Crude Oil , Trade , International

Uncertain about Iranian Oil, OPEC+ Likely to Stick with Policy

OPEC+ sources said there were no talks on amending oil output-cut levels for July, while two more said the producers should stick to their existing series of gradual output increases.

May 28, 2021

Business , International , Emissions , Energy Transition

Oil Producers Face Costly Transition to Net-zero Future

For producers, the calculation is that even if demand for oil and gas falls, they will still be able to sell their precious commodities for years to come and be the “last man standing.”

May 27, 2021

International , Infrastructure , Construction , Pipelines

Biden: Nord Stream 2 Sanctions Would Be ‘Counter-Productive’

The natural gas pipeline is almost complete, president says as he prepares for talks with Russian President Putin.

May 26, 2021

Crude Oil , International

Global Oil Prices Could Surge to $70 by Year-end

Damage inflicted on the oil market could end up pushing prices and activity higher, says Raymond James analyst Marshall Adkins.

May 25, 2021

Crude Oil , Trade , International , Emissions

OPEC Says IEA’s New Net-zero Stance Could Add to Oil Price Volatility

The research division at OPEC, whose 13 members sit on 80% of the world’s crude oil reserves, produced an internal briefing document on the IEA’s report, a copy of which was seen by Reuters.

May 21, 2021

Natural Gas liquids (NGL) , Trade , International , Midstream

US Waives Sanctions on Russia’s Nord Stream 2 Pipeline to Germany

The decision to waive sanctions on the company behind Russia’s Nord Stream 2 gas pipeline and its CEO came as the Biden administration seeks to rebuild ties with Germany.

May 20, 2021

International , Infrastructure , Construction , Pipelines

Republicans Slam Biden Administration Over Nord Stream Waivers Report

A report that the administration would waive sanctions against Nord Stream 2 contrasts with Biden’s opposition to the natural gas pipeline project.

May 19, 2021

Imports , International , Infrastructure , Pipelines

Canada: Enbridge Line 5 Shutdown Could Undermine US Ties

Michigan set a May 12 deadline for Enbridge to shut down the crude oil pipeline.

May 12, 2021

International , Pipelines

Russia Denies Involvement in Colonial Pipeline Cyberattack

Biden says evidence points to ransomware that originated in Russia.

May 11, 2021

Crude Oil , Trade , International

Saudi Arabia Cuts Oil Prices for Asia, Sources Say

Top oil exporter Saudi Arabia has cut the June official selling prices (OSPs) of all crude grades it sells to Asia, sources say.

May 6, 2021