Trade , International

US Slaps Sanctions On Russian Oil Firm

Rosneft penalized for its support of Venezuela’s Maduro.

February 19, 2020

Exploration & Production , International

Mexican Regulator Poised To Referee Zama Oil Discovery Dispute

Closed-door talks between Pemex and a private consortium led by Talos Energy over who will control operations of the so-called Zama project in the southern Gulf of Mexico have recently slowed.

February 14, 2020

Crude Oil , Trade , International

IEA: Oil Demand Set For First Fall In A Decade Due To Coronavirus Outbreak

Oil demand in the first quarter of 2020 is expected to fall compared with a year earlier, the IEA said, noting it would be "the first quarterly decrease in more than a decade."

February 13, 2020

Crude Oil , Trade , International

US Charges 5 With Conspiring To Purchase Iranian Oil

Defendants sought to sell oil to China in violation of sanctions.

February 12, 2020

Crude Oil , Trade , International

EIA Cuts Global Oil Demand Forecast After Coronavirus Outbreak

The EIA on Feb. 11 cut its global oil demand growth forecast for this year by 310,000 barrels per day as the coronavirus outbreak dents oil consumption in China.

February 12, 2020

Crude Oil , Trade , International

Report: Coronavirus To Cut Oil Demand Growth By 25% This Year

Rystad Energy now predicts global oil demand will grow by 820,000 bbl/d in 2020, down from a December forecast of 1.1 million bbl/d.

February 11, 2020

Liquefied Natural Gas (LNG) , Crude Oil , Trade , International

Secretary Brouillette: US Not Concerned By Any New OPEC Cuts

U.S. Energy Secretary Dan Brouillette also said that while LNG prices are the lowest they've been in years, "the future is still bright for LNG."

February 11, 2020

Crude Oil , Trade , International

Oil Prices Rise From 13-month Low As Coronavirus Cases Slow

Oil prices have dropped more than 25% from a peak in January with U.S. crude back below $50 a barrel after the spreading virus hit demand in China, the world's largest oil importer.

February 11, 2020

Public Capital , Crude Oil , Trade , International

Saudi Stock Market Underperforms; Aramco Lowest Since IPO

Saudi Arabia's stock market led most Gulf bourses lower on Feb. 9 after oil prices plunged more than 6% at the end of last week, while oil giant Aramco fell for a sixth consecutive day.

February 10, 2020

Liquefied Natural Gas (LNG) , International

Total Rejects Force Majeure Notice From Chinese LNG Buyer

French oil major accuses a customer of trying to take advantage of coronavirus situation.

February 7, 2020