Crude Oil
Crude Oil
China November Crude Oil Imports Hit Record High As Refiners Race To Use Up Quotas
China's crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
Crude Oil
Iran Outlines Budget To Resist US Sanctions As Oil Exports Plunge
Iran's president presented a draft state budget of about $39 billion to parliament on Dec. 8, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports.
Exploration & Production , Crude Oil , Policy & Regulations
Saudi Delivers Deeper Cuts As OPEC+ Oil Producers Back New Pact
Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million barrels per day (MMbbl/d), Saudi Energy Minister Prince Abdulaziz bin Salman said.
Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage
Frac Spread: Slow Ride
Hydrocarbon prices are improving, but at a slower rate than expected based on tailwinds.
Crude Oil
OPEC, Allies Stumble Toward Deeper Cuts
Talks between oil producers for deeper cuts to production ran late into the night on Dec. 5 as OPEC officials took longer than anticipated to come to an agreement.
Crude Oil
OPEC, Allies Agree To Deepen Oil Output Cuts
Oil producers led by Saudi Arabia and Russia agreed on Dec. 5 to cut output by an extra 500,000 barrels a day (bbl/d) for the final three months of their deal to curb supply but stopped short of pledging action beyond next March.
Crude Oil
OPEC Ministers To Discuss Deepening OPEC+ Supply Agreement In Vienna
OPEC Ministers are meeting in Vienna to discuss extending or even deepening the current OPEC+ supply agreement, Stratas Advisors reported on Dec. 4.
Exploration & Production , Crude Oil
OPEC, Russia Debate Deeper Oil Cuts As New Glut Looms
OPEC meets on Dec. 5 in Vienna followed by a meeting with Russia and others, a grouping known as OPEC+, on Dec. 6.
Crude Oil
What's Affecting Oil Prices This Week (December 2, 2019)?
For the week ahead, Stratas Advisors expect volatile prices in light of the OPEC+ meeting.
IPO , Crude Oil
Saudi Arabia Wants OPEC+ To Deepen Oil Cuts Due To Aramco IPO
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.