International
Crude Oil , Trade , International , Storage
Oil Prices Slump as Coronavirus-related Demand Concerns Resurface
In Houston, Lina Hidalgo, senior official for the county that includes the city at the heart of the U.S. oil industry, said "we may be approaching the precipice of a disaster."
Crude Oil , Trade , International
Saudi Arabia to End Voluntary Cuts on Top of OPEC+ Pact
Saudi Energy Minister Prince Abdulaziz bin Salman said that this would not continue in July, when Saudi Arabia will pump its OPEC quota, amid signs of demand recovery.
Crude Oil , Trade , International
Analysts: Oil Price Rally to Continue as OPEC+ Extends Output Cuts
Following the deal, oil prices will continue rallying throughout the month of June, averaging at around $43/bbl for Brent and $30/bbl for WTI, analyst says.
Crude Oil , Trade , International
Chevron Oil Cargo Tangled in US Sanctions on Venezuela
A Chevron Corp. crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed.
Legislation , International , Infrastructure , Pipelines
US Senators Move to Tighten Sanctions on Delayed Russia-to-Germany Gas Pipeline
U.S. senators revealed a bill on June 4 expanding sanctions on Russia’s Nord Stream 2 natural gas pipeline and targeting the project Washington says will boost Moscow’s economic and political influence in Germany and other European countries.
Public Capital , Investment , International , Health, Safety & Environment
Study: ‘Terminal Decline’ of Fossil Fuel Industry Risks New Financial Crisis
Whether and how fossil fuel demand may rebound after the pandemic is hotly contested, with many projections assuming that demand for oil, in particular, could steadily return as lockdowns lift.
Crude Oil , Trade , International
Saudi, Russia Reach Deal on Oil Cuts
Preliminary pact raises pressure on other OPEC+ members to comply.
Crude Oil , Trade , International
Venezuela’s Oil Exports Sink to 17-year Low, Choked by US Sanctions
Venezuela's oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports, according to data and internal shipping documents.
Crude Oil , International
Kremlin: Putin, Trump Discussed G-7, Oil Markets in Call
Leaders talked about OPEC+ actions on production cuts.
International , Infrastructure , Construction , Pipelines
Senators Expected to Introduce Sanctions on Russia’s Nord Stream 2
Measure by Cruz and Shaheen could be proposed by June 1.