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.

June 26, 2020

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.

June 26, 2020

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.

June 25, 2020

Exploration & Production

Eyeing Recovery: Oil Sector Trends Indicate Improvement

But expect volatility as oil producers tame supply but wrestle with demand.

June 25, 2020

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.

June 25, 2020

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.

June 24, 2020

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.

June 24, 2020

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.

June 24, 2020

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.

June 24, 2020

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.

June 24, 2020