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.

July 2, 2020

Trade

New Trade Deal Launches Under Cloud of Disputes, Coronavirus

Tariffs against Canada and labor issues in Mexico raise concerns about USMCA.

July 2, 2020

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.

July 1, 2020

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.

June 30, 2020

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.

June 24, 2020

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.

June 19, 2020

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.

June 18, 2020

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.

June 17, 2020

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.

June 16, 2020

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.

June 15, 2020