Crude Oil , Trade , International

Early Data Indicates Strong Month of US Crude Buying by China

Tentative U.S. crude cargo departures towards China currently sits at 840,000 bbl/d for the month, the second highest volume on record, according to data intelligence firm Kpler.

September 9, 2020

Markets , Trade , International

Iranian Fuel Seized by US to Reportedly Reach Texas Within Days

The U.S. announced in August that it had confiscated 1.1 million barrels of Iranian fuel bound for Venezuela, part of Washington's efforts to disrupt trade between Caracas and Tehran.

September 8, 2020

Exploration & Production , International

Russia to Build Up Half-Finished Oil Wells to Regain Market Share

DUCs are primed to operate when the OPEC+ deal expires, Russia’s energy minister says.

September 8, 2020

Liquefied Natural Gas (LNG) , Natural Gas , Trade , International , Midstream

German Chancellor Merkel Doesn’t Rule Out Sanctions on Russian Gas Pipeline

Chancellor Angela Merkel is under mounting pressure from members of her conservative party to suspend the Nord Stream 2 pipeline, a huge project to double Russian gas exports to Germany.

September 8, 2020

Exploration & Production , International

NATO: Greece, Turkey Agree to Talks over East Med Drilling Activity

NATO allies Turkey and Greece vehemently disagree over claims to natural gas reserves in the eastern Mediterranean and the extent of their continental shelves.

September 3, 2020

Business , Petrochemicals , Crude Oil , Trade , International

US Blacklists Companies for Helping Facilitate Iran’s Exports of Petroleum, Petrochemicals

The State Department also imposed sanctions on five companies for engaging in transactions related to Iran’s petroleum and petrochemical industry, as well as on three executive officers of the blacklisted companies.

September 3, 2020

International , Infrastructure , Construction , Pipelines

Navalny Poisoning adds Pressure for Germany to Rethink Nord Stream 2

Germany politicians demand a tough response from Merkel to the attempted murder of the Kremlin critic.

September 3, 2020

Exploration & Production , Crude Oil , Trade , International

OPEC August Oil Output Rises for Second Month as Supply Cut Eased

OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.

September 2, 2020

Trade , International

Top Envoy: US Preparing Tighter Oil Sanctions on Venezuela

Exemptions for European and Asian companies for diesel would be removed.

September 1, 2020

Exploration & Production , International

Germany Says Turkey, Greece Ready For Dialogue on East Med Dispute

Turkey and Greece disagree over natural gas reserves off Cyprus and the extent of their continental shelves.

August 26, 2020