Trade

Frac Spread , Trade , International

South Korea’s Thirst For US Crude Oil To Keep Growing

With the U.S. set to become a net exporter of crude oil for the first time in 2020, Asia is expected to be a focus for more shipments.

February 24, 2020

Trade , International

US Slaps Sanctions On Russian Oil Firm

Rosneft penalized for its support of Venezuela’s Maduro.

February 19, 2020

Crude Oil , Trade , International

IEA: Oil Demand Set For First Fall In A Decade Due To Coronavirus Outbreak

Oil demand in the first quarter of 2020 is expected to fall compared with a year earlier, the IEA said, noting it would be "the first quarterly decrease in more than a decade."

February 13, 2020

Crude Oil , Trade , Legislation

OPEC Says Coronavirus To Trim 2020 Oil Demand

The report could bolster the case for even more supply curbs by OPEC, which is considering whether to curb output further to offset slower demand.

February 13, 2020

Crude Oil , Trade , International

US Charges 5 With Conspiring To Purchase Iranian Oil

Defendants sought to sell oil to China in violation of sanctions.

February 12, 2020

Crude Oil , Trade , International

EIA Cuts Global Oil Demand Forecast After Coronavirus Outbreak

The EIA on Feb. 11 cut its global oil demand growth forecast for this year by 310,000 barrels per day as the coronavirus outbreak dents oil consumption in China.

February 12, 2020

Crude Oil , Trade , International

Report: Coronavirus To Cut Oil Demand Growth By 25% This Year

Rystad Energy now predicts global oil demand will grow by 820,000 bbl/d in 2020, down from a December forecast of 1.1 million bbl/d.

February 11, 2020

Liquefied Natural Gas (LNG) , Crude Oil , Trade , International

Secretary Brouillette: US Not Concerned By Any New OPEC Cuts

U.S. Energy Secretary Dan Brouillette also said that while LNG prices are the lowest they've been in years, "the future is still bright for LNG."

February 11, 2020

Liquefied Natural Gas (LNG) , Trade , Midstream

Rio Grande LNG Receives Non-FTA Export Authorization

NextDecade’s facility approved by the Department of Energy.

February 11, 2020

Crude Oil , Trade , Legislation

Trump’s Budget Proposes Sale From Emergency Oil Reserve

Budget documents said a sale from the Strategic Petroleum Reserve would help raise funds for priorities including $242 million needed to fix a Naval Petroleum Reserve site in California.

February 11, 2020