Crude Oil
Crude Oil , Trade , International
Russia’s Putin: Rollover on Oil Output Curbs by OPEC+ Possible
The comments made by Russian President Vladimir Putin are the clearest signal yet from Russia, a global leader in oil production, that it is ready to continue with unprecedented output cuts in the face of a sluggish oil market.
Crude Oil
US Crude Exports Likely to be Muted Through 2020 as Production Slides
Oil demand is down 13% as a result of the pandemic.
Business , Crude Oil , Trade
Less Than Zero: A CSI on WTI
Nymex paper-trading of WTI crude futures normally represents the spot price. On April 20, the paper was worth less than zero.
Exploration & Production , Crude Oil , Trade , International
Iraq Flags Oil Project Delays, Sees Recovery Next Year
The Iraqi oil minister said he expects Iraq will raise its oil production capacity to 7 million bbl/d in the next five to six years, from around 5 million bbl/d now.
Crude Oil , Trade , International
Russia’s Energy Minister Says ‘Too Early’ to Discuss OPEC+ Plans Beyond 2020
A second government source said Russia, for now, would not disclose its plans on whether to continue with the current oil output cuts in order to prevent an overreaction in the market.
Crude Oil , Trade , International
Saudi Arabia Crude Oil Exports Rise for Second Consecutive Month
Additionally, Saudi Arabia's crude oil output rose by 500,000 bbl/d to 8.98 million bbl/d in August, official figures showed.
Crude Oil , Trade , International
OPEC Pledges Action to Support Oil Market as Demand Concerns Grow
OPEC and allied producers on Oct. 19 pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand.
Petrochemicals , Crude Oil , Trade , International , Storage
What’s Affecting Oil Prices This Week? (Oct. 19, 2020)
Global oil participants saw contradicting messages last week from OPEC and Russia with regards to their approach for rebalancing markets, reminiscent of what happened in early March, Stratas Advisors says in its latest oil price forecast.
Crude Oil , Biofuels
Facing Wave of Closures, Oil Refiners Turn to Biofuels
Many producers believe global oil demand will never return to pre-crisis levels.
Crude Oil
Oil Slides on COVID-19 Resurgence, Strong Dollar
Pandemic spikes in the US and Europe are curtailing demand for crude.