Crude Oil

Crude Oil , Trade , International

Column: Oil Diplomacy and the US Presidential Election

The U.S. presidential election in November marks a potential turning point in U.S. policy toward all the big three producers—Russia, the U.S. and Saudi Arabia—with significant implications for the oil market.

July 16, 2020

Crude Oil , Trade , International

OPEC+ Set to Ease Record Oil Production Cuts from August

OPEC and its allies, including Russia, have been cutting output since May by 9.7 million bbl/d, or 10% of global supply, after the virus destroyed a third of global demand.

July 15, 2020

Crude Oil

OPEC Sees Oil Demand Soaring in 2021 But Still Below 2019

OPEC expects to cover the lion's share of the massive projected oil demand spike in 2021 with demand for its crude rising by 6 million bbl/d to reach 29.8 million bbl/d.

July 14, 2020

Crude Oil , Trade , International

OPEC Chief Barkindo Sees Oil Market Moving Closer to Balance Before Key Meeting

An OPEC panel called the Joint Ministerial Monitoring Committee meets on July 15 to recommend the next level of oil production cuts.

July 13, 2020

Public Capital , Unconventional , Crude Oil , Emissions , Shale Plays

Shale Boss Matt Gallagher Says US Has Passed Peak Oil

“I don’t think I’ll see 13 million bbl/d again in my lifetime,” Parsley Energy CEO Matt Gallagher says.

July 13, 2020

Crude Oil , Trade , International , Tankers

Libya’s NOC Accuses UAE of Being Behind Oil Blockade

On July 12, the U.S. Libya embassy said the resumption of the blockade came after "days of intense diplomatic activity" to let NOC resume output, and said it "regrets that foreign-backed efforts" had impeded this.

July 13, 2020

Crude Oil

IEA Raises 2020 Oil Demand Forecast But Warns COVID-19 Clouds Outlook

The pandemic is not under control and carries a downside risk for the market, agency says.

July 10, 2020

Crude Oil , Policy & Regulations , Storage

US Energy Secretary Delays SPR Site Visit in Texas Due to Suspected COVID-19 Case

U.S. Energy Secretary Dan Brouillette had planned to visit the Big Hill Strategic Petroleum Reserve, or SPR, site in Texas on July 10.

July 10, 2020

Exploration & Production , Unconventional , Natural Gas , Crude Oil

E&P Bright Spots Emerge Despite Little Near-term Optimism

Panelists discuss how oil and gas players are navigating current conditions as they await better days ahead.

July 9, 2020

Investment , Unconventional , Crude Oil , Shale Plays

IHS Markit: Shale Output Growth to Return, but Far Short of Glory Days

Reduced global demand and an altered oil and gas industry business model to please investors shrink the projected increases in production.

July 9, 2020