http://www.worldoil.com WorldOil U.S. keeps Dakota Access Pipeline open during environmental review https://www.worldoil.com/news/2021/4/9/us-keeps-dakota-access-pipeline-open-during-environmental-review The Biden administration’s decision to allow the line to keep operating is a victory for pipeline owner Energy Transfer LP and drillers such as Continental Resources Inc. that use it transport crude from North Dakota’s Bakken oil field. Total expected to proceed with $5.1 billion Uganda oil project https://www.worldoil.com/news/2021/4/9/total-expected-to-proceed-with-51-billion-uganda-oil-project The final investment decision on a key pipeline will see Total tap more than a billion barrels of crude from Uganda and ship it across East Africa to the coast. A decision on the development of the oil fields feeding the pipe is likely at the same time. Shell reports first profit from upstream operations since pandemic began https://www.worldoil.com/news/2021/4/7/shell-reports-first-profit-from-upstream-operations-since-pandemic-began Shell’s upstream unit was able to capture “the upside from the current commodity price environment” in the first quarter, according to a statement April 7th. While OPEC ramps up production, U.S. oil output is projected to fall https://www.worldoil.com/news/2021/4/7/while-opec-ramps-up-production-us-oil-output-is-projected-to-fall With the U.S. unlikely to ever reach previous crude production levels, OPEC+ is moving to roll back part of their oil supply cuts in the coming months. Oil prices slide on OPEC output call and surging India virus cases https://www.worldoil.com/news/2021/4/5/oil-prices-slide-on-opec-output-call-and-surging-india-virus-cases Crude has rallied this year as vaccine rollouts help major economies reopen. The decision by the Organization of Petroleum Exporting Countries and its allies was seen as a vote of confidence in the outlook for energy demand. The U.S. also added more than 900,000 jobs in March, the most in seven months. Russian oil production rose in March under higher OPEC quota https://www.worldoil.com/news/2021/4/2/russian-oil-production-rose-in-march-under-higher-opec-quota Russia pumped 43.34 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That equates to 10.249 million barrels a day, based on 7.33 barrel-per-ton conversion ratio, or 1.3% more than in February. U.S. Interior chief reviewing “fundamentally broken” oil rights system https://www.worldoil.com/news/2021/4/2/us-interior-chief-reviewing-fundamentally-broken-oil-rights-system One day after the U.S. energy secretary phoned Saudi Arabia on the "importance of affordable and reliable energy for consumers," Interior Secretary Deb Haaland called the domestic fossil fuel industry "fundamentally broken," suggesting that Biden's oil and gas leasing moratorium will be anything but temporary. OPEC cuts global oil demand estimates ahead of production decision https://www.worldoil.com/news/2021/3/31/opec-cuts-global-oil-demand-estimates-ahead-of-production-decision The revision, which mainly affects the next few months, follows a recommendation from OPEC Secretary-General Mohammad Barkindo that the coalition should remain very cautious. Oil prices slip below $61 on rising dollar and upcoming OPEC meeting https://www.worldoil.com/news/2021/3/30/oil-prices-slip-below-61-on-rising-dollar-and-upcoming-opec-meeting Oil is poised to close out a fourth quarterly advance on Wednesday, but the past week has seen volatility climb amid the Suez Canal blockage. While fuel consumption is rising in many parts of the world, risks remain, with the head of the U.S. Centers for Disease Control and Prevention warning of “impending doom” as cases and deaths in the country pick up. OPEC members foresee little change in oil output targets on April 1 https://www.worldoil.com/news/2021/3/30/opec-members-foresee-little-change-in-oil-output-targets-on-april-1 The coalition led by Saudi Arabia was widely criticized three weeks ago when it rebuffed calls to revive some of the crude production halted during the pandemic. As OPEC prepares for another decision on oil output, the producers believe their defiantly cautious approach is paying off.