Crude Oil , Trade , International

Kremlin: Putin, Saudi Crown Prince Agree Further Coordination on Oil Output Cuts

Online OPEC+ conference will discuss production reduction in mid-June.

May 28, 2020

International , Construction , Pipelines

Senators Weigh Additional Sanctions on Russia’s Nord Stream 2

Shaheen, Cruz consider broadening the scope of their sanctions legislation.

May 28, 2020

Crude Oil , International

Russian Minister, Oil Majors Reported to Discuss Output Cut Extension

The meeting is seen as support for stabilizing oil markets.

May 27, 2020

Investment , International , Health, Safety & Environment , Emissions

Oil CEOs Pen Open Letter Pushing for Climate Change Action

The letter addresses concerns that the COVID-19 crisis may push oil and gas companies and governments around the world to delay action on climate change.

May 26, 2020

Crude Oil , International , Storage

Oil Minister: India Looks to Store Cheap Oil in US

India’s plan is similar to Australia’s.

May 26, 2020

International , Infrastructure , Construction , Pipelines

EU Court Throws Out Challenge from Russian-Backed Nord Stream 2

General Court leaves it up to the member states to enforce the rules.

May 21, 2020

Crude Oil , International

Sources: Russian Oil Output Dips Toward OPEC+ Quota Limit

Energy Ministry ordered companies to cut production by 20%.

May 20, 2020

Crude Oil , Trade , International

First US Crude Oil Shipment Heads to Belarus, Pompeo Says

The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in February, U.S. Secretary of State Mike Pompeo said.

May 15, 2020

International , Infrastructure , Construction , Pipelines

Germany Denies Nord Stream 2 Pipeline Waiver of EU Rules

Rules apply to operation, not construction of gas pipeline.

May 15, 2020

Crude Oil , Trade , International , Technology

PATH FORWARD: Dr. Yousef Alshammari Sees International Opportunities for US Service Companies

Dr. Yousef Alshammari, CEO and head of Oil Research at CMarkits, doesn't expect OPEC to scale back or deepen cuts at the group’s June meeting. 

May 14, 2020