Crude Oil

Crude Oil , Trade , International

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 , Exploration & Production , Crude Oil , Shale Plays

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

Investment , Crude Oil , Shale Plays , Tankers , Storage , Construction , Pipelines

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

Business , Crude Oil , Trade , International

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 , Unconventional , Crude Oil , Shale Plays , Completions , Pressure Pumping

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

Business , Exploration & Production , Crude Oil , Shale Plays

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 , Crude Oil , Storage

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

Crude Oil , Trade , International , Midstream

Column: China’s US Crude Oil Imports to Hit Record in September

Vessel-tracking and port data compiled by Refinitiv indicates China will import 867,300 bbl/d of U.S. crude oil in September, exceeding 653,870 bbl/d in August and 693,500 bbl/d in July.

September 22, 2020

Crude Oil , Trade , International

OPEC Watching Libyan Oil Restart Closely for Deeper Supply Cuts

OPEC member Libya is exempt from cutting oil output under a deal by OPEC and allies, known as OPEC+. A restart in Libya supply could force other producers to make further reductions to support prices.

September 21, 2020

Petrochemicals , Crude Oil , Trade , International , Storage

What’s Affecting Oil Prices This Week? (Sept. 21, 2020)

The first cut is the deepest…or not? OPEC+ will likely need to add oil output cuts soon, Stratas Advisors says in its latest oil price forecast.

September 21, 2020