agree to Phased Tariff Rollback as Deal Progresses
      4-11-19Is It Time To Worry About Peak Oil Demand?
      24-10-19Goldman: A Major Oil Price Rally Is On The Horizon
      23-10-19OPEC Forced To Consider Production Cuts As Bearish Pressure Mounts
      4-10-19Oil Discoveries Hit 70-Year Low
      1-10-19$300 Oil: What If The Attacks In Saudi Arabia Had Destroyed Production?
      23-9-19Oil Markets Are One Outage Away From Crisis
      20-9-19‘’Catastrophic Flooding’’ Threatens Heart Of Texas Oil Industry
      16-9-19Oil Price Explosion – Brent Crude Jumps 20%
      11-9-19Oil Markets Face Serious Risk Of New Supply Crunch
      10-9-19Oil Rises On Saudi Shakeup
      6-9-19Oil Markets Bounce On Bullish Hopes
      29-8-19Tighter Inventories Give Oil Markets Hope
      28-8-19Colossal Crude Oil Inventory Draw Carries Prices Higher
      19-8-19Saudi Arabia’s Newest Strategy To Send Oil Prices Higher
      14-9-19Trade War Turnaround Sends Oil Soaring