TOKYO - Oil extended last week’s losses on Monday, falling nearly 2% as a surge in COVID-19 infections in the United States and Europe prompted concern over crude demand, while the prospect of increased supply also hit sentiment.
On the supply side, Libya’s National Oil Corp on Friday ended its force majeure on exports from two key ports and said production would reach 1 million barrels per day in four weeks, a quicker ramp-up than many analysts had predicted. “Not helping, is the fact that Libya appears to be returning supply to the market quicker than expected,” ING said.OPEC+, a grouping of producers including the Organization of the Petroleum Exporting Countries and Russia, is also set to increase output by 2 million bpd in January 2021 after cutting production by a record amount earlier this year.
CBCTheNational What's the status of the federal program to clean up abandoned and orphan wells, intended to keep SME's workers in the oil patch employed?
What will the future hold for the petrol industry? China seems to be making move towards electric cars and a fazing out of carbon producing energy. Will they take the lead in the race against ClimateChange and will it be beneficial to the people
Good. Now lets start building solar plants and create green jobs rather than guzzling dead plants.
Definitely make Joe happy. Can't believe how he pilloried the oil industry during the debate. Not a well thought out comment, for sure.
Cc ChristiCraddick thanks !
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Oil falls as COVID-19 case surge stokes demand concernsOil extended last week's losses on Monday, falling nearly 2% as a surge in COVID-19 infections in the United States and Europe prompted concern over crude demand, while the prospect of increased supply also hit sentiment. the world needs oil like you need it in your hair Most people won't be traveling for the Holidays. Thanks to no leadership in this country. 'It is what it is...' IVoted Good.
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Oil falls more than 1% as surging COVID-19 cases stoke demand fearsOil prices fell on Monday, extending last week's losses, as a jump in COVID-19 infections in the United States and Europe raised alarms over crude demand, while the prospect of increased supply also hurt sentiment. I hope the days of this industry are numbered. .. Oil is falling due to lockdown. Stop blaming covid19, a well thought Chinese weapon of destruction! Wuhan as the rest is HITLER youth! Thank Biden/Harris/Clinton/Obama, etc. If the oil industry had saved vs. Spending on thotz, Bentleys, & cocoa. They would be sound:
Source: Reuters - 🏆 2. / 97 Read more »
Oil falls more than 1% as surging COVID-19 cases stoke demand fearsOil prices fell on Monday, extending last week's losses, as a jump in COVID-19 infections in the United States and Europe raised alarms over crude demand, while the prospect of increased supply also hurt sentiment. Good. It’s time for renewable energy You can't have a healthy economy without a healthy workforce & healthy consumers. It's basic. Oh no! Anyway
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U.S. sets single-day record for COVID-19 cases during new surgeMore than 84,000 people were diagnosed with COVID-19 across the United States on Friday, according to a Reuters tally, a record one-day increase in infections during the pandemic as the virus surges again nationwide. per habitant, with 45,000 France is way worse unless....US numbers are UNDER REPORTED :) :) Total mortality is 0.2%, less than an average flu year.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. sets single-day record for COVID-19 cases during new surgeMore than 84,000 people were diagnosed with COVID-19 across the United States on Friday, according to a Reuters tally, a record one-day increase in infections during the pandemic as the virus surges again nationwide. Time to overwhelm social media with a single message. PCR test is not only being faked, with false results. Even true results are 94% false positive and previous innactive infections in too. It means both case numbers and deaths are huge lie. befreenow Trump is to blame!
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Kumail Nanjiani Expresses His Concerns For Surge In COVID-19 Cases: “I Feel Hopeless And Helpless”Stand-up comedian and actor Kumail Nanjiani is mostly known for bringing the funny and joy, but in a recent Twitter thread the Silicon Valley actor got real, expressing his concern for the pandemic… That’s his takeaway? Not that lockdowns don’t do anything? That’s about right. Once we get the clown out of office, we can rebuild So he’s a Biden voter.
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