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Petrochemicals

Column: US Petroleum Inventories Show Gradual Rebalancing

U.S. petroleum inventories show clear signs of trending lower as consumption slowly recovers from the epidemic and lockdowns, while Saudi Arabia restricts production and directs volumes away from North America.

August 14, 2020

Exploration & Production

IEA Lowers Oil Demand Forecast Citing Reduced Air Travel

The Paris-based IEA slashed its 2020 oil demand outlook by 140,000 bbl/d to 91.9 million bbl/d, its first downgrade in several months.

August 13, 2020

Exploration & Production

OPEC Trims 2020 Oil Demand, Sees Doubts About 2021 on Virus Fallout

World oil demand will fall by 9.06 million barrels per day (MMbbl/d) this year, OPEC said in a monthly report, more than the 8.95 MMbbl/d decline expected a month ago.

August 12, 2020

Crude Oil

Oil Rises After Bigger-Than-Expected Drop in Inventories

Hopes rise that fuel demand can weather the pandemic.

August 12, 2020

Exploration & Production

US Oil Production Drop in 2020 to Be Steeper Than Last Forecast

The EIA said U.S. oil production curtailments were more extensive than estimated for its previous month's report, leading to the revision this month.

August 11, 2020

Business

PATH FORWARD: Advisers Coauthor Book to Help Upstream Companies Process Risk

Risked Revenue Energy Associates President and Founder Wayne Penello and Managing Director Andrew Furman join Hart Energy’s Jessica Morales to preview their book set for release on Aug. 11.

August 11, 2020

Liquefied Natural Gas (LNG)

US Natgas Futures Soar to December High in Best Week Since 2009

Front-month gas futures rose 7.3 cents, or 3.4%, to settle at $2.238 per million British thermal units, their highest close since Dec. 26.

August 10, 2020

Crude Oil

Saudi Arabia Cuts September Crude Prices to Asia

Saudi Arabia's state oil producer Aramco has cut the official selling prices for its crude to Asia and Europe, while leaving them unchanged for the U.S., a document obtained by Reuters showed.

August 6, 2020

Crude Oil

US Sends First Shipment of Crude to Saudi Arabia Since 2002

Cargo was less than can be carried by one Aframax tanker.

August 6, 2020

Liquefied Natural Gas (LNG)

LNG Prices Jump as Exports set to Rise for First Time in 6 Months

Gas stockpiles in the US and Europe are expected to reach all-time highs by the end of the injection season.

August 5, 2020