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.

June 24, 2020

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.

June 24, 2020

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.

June 24, 2020

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.’

June 23, 2020

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.

June 19, 2020

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.

June 19, 2020

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.

June 18, 2020

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.

June 18, 2020

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.

June 17, 2020

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.

June 17, 2020