International
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.
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.”
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.
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.
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.
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.
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.
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.
International , Pipelines
Russia Denies Involvement in Colonial Pipeline Cyberattack
Biden says evidence points to ransomware that originated in Russia.
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.