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OPEC+ meeting to test ability to keep market tight
- Amid concerns of group's likely decision to raise output, experts say meeting will also reflect group’s strength, coherence
FDA okays storing Pfizer vaccines in standard freezers
- Move will allow vials to be transported and stored under more flexible conditions, says FDA official
Biden signs order to bolster critical supply chains
- 'We shouldn't have to rely on a foreign country, especially one that doesn't share our interests or values,' president says
EU sets 3-month target for introducing vaccine certificates
- EU heads of state, governments begin 2-day virtual summit to discuss vaccinations and travel restrictions
Are recent bullish oil price predictions realistic?
- Goldman Sachs, Morgan Stanley, Bank of America predict oil prices will hit up to $75 a barrel in 2021
Global oil demand to increase 6.41% in 2021: OPEC
- Crude output increases mainly in Saudi Arabia, Venezuela and Iran but decreases in Libya, Nigeria and Iraq, says OPEC
Global oil demand to increase 6% in 2021: IEA
- Positive economic outlook and vaccination campaigns in much of developed world to boost stronger oil demand growth in 2H21
Biden raises economy, rights abuses in call with Chinese premier
- Two leaders also discuss COVID, global health security, climate change and preventing weapons proliferation
BP posts $20.3 billion loss in 2020
- Despite huge loss in 2020, firm recorded $1.4 bln. profit in 4th quarter of 2020 compared to $0.5 bln. loss in 3rd quarter
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Turkey’s foreign minister holds talks in TRNC
- Mevlut Cavusoglu met with Turkish Cypriot authorities to discuss issues on common agenda
Turkey: Exploratory talks with Greece 'important step'
- Presidential spokesman says re-starting talks between Greece, Turkey important for balance in Aegean and East Med
Global oil demand to grow by 7% in 2021: WoodMac
- Vaccine distribution and expected growth in global GDP will boost demand in 2021
Global gas demand expected to rise by 2.8% this year
- Natural gas demand recovery remains fragile for 2021 as uncertainties continue, new IEA report says
27.01.2021
Natural Gas
Janet Yellen becomes 1st woman to lead US Treasury Dept
- President Joe Biden now has three members of his Cabinet confirmed by Senate
Pay dispute halts oil exports at Libya’s Hariga port
- Al-Hariga port has a crude oil export capacity of 120,000 barrels per day
Fitch warns of oil demand decline in 1st quarter 2021
- OPEC+ production policies and pandemic's path will continue to drive global oil prices in 2021, agency says
Libya records 92% loss of oil, gas revenues in 2020
- NOC struggles to control oil fields, storage tanks, pumping stations, pipelines and ports, and lacks money for repairs
Oil down over estimated rise in US stocks
-Fueling weak demand fears, US crude oil inventories are forecast to rise by over 2.5 million barrels, API figures show
Biden signs 15 orders in sweeping erasure of Trump acts
- President describes efforts as 'starting points,' saying his policy agenda is 'bold and vital'
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Global oil demand to increase 6% in 2021: IEA
- Vaccinations and more economic activity is expected to fuel stronger 2H21 growth, despite resurgence of COVID-19 cases
Oil prices down on concerns over COVID-19 vaccines
- Further lockdowns in Europe and Asia erase last week’s gains, according to experts
NATO ready to support Libya: NATO chief
- Military alliance will help security building in Libya when conditions permit
Ecuador secures historic deal with US development bank
- Funds set to alleviate country’s longstanding debt with Asia and boost its economy amid COVID-19 pandemic
Global oil demand to increase 6.56% in 2021: OPEC
- Crude output increased mainly in Libya, Iraq, and the UAE while output decreased in Nigeria, Congo and Angola, says OPEC
Oil prices up over higher US pandemic relief plan
- Increase in number of coronavirus cases worldwide and tightening measures continue to raise concerns over oil demand
China: Daily COVID-19 cases top 100 mark in 5-month 1st
- Latest virus outbreak in Hebei province leads to emergency measures in affected areas in China
Biden rolls out stimulus plan, names economic team
- President-elect says 'anxiety and fear of' everyday workers remind him of economic crisis he helped lead US out of in 2009
Emerging markets attract $313B in 2020: IIF
- Portfolio flows stand at $45.9B in December, closing one of most volatile years, says Institute of International Finance
08.01.2021
Invesments
EU authorizes Moderna’s COVID-19 vaccine
- Bloc’s medicines agency recommended granting conditional authorization to US-developed jab
07.01.2021
Europe