Trade

Crude Oil , Trade , International

OPEC ‘Cautiously Optimistic’ Oil Market Will Recover in 2021

Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.

January 19, 2021

Crude Oil , Trade , International

IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence

The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.

January 19, 2021

Crude Oil , Trade , International , Storage

Oil Prices Rally Further after US Inventory Drop

Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.

January 13, 2021

Trade

DOE Streamlines Short-Term LNG Export Authorizations

Long-term exporters will not be required to seek separate authorizations.

January 11, 2021

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

Taiwan Starts Receiving LNG Cargoes from Cheniere Energy

The U.S. has become a major LNG exporter, mostly due to the ramp up of Cheniere's Sabine Pass terminal in Louisiana.

January 11, 2021

Markets , Trade , International

Latest Global Lockdowns Delay Fuel Demand Recovery

Tough restrictions on socializing and businesses continued in California, the most populous U.S. state with about 40 million, and one of the largest driving markets in the world.

January 8, 2021

Public Capital , Trade

US Says BP Pays $24.4 Million But Challenges Natgas Manipulation Fine

FERC alleged BP violated the Natural Gas Act by manipulating the next-day gas market at Houston Ship Channel from mid-September through Nov. 30, 2008.

January 6, 2021

Crude Oil , Trade , Storage

Report: US Crude Oil Stockpiles Tumble Last Week

Crude oil inventories in the U.S. fell by 8 million barrels in the week to Jan. 1 to 485.5 million barrels, their biggest decline since August, exceeding analysts' expectations.

January 6, 2021

Crude Oil , Trade , International

OPEC December Oil Output Rises for Sixth Month Led by Libya

The 13-member OPEC group pumped 25.59 million bbl/d  of oil in December, the survey found, up 280,000 bbl/d from November and a further increase from a three-decade low reached in June.

January 6, 2021

Crude Oil , Trade , International

Oil Prices Rise to 11-month High after Saudi Arabia Pledges Unilateral Output Cut

WTI futures in the U.S. climbed as much as 0.6% to $50.24/bbl, also the highest since Feb. 26, before slipping to $49.96. The contract on Jan. 5 closed up 4.6%.

January 6, 2021