15 hours U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels 17 hours Big Oil’s Reserves Have Dropped By 25% Since 2015 21 hours Russia Raids Home Of Journalist For Investigating Prominent Oil CEO 23 hours Aramco To Sell Pipeline Stake To EIG For $12 Billion 1 day Uganda, Tanzania Seal $3.5-Bln Oil Pipeline Deal 4 days North Dakota Oil Pipeline Prevails Over Environmentalists 4 days Iran Says It Will Return To Nuclear Compliance After U.S. Lifts Oil Sanctions 4 days China Sets World Record For Deep-Sea Drilling In Disputed South China Sea 4 days Total’s $5-Billion Uganda Project Set For Imminent Go-Ahead 4 days Democrats Propose $8 Billion Bill To Clean Up Abandoned Wells
2 hours China s Refiners Are An Existential Threat To Regional Competitors 3 hours Google, Samsung, BMW And Volvo Support Ban On Deep-sea Mining 5 hours MBS: Aramco And SABIC To Lead $1.3 Trillion Investment Push 23 hours India Unlikely To Commit To Net-Zero Emissions Target 23 hours Oil Prices Under Pressure As API Reports Inventory Build 24 hours China’s Coal Power Generation Jumps As Electricity Demand Soars 1 day VW’s Secret Plan To Change To EV-Friendly Name 1 day OPEC+ Excess Oil Production Rises To 3 Million Bpd 1 day U.S. Gasoline Prices Rose For 17 Straight Weeks As Oil Rallied 2 days Iran’s Only Operational Nuclear Power Plant Risks Shutdown
2 hours China s Refiners Are An Existential Threat To Regional Competitors 3 hours Google, Samsung, BMW And Volvo Support Ban On Deep-sea Mining 5 hours MBS: Aramco And SABIC To Lead $1.3 Trillion Investment Push 23 hours India Unlikely To Commit To Net-Zero Emissions Target 23 hours Oil Prices Under Pressure As API Reports Inventory Build 24 hours China’s Coal Power Generation Jumps As Electricity Demand Soars 1 day VW’s Secret Plan To Change To EV-Friendly Name 1 day OPEC+ Excess Oil Production Rises To 3 Million Bpd 1 day U.S. Gasoline Prices Rose For 17 Straight Weeks As Oil Rallied 2 days Iran’s Only Operational Nuclear Power Plant Risks Shutdown
7 hours Smaller Oil Tanker Rates Recover After OPEC+ Agrees To Ease Cuts 8 hours U.S. LNG Exports Fall From Record Highs 12 hours Oman s State-owned Oil Company QQ Mulls IPO 13 hours Biden’s Plan Looks To Eliminate $35 Billion Fossil Fuel Subsidies 14 hours M&A In U.S. Oil And Gas To Hit $3.4 Billion In Q1 2021 15 hours U.S. Shale Giant Thanks OPEC+ For ‘Brilliant’ Market Rebalancing Efforts 1 day China Started More Coal Plants Than The Entire World Retired In 2020 1 day China s Official Oil Imports Drop As It Buys More Iranian Crude 1 day U.S. Jobs In Nuclear And Oil Sectors Pay More Than Renewables
Wholesale Sales Improved and Inventories Unchanged (SPY +0.6%). ECRI s WLI Growth Rate Continues To Improve. Oil, Gas Rigs Increase For Seventh Straight Week.
The Market in Perspective
Here are the headlines moving the markets.
Norways Oil Lobby Criticizes Government Plan To Triple Carbon Tax The Norwegian Oil and Gas Association, the powerful oil lobby in Western Europes largest oil producer, criticized on Friday the Governments plan to more than triple carbon taxes, saying such a steep increase would raise the costs of oil production and reduce Norways competitiveness. The Norwegian Government unveiled on Friday a comprehensive climate action plan for emission reductions by 2030. For the first time, a government is putting forward a compelling, comprehensive plan for cutting emissions in every sector.