Trade
Crude Oil , Trade , International
Venezuela’s Oil Exports Sank in June to 77-year Low
The fall in oil exports has starved the socialist government of President Nicolas Maduro of its main source of revenue, contributing to an economic collapse.
Trade
New Trade Deal Launches Under Cloud of Disputes, Coronavirus
Tariffs against Canada and labor issues in Mexico raise concerns about USMCA.
Investment , Exploration & Production , Crude Oil , Trade , International , Shale Plays , Storage
Oil and Gas Investor At Closing: OPEC’s Dilemma, Shale’s Hope
Even for the leanest, meanest oil and gas producer sitting on the best assets in the land, fate hinges on the nature of the recovery.
Trade , International , Infrastructure , Construction , Pipelines
EU Prepares Response to Nord Stream US Sanctions Threat
Commission says that the threatened US sanctions could violate international law.
Investment , Exploration & Production , Crude Oil , Trade , International
‘Worst Is Over’ for Oil and Gas, OPEC’s Barkindo Says
Scale of oil demand drop for oil has led to largest and longest supply adjustments in history, OPEC Secretary-General Mohammad Barkindo says.
Crude Oil , Trade , International
US Slaps Sanctions On Mexican Firms, Individuals Linked to Venezuelan Oil Trade
US claims that the oil-for-food deal didn’t deliver food for the Venezuelan people.
Crude Oil , Trade , International
OPEC+ Pushes for Compliance, Remains Undecided on Extending Oil Cuts
OPEC and allies, known as OPEC+, have been cutting output since May by a record 9.7 million bbl/d—or 10% of global supply—after oil demand plunged by up to a third.
Exploration & Production , Crude Oil , Trade
OPEC+ Panel Makes No Recommendation on Supply Cuts
This week’s meetings are part of an OPEC+ effort to review the impact of a record supply that started May 1 cut and hear from countries yet to deliver their share in full, such as Iraq.
Company Profiles , Exploration & Production , Crude Oil , Trade , International
PATH FORWARD: ConocoPhillips Chief Economist Weighs In on Demand Recovery
“We aren’t out of the woods yet, but things have moved in the right direction,” Helen Currie, chief economist at ConocoPhillips, says of the COVID-19 demand shock to the oil market.
Investment , Trade , Tankers , Storage
API Says Mexico Violating New Trade Deal, Hurting Investors
API said U.S. investors have faced difficulties getting permits in Mexico for fuel stations, storage facilities, imported fuel and terminals.