International
Crude Oil , International
Oil Jumps 4% on Latest COVID-19 Vaccine Progress
WTI nears $42/bbl on news that two vaccines are in the pipeline.
Crude Oil , Trade , International
Iran Says Exports Hit 700,000 Barrels Per Day of Oil, Later Denies
An Iranian official said on Nov. 11 that Tehran exported up to 700,000 bbl/d of oil since March, but was later quoted by an Iranian news agency casting doubt on the figure which had been kept secret.
Business , Exploration & Production , International , Acquisitions & Divestitures
Nigeria Case Against JP Morgan over Oil Deal to Go to Trial
The lawsuit against JP Morgan filed in the English courts in 2017 relates to the purchase of the offshore OPL 245 oil field in Nigeria by oil majors Shell and Eni in 2011.
Trade , International , Acquisitions & Divestitures
Australia-China Row Halts Woodside LNG Asset Sale
Woodside Petroleum had been in talks with China's national oil firms, including PetroChina, and second-tier firms to sell a modest stake in the linked Scarborough gas field and Pluto LNG Train 2 project.
Legislation , International , Infrastructure , Pipelines
Sanctions on Russia’s Nord Stream Gas Pipeline Included in Annual US Defense Bill
The $11 billion Nord Stream 2, led by Russia's state energy company Gazprom, would double its existing pipeline capacity to take gas undersea to Europe via Germany.
Exploration & Production , Crude Oil , International
OPEC Expects Coronavirus to Curb Oil Demand Recovery into 2021
Ongoing pandemic will make it more difficult for the cartel to support the market.
Crude Oil , Trade , International
Oil Prices Soar 8% on Promising COVID-19 Vaccine Results
Oil prices surged about 8% on Nov. 9, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine.
Petrochemicals , Crude Oil , Trade , International
What’s Affecting Oil Prices This Week? (Nov. 9, 2020)
An extra bucket of cold water—the Convent refinery shutdown in Louisiana by Shell is more meaningful than it seems, Stratas Advisors says in its latest oil price forecast.
Crude Oil , Trade , International
Oil Prices Rise with Brent Topping $40 as Joe Biden’s Win Buoys Risk-taking
"Oil prices surged on Monday benefiting from a risk-on stance and a weaker U.S. dollar driven by Joe Biden becoming president-elect," said Giovanni Staunovo, oil analyst for UBS.
Crude Oil , Trade , International
Saudi Arabia Cuts December Crude Prices to Asia
Saudi Aramco was expected to maintain or slightly cut its December official selling prices for Asian buyers, according to a Reuters survey.