Crude Oil , International

OPEC+ Considering Oil Output Roll Over for April

OPEC and other oil producers, a group known as OPEC+, are considering rolling over production cuts into April instead of raising output as a recovery in oil demand remains fragile due to the coronavirus crisis, three OPEC+ sources told Reuters on March 3.

March 3, 2021

Policy & Regulations , Methane , International , Emissions

US Climate Envoy Kerry: Resistance to Energy Transition is Futile

John Kerry, Biden’s special envoy on climate, tells the oil and gas sector that he wants to work together on plans to reduce emissions to meet global goals.

March 2, 2021

Crude Oil , Trade , International

OPEC: Oil Market Rebalancing but COVID-19 Still a Risk

OPEC and other key exporters such as Russia, a grouping dubbed OPEC+, meet on March 4 and are expected to discuss allowing as much as 1.5 million bbl/d back into the market

March 2, 2021

Crude Oil , Trade , International

OPEC Oil Output Falls in February on Saudi Additional Cut

OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found on March 1, ending a run of seven consecutive monthly increases.

March 1, 2021

Public Capital , Trade , International

NYSE Begins Move to Delist Chinese State Oil Producer CNOOC

The NYSE said CNOOC has the right to appeal the delisting decision. The exchange will include any appeal it receives in its application to the U.S. Securities and Exchange Commission.

February 26, 2021

International , Infrastructure , Emissions , Construction , Pipelines

Biden, Trudeau Aim to Move Past KXL Disagreement

In Biden’s first bilateral meeting with a foreign leader, the issues of climate change and China are expected to be the main topics.

February 23, 2021

Obituaries , International

Former Saudi Oil Minister Yamani, Face of 1973 Oil Embargo, Dies

Known for his elegant manner and trademark goatee, Sheikh Zaki Yamani’s 24-year tenure running the oil affairs of the world’s biggest producer made him a global celebrity during the inflationary “oil shocks” of the 1970s.

February 23, 2021

Crude Oil , Trade , International

Russia, Saudi Arabia At Odds over Oil Cuts Ahead of OPEC+ Meeting: Reports

Key questions for the OPEC+ meeting will be whether Saudi Arabia rolls back its voluntary cut of 1 million bbl/d and whether there is room for an additional increase in supply from the whole oil producer group.

February 22, 2021

International , Infrastructure , Construction , Pipelines

US Report on Nord Stream 2 will Reveal Companies Supporting Project

Sanctions are possible but may take time and depend on White House negotiations with allies and Capitol Hill.

February 19, 2021

Crude Oil , Trade , International

Saudi Arabia Set to Raise Oil Output, Reversing Recent Production Cut: Reports

Saudi Arabia is expected to announce its plans when a coalition of oil producers meets next month, according to a WSJ report on Feb. 17, adding that the output rise won’t kick in until April. 

February 17, 2021