Crude Oil
Petrochemicals , Crude Oil , Storage
US Crude Oil Stockpiles Hit Record High for Third Week
Crude oil inventories also hit another record high on the U.S. Gulf Coast, where the bulk of the nation's refining capacity is located.
Unconventional , Natural Gas , Crude Oil , Shale Plays
Why US Shale Production Declines Are Higher Than You Might Think
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
Natural Gas liquids (NGL) , Crude Oil , Storage
Easton Energy Adds Crude, NGL Storage Rights at Texas Facility
Demand for energy storage has soared as the COVID-19 pandemic crushed fuel demand, spurring oil producers and traders to fill storage facilities across the U.S.
Crude Oil , International
Oil Steady After Navarro Walks Back Market-Jolting Comments
Trump insists the trade deal with China is intact after the trader adviser said it was ‘over.’
Crude Oil , Storage
Oil Price Structure Signals Global Market Recovery
The new oil price structure marks a turnaround from earlier when the coronavirus outbreak had pushed oil prices into the opposite structure, when prompt prices fell below forward prices, known as contango.
Crude Oil , Trade , International
US Slaps Sanctions On Mexican Firms, Individuals Linked to Venezuelan Oil Trade
US claims that the oil-for-food deal didn’t deliver food for the Venezuelan people.
Crude Oil , Trade , International
OPEC+ Pushes for Compliance, Remains Undecided on Extending Oil Cuts
OPEC and allies, known as OPEC+, have been cutting output since May by a record 9.7 million bbl/d—or 10% of global supply—after oil demand plunged by up to a third.
Crude Oil
UBS Raises Brent Forecasts, Sees Undersupplied Oil Market
The bank raised its forecast for Brent to $40 per barrel by the end of September, from $32, and to $45 per barrel by the end of December, from $43.
Exploration & Production , Petrochemicals , Crude Oil , Tankers , Storage
US Oil Production Falls to Lowest Point Since 2018
Crude oil stockpiles in the U.S. rise to record high as imports from Saudi Arabia remain elevated.
Exploration & Production , Crude Oil , Trade
OPEC+ Panel Makes No Recommendation on Supply Cuts
This week’s meetings are part of an OPEC+ effort to review the impact of a record supply that started May 1 cut and hear from countries yet to deliver their share in full, such as Iraq.