oil glut News

Higher natural gas futures prices for 2021, as well as forecasts of a 45 percent jump in gas prices next year, compared to a 15 percent increase for Brent oil, appears to be reason enough for U.S. shale firms to boost gas drilling and production.

The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, with the delay likely to hit oil prices next week following a record-setting comeback last week for crude.

The Permian Basin has remained the nation's top producing oil field. However, a lack of crude oil pipelines has slowed growth in the labor market, including other basins such as the Bakken in North Dakota and New Mexico's part of the Delaware Basin.

When OPEC announced its first oil production cut in eight years in January, oil traders around the world began emptying their storage tanks of millions of barrels of crude, flooding the market. But, the expected end to the world oil glut is not happening.

Moscow - A Russian mercenary soldier long suspected of involvement in the Ukrainian rebellion now boasts of his role in an interview.

Mariupol - Making him among perhaps the most cynical, if short-sighted, world leaders in history, Russia’s president is attacking and then withdrawing from Ukraine to drive oil prices up.

Moscow - Much has been reported recently about Russian President Vladimir Putin doing better in polls than President Barack Obama. But Hitler did far better.