Crude Oil , Trade , International

Saudi Arabia Cuts Oil Prices for Asia, Sources Say

Top oil exporter Saudi Arabia has cut the June official selling prices (OSPs) of all crude grades it sells to Asia, sources say.

May 6, 2021

Trade , International , Tankers

Mexico Port Works on US-Sanctioned Cuban Tankers that Carry Venezuelan Oil

Work on the tankers could potentially violate sanctions on Venezuela, lawyers say.

April 30, 2021

International , Energy Transition , Technology

Germany, Russia Flag Hydrogen Cooperation

Natural gas imports from Russia will be a necessary bridge fuel, a top German official says.

April 29, 2021

Crude Oil , Trade , International

OPEC+ Sticks to Plan to Ease Oil Output Cuts Beginning in May

A market monitoring panel decided to stick to policies broadly agreed upon at a previous April 1 meeting of OPEC+, Russian Deputy Prime Minister Alexander Novak said after the talks.

April 27, 2021

Crude Oil , Trade , International

OPEC+ Worried by Surge in COVID-19 Cases, Sources Say

The OPEC+ joint technical committee raised its forecast for global oil demand growth in its most recent monthly oil market report while also expressing concern about rising COVID-19 cases in India and elsewhere.

April 26, 2021

International , Infrastructure , Health, Safety & Environment , Construction , Pipelines , System Integrity

Frustrated Canada Presses White House to Keep Line 5 Open

Canadians are pushing on several diplomatic fronts against Mich. Gov. Whitmer’s order to shut Enbridge’s Great Lakes oil pipeline.

April 26, 2021

Field Development , Liquefied Natural Gas (LNG) , International , Midstream

Total Declares Force Majeure on $20 Billion LNG Project in Mozambique

The violence in March has dealt a blow to plans by Total and rival Exxon Mobil, which also has an LNG project in Mozambique, to turn the country into a major LNG producer.

April 26, 2021

Crude Oil , Trade , International

Fire Extinguished on Oil Tanker Off Syria after Suspected Drone Attack

The identity of the vessel was unclear, with Iran’s al-Alam TV saying it was one of three Iranian oil tankers that had recently arrived at the Syrian oil terminal, while the semi-official news agency Tasnim denied it was Iranian.

April 26, 2021

Legislation , International

Mexican Congress Approves Changes to Energy Law, Fueling Risks for Private Companies

President López Obrador seeks to reverse liberalization of the energy market to benefit Pemex.

April 23, 2021

Legislation , International

OPEC Urges Members to Lobby Against US NOPEC Bill

House measure that would allow lawsuits against OPEC could put US interests at risk, Barkindo says.

April 23, 2021