International
Crude Oil , Trade , International
OPEC ‘Cautiously Optimistic’ Oil Market Will Recover in 2021
Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.
Crude Oil , Trade , International
IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence
The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.
International , Infrastructure , Construction , Pipelines
Report: Nord Stream 2 to Resume Work in Danish Waters
US has threatened sanctions on companies involved in the project.
Public Capital , International
S&P Dow Jones to Remove Chinese Oil Giant CNOOC Due to US Sanctions
The Trump administration had added China's oil giant CNOOC to a blacklist of alleged Chinese military companies in early December.
International , Infrastructure , Construction , Pipelines
US: European Companies Face Sanctions Risk on Nord Stream 2
State Department report is expected to be issued later this week.
Crude Oil , Trade , International , Storage
Oil Prices Rally Further after US Inventory Drop
Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.
Exploration & Production , International
Turkey, Greece to Resume Suspended Talks over Disputed Waters
Turkey and Greece are at odds over the extent of their continental shelves in the Mediterranean, energy rights in the region, air space and the status of some islands in the Aegean Sea.
Liquefied Natural Gas (LNG) , Trade , International , Midstream
Taiwan Starts Receiving LNG Cargoes from Cheniere Energy
The U.S. has become a major LNG exporter, mostly due to the ramp up of Cheniere's Sabine Pass terminal in Louisiana.
International
UAE to Reopen All Entry Points With Qatar Following Gulf Dispute Thaw
Saudi Arabia announces a breakthrough in talks.
Markets , Trade , International
Latest Global Lockdowns Delay Fuel Demand Recovery
Tough restrictions on socializing and businesses continued in California, the most populous U.S. state with about 40 million, and one of the largest driving markets in the world.