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
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
Stocks Grind Higher As Focus Turns From Capitol Chaos To Coming Stimulus (SPY +0.6%). Crude oil flow from Saudi Arabia to U.S. falls to zero.
Here is the current market situation from CNN Money
European markets are mixed today. The CAC 40 is up 1.19% while the DAX gains 0.36%. The FTSE 100 is off 0.63%.
What Is Moving the Markets
Here are the headlines moving the markets.
How To Play 2021s First Oil Rally Oil-and-gas stocks are just coming off one of their most tumultuous years in history. In 2020, the oil and gas sector was hit with a triple-whammy of a senseless price war between two of the largest producers; unprecedented destruction in energy demand and the inexorable march of the clean energy and ESG megatrends. Those factors worked in tandem to condemn the sector to another annus horribilis where it, yet again, emerged as the worst-performing of the U.S. 11 market sectors. But the oil and gas sector is once again proving that it might