The Latest
Crude Oil
China’s Saudi Oil Imports Surge in May to All-time High
In May, Chinese refineries received their first crude cargo from the U.S. since November, of around 550,000 tonnes, the customs data released late on June 25 showed.
Exploration & Production
E&P World View: Middle East Economies Choked by Low Prices
While some oil producers in the Gulf region have taken a massive hit, others are scaling back projects in an effort to survive.
Business
Harold Hamm on New US Gulf Coast Crude Benchmark
S&P Global Platts on June 26 will introduce American GulfCoast Select, a new benchmark for U.S. crude oil which shale pioneer Harold Hamm helped launch.
Exploration & Production
Eyeing Recovery: Oil Sector Trends Indicate Improvement
But expect volatility as oil producers tame supply but wrestle with demand.
Liquefied Natural Gas (LNG)
Sonatrach, Total Extend LNG Supply Deal
Algerian state energy company Sonatrach signed a deal June 25 with France’s Total to extend its supply of 2 million tonnes a year of LNG to the French market for another three years, Sonatrach said.
Investment
‘Worst Is Over’ for Oil and Gas, OPEC’s Barkindo Says
Scale of oil demand drop for oil has led to largest and longest supply adjustments in history, OPEC Secretary-General Mohammad Barkindo says.
Petrochemicals
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
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.
Investment
Gas Industry Sees Strong Demand Post-COVID
The crash in prices has delayed projects, which will create an LNG shortfall by mid-decade, producers say.
Natural Gas liquids (NGL)
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.