Crude Oil

Crude Oil , International , Storage

Oil Minister: India Looks to Store Cheap Oil in US

India’s plan is similar to Australia’s.

May 26, 2020

Crude Oil , Storage

OPINION: US Oil Stocks Stabilize as Industry Adapts to Shock

Excess crude inventories are easing, with refined fuel stocks taking longer as consumption lags.

May 22, 2020

Exploration & Production , Crude Oil , Policy & Regulations

US Energy Department Continues Efforts to Help Oil Companies

Companies of all sizes have been coping with lower oil prices caused by a supply-demand imbalance fueled by the global COVID-19 pandemic.

May 21, 2020

Crude Oil

Ukraine’s Odessa Gets First WTI Cargo

Country has moved to diversify its supply away from Russia.

May 21, 2020

Exploration & Production , Crude Oil

OPEC Chief Says Oil Market Responding Well to Record OPEC+ Cut

OPEC, Russia and other allies, a group known as OPEC+, are cutting supply by a record 9.7 million barrels per day (MMbbl/d) from May 1 to offset a slump in prices and demand caused by the coronavirus outbreak.

May 21, 2020

Crude Oil , International

Sources: Russian Oil Output Dips Toward OPEC+ Quota Limit

Energy Ministry ordered companies to cut production by 20%.

May 20, 2020

Crude Oil , Legislation

WTI Crude Strengthens as Certain Stimulus Measures to Continue

Another drawdown in U.S. crude stockpiles in official weekly data to be released on May 20 could support oil prices more, said John Kilduff, a partner at Again Capital Management in New York.

May 19, 2020

Investment , Markets , Natural Gas , Crude Oil , Gathering & Processing

Coronavirus Will Create New Opportunities in the Midstream Sector

East Daley analyst: One clear lesson is that energy cycles are a force for creation as well as destruction.

May 19, 2020

Crude Oil

Past its Peak? Battered Oil Demand Faces Threat from Electric Vehicles

Analysts question whether fossil fuels can fully bounce back from the pandemic setback.

May 19, 2020

Crude Oil

Oil Prices Jump to Two-month High as Lockdowns Ease

Oil prices were also supported by production cuts by OPEC and its allies, including Russia, a group known as OPEC+.

May 18, 2020