Trade
Crude Oil , Trade , International
Venezuela’s Oil Exports Sink to 17-year Low, Choked by US Sanctions
Venezuela's oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports, according to data and internal shipping documents.
Imports , Tankers , Storage
COLUMN: US Crude Stocks Swell as Saudi Tankers Unload
If the increase is a one-off, it won’t affect a market that is quickly rebalancing.
Crude Oil , Trade , International
Kremlin: Putin, Saudi Crown Prince Agree Further Coordination on Oil Output Cuts
Online OPEC+ conference will discuss production reduction in mid-June.
Crude Oil , Trade , International
First US Crude Oil Shipment Heads to Belarus, Pompeo Says
The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in February, U.S. Secretary of State Mike Pompeo said.
Crude Oil , Trade , International , Technology
PATH FORWARD: Dr. Yousef Alshammari Sees International Opportunities for US Service Companies
Dr. Yousef Alshammari, CEO and head of Oil Research at CMarkits, doesn't expect OPEC to scale back or deepen cuts at the group’s June meeting.
Crude Oil , Trade , Storage
US to Buy Up to 1 Million Barrels of Oil for Emergency Reserves
In late April, the Energy Department said nine companies including Chevron and Exxon Mobil had agreed to rent space to store 23 million barrels of crude.
People , Unconventional , Crude Oil , Trade , Shale Plays
PATH FORWARD: Parsley CEO Matt Gallagher Talks US Shale, Tech, ESG
Fresh off the end to proration discussions in Texas, CEO Matt Gallagher shares how Parsley Energy is responding to demand loss plus the Permian shale producer’s focus on technology and ESG.
Crude Oil , Trade
Saudi Arabia Deepens Oil Cuts as Weak Demand Weighs on Prices
Kingdom says it will reduce output by another 1 MMbbl/d in June.
Crude Oil , Trade , International
Trump, Saudi King Reaffirm Ties Amid Tensions over Saudi’s Oil Output
"The two leaders agreed on the importance of stability in global energy markets, and reaffirmed the strong United States-Saudi defense partnership," a White House spokesman said.
Business , Exploration & Production , Crude Oil , Trade
Opinion: US Should Do Its Part in Oil Production Cuts
Regulating production helps stabilize wildly volatile oil market.