Crude Oil , Trade , International

Oil Prices Hit One-month High as IEA, OPEC Raise Forecasts

Supply discipline and rebounding economies are set to give oil a chance to break out of the recent range, Goldman Sachs analysts said in a report.

April 15, 2021

Crude Oil , Trade , International

OPEC Raises Oil Demand Growth Forecast on Hope Pandemic Wanes

The upward revision marks a change of tone from previous months, in which OPEC has lowered oil demand forecasts because of continued lockdowns.

April 13, 2021

Markets , Trade , Health, Safety & Environment , Emissions

Commodities Trader Trafigura Launches Carbon Trading Desk

The new Trafigura carbon trading team, to be headed by Hannah Hauman, will be based in Geneva, Houston and Singapore.

April 9, 2021

Business , Exploration & Production , Natural Gas , Trade , Shale Plays , Midstream

Oil and Gas Investor Eagle Ford Natural Gas: Texas Gas to Mexico

While U.S. natural gas demand was mostly flat in 2020, Mexico’s grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Ford’s underdeveloped gas fairway.

April 8, 2021

Crude Oil , Trade , International

OPEC+ to Gradually Ease Oil Output Cuts from May

A few days before the April 1 meeting, OPEC+ delegates had said the group would likely keep most existing oil output cuts in place. But in the 24 hours before the meeting started, sources said discussions had shifted to a possible output increase.

April 1, 2021

Crude Oil , Trade , International

US Energy Secretary Jennifer Granholm Calls Saudi Energy Minister Ahead of OPEC Meeting

The call by U.S. Energy Secretary Jennifer Granholm was the first call to Saudi Arabia from a U.S. official ahead of an OPEC meeting since U.S. President Joe Biden took office.

April 1, 2021

Crude Oil , Trade , International

OPEC+ Lowers Oil Demand Growth Forecast Ahead of Meeting

The Joint Technical Committee of OPEC+, which advises the group of oil-producing nations that includes Saudi Arabia and Russia, met on March 30 ahead of a ministerial meeting on April 1 to decide output policy.

March 31, 2021

Crude Oil , Trade , International

China’s Iran Oil Imports Seen Hitting New High in March

Imports of Iranian oil skirt US sanctions.

March 30, 2021

Crude Oil , Trade , International

Saudi Arabia Reportedly Wants OPEC+ to Extend Oil Cuts to June

Saudi Arabia is also ready to extend its own voluntary cuts to boost oil prices amid a new wave of coronavirus lockdowns, a source briefed on the matter told Reuters.

March 30, 2021

Liquefied Natural Gas (LNG) , Exports , Midstream

Column: US Gas Industry Increasingly Relies on LNG Exports

Natural gas producers need export markets to absorb excess production and keep domestic prices buoyant.

March 29, 2021