The Latest

Crude Oil

Iran’s Oil Exports Jump in September Defying US Sanctions

Exports have shrunk from over 2.5 million bbl/d since the U.S. withdrew from a nuclear deal with Iran and reimposed sanctions in 2018. Still, Iran has been working to get around the measures and keep exports flowing.

September 25, 2020

Public Capital

ConocoPhillips Sees Global Oil Demand Returning

The view stands in contrast to that of rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand, though ConocoPhillips still expects "quite a bit of uncertainty next year."

September 25, 2020

Unconventional

Analyst: More Rigs Needed to Avoid Appalachian Gas Production Declines

With Appalachia producers in maintenance mode, analysts described Permian Basin associated gas production as ‘resilient.’

September 24, 2020

Investment

Max Midstream to Develop New US Crude Export Hub Following Acquisition from Oaktree

The revitalized terminal is not only expected to connect the Port of Calhoun to both the Eagle Ford and Permian basins but also create more than 1,000 jobs in the Lone Star State, Max Midstream President Todd Edwards says.

September 24, 2020

Natural Gas liquids (NGL)

Midstream Projects Update: Is 2020 Over Yet?

On the Gulf Coast, storage facilities and pipelines are moving forward. Elsewhere, COVID-19 and the courts are causing headaches.

September 24, 2020

Business

Oil-trading Bribery Probe Widens with new US Charges, Guilty Pleas

Authorities in the United States and Brazil are investigating improper payments to officials at Petrobras, Brazil's state-run oil company, as part of Brazil's far-reaching corruption probe, known as Car Wash.

September 24, 2020

Business

Will US Oil Production Ever Hit 13 Million Barrels Per Day Again?

Analysts discuss the outlook for the U.S. shale sector as it recovers from the latest downturn, awaiting higher global demand.

September 23, 2020

Markets

California Plans Ban on Sale of New Gasoline-powered Passenger Vehicles

In a statement, White House spokesman Judd Deere called the move by California "alarming" and said it would destroy jobs and raises consumer costs.

September 23, 2020

Business

Dallas Fed Survey: US Oil Production Has Peaked, Executives Say

Survey results said 66% of 154 oil and gas firm executives contacted by the Dallas Fed this month believe U.S. crude oil production has peaked. The survey includes executives from Texas, Louisiana and New Mexico.

September 23, 2020

Petrochemicals

US Oil Inventories Fall across the Board Last Week

Crude oil production slipped to 10.7 million bbl/d, down in part due to storm activity that closed offshore drilling sites in the U.S. Gulf of Mexico.

September 23, 2020