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.
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.
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.
Trade
DOE Streamlines Short-Term LNG Export Authorizations
Long-term exporters will not be required to seek separate authorizations.
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.
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.
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.
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.
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.
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%.