Trade
Crude Oil , Trade , International
Iran’s Oil Exports Jump in September Defying US Sanctions
Exports have shrunk from over 2.5 million bbl/d since the U.S. withdrew from a nuclear deal with Iran and reimposed sanctions in 2018. Still, Iran has been working to get around the measures and keep exports flowing.
Business , Crude Oil , Trade , International
Oil-trading Bribery Probe Widens with new US Charges, Guilty Pleas
Authorities in the United States and Brazil are investigating improper payments to officials at Petrobras, Brazil's state-run oil company, as part of Brazil's far-reaching corruption probe, known as Car Wash.
Crude Oil , Trade , International , Midstream
Column: China’s US Crude Oil Imports to Hit Record in September
Vessel-tracking and port data compiled by Refinitiv indicates China will import 867,300 bbl/d of U.S. crude oil in September, exceeding 653,870 bbl/d in August and 693,500 bbl/d in July.
Crude Oil , Trade , International
OPEC Watching Libyan Oil Restart Closely for Deeper Supply Cuts
OPEC member Libya is exempt from cutting oil output under a deal by OPEC and allies, known as OPEC+. A restart in Libya supply could force other producers to make further reductions to support prices.
Petrochemicals , Crude Oil , Trade , International , Storage
What’s Affecting Oil Prices This Week? (Sept. 21, 2020)
The first cut is the deepest…or not? OPEC+ will likely need to add oil output cuts soon, Stratas Advisors says in its latest oil price forecast.
Crude Oil , Trade , International
Saudi Energy Minister Warns Oil Market Gamblers Will Be Hurt ‘Like Hell’
The comments by Prince Abdulaziz bin Salman, OPEC's most influential minister, came after a virtual meeting of a key panel of OPEC and allies, led by Russia, known as OPEC+.
Crude Oil , Trade , International
Saudi Arabia Chafes at ‘False Promises’ on Oil Cuts from OPEC Partners
Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.
Crude Oil , Trade , International
As OPEC+ Meets This Week, UAE Emerges As Main Laggard
The United Arab Emirates has emerged as a major laggard in delivering oil output cuts in August, figures used by OPEC+ showed on Sept. 16.
Crude Oil , Trade , International
Oil Prices Jump Above $41 As Hurricane Sally Hits US Output
Oil prices gained ahead of Hurricane Sally's expected landfall on the U.S. Gulf Coast. Brent crude futures gained 92 cents, or 2.3%, to settle at $40.53/bbl, while WTI crude rose $1.02, or 2.7%, to settle at $38.28/bbl.
Crude Oil , Trade , Storage
Oil Industry Paints Grimmer Picture of Pandemic’s Harm to Demand
OPEC cut its outlook for demand in 2020, saying world oil demand would fall by 9.46 million bbl/d this year, an increase of 400,000 bbl/d from its previous report.