oil stocks drop unexpectedly

Commercial crude oil reserves in the United States fell significantly last week, surprising analysts who expected a further rise, according to figures released Wednesday by the US Energy Information Agency (EIA). During the week ended Nov. 12, crude inventories fell 2.1 million barrels to 433 million barrels, as analysts forecast an increase of 1.2 million […]

OPEC Gives Surplus Alarm, Gets Ready for Drop in Oil Prices!

Jakarta, CNBC Indonesia – The Organization of the Petroleum Exporting Countries or OPEC predicts a global oil supply surplus to occur in early December 2021 until 2022. This assumption is based on the increase in Covid-19 cases in the European region and soaring supply which affects oil demand. Quoted ReutersOPEC Secretary General Mohammad Barkindo said […]

Dutch crown jewel Shell moves from The Hague to London

© Harold Versteeg | Dutch Height / ANP Oil giant Shell, one of the crown jewels of the Dutch economy for more than a century, is moving its headquarters from The Hague to London. A painful affair for the Dutch, who see one iconic company after another leave. To the delight of the Brexiteers. Pieter […]

Dutch crown jewel Shell crosses the Channel

The oil company Shell, one of the crown jewels of the Dutch economy for more than a century, is moving its headquarters from The Hague to London. The Brexiteers triumph. The monumental headquarters of Royal Dutch Shell in the heart of The Hague, with its shell-shaped awning and gold-coloured window ornaments, will soon close. The […]

Oil Prices Stun for 3 Weeks in a row, because of the Fed!

Jakarta, CNBC Indonesia – World oil prices have moved down this week. That way, the price of the black gold has fallen for three consecutive weeks. This week, the price of Brent crude slashed 0.69% point-to-point. In weekend trading, Brent closed at US$ 82.17/barrel, its lowest since November 4. While the light sweet type dropped […]

Kanye West says he is “young Putin”

Kanye West, or Ye The rapper considers himself to be the king of culture for “the next 2000 years,” and compared it to oil, and himself to the Russian leader. American rapper Canye West, who recently officially changed his name to Ye, compared himself to Russian President Vladimir Putin while recording the Drink Champs podcast. […]

Sorry, China! You can’t tame oil like coal

Jakarta, CNBC Indonesia – World oil prices moved up in trading this morning. If China’s ‘kick’ is effective in suppressing coal prices, this time the actions of President Xi Jinping’s government failed to stem the increase in the price of black gold. On Tuesday (2/11/2021) at 06:51 WIB, the price of Brent oil was at […]

the leaders of the big oil groups before Congress

Published on : 29/10/2021 – 02:30 The leaders of the largest US oil groups have reported to elected officials in Congress. Democratic members of the House of Representatives asked them what efforts they are making against climate change, and especially how sincere their speech is. With our correspondent in Washington, Guillaume Naudin They are unanimous, […]

Dare to Read the Horror Prediction on Oil from Goldman Sachs?

Jakarta, CNBC Indonesia – World oil prices rose slightly this morning. But the increase was enough to make the price of the black gold record a new record. On Tuesday (26/10/2021) at 08:04 WIB, the price of Brent oil was at US$ 86.01/barrel. It was only up 0.02% from the previous day, but was the […]