Business , Exploration & Production , Trade , Midstream

US Lawmakers Complain to Trump over Mexican Energy Policy

The letter argued that reports showed Mexican President Andres Manuel Lopez Obrador is providing preferential regulatory treatment for state oil firm Pemex and delaying or canceling permits for U.S. energy companies.

October 23, 2020

Crude Oil , Trade , International

Russia’s Putin: Rollover on Oil Output Curbs by OPEC+ Possible

The comments made by Russian President Vladimir Putin are the clearest signal yet from Russia, a global leader in oil production, that it is ready to continue with unprecedented output cuts in the face of a sluggish oil market.

October 22, 2020

Exports , Methane , Legislation , Infrastructure , Health, Safety & Environment , Emissions , Construction , Pipelines

For Oil and Gas, Next 4 Years Are All about Regulations—More Or Less

When it comes to the oil and gas rules and the costs, Trump and Biden take opposite stances, say experts at the North American Gas Forum.

October 22, 2020

Business , Crude Oil , Trade

Less Than Zero: A CSI on WTI

Nymex paper-trading of WTI crude futures normally represents the spot price. On April 20, the paper was worth less than zero.

October 22, 2020

Exploration & Production , Crude Oil , Trade , International

Iraq Flags Oil Project Delays, Sees Recovery Next Year

The Iraqi oil minister said he expects Iraq will raise its oil production capacity to 7 million bbl/d in the next five to six years, from around 5 million bbl/d now.

October 21, 2020

Crude Oil , Trade , International

Russia’s Energy Minister Says ‘Too Early’ to Discuss OPEC+ Plans Beyond 2020

A second government source said Russia, for now, would not disclose its plans on whether to continue with the current oil output cuts in order to prevent an overreaction in the market.

October 20, 2020

Crude Oil , Trade , International

Saudi Arabia Crude Oil Exports Rise for Second Consecutive Month

Additionally, Saudi Arabia's crude oil output rose by 500,000 bbl/d to 8.98 million bbl/d in August, official figures showed.

October 20, 2020

Crude Oil , Trade , International

OPEC Pledges Action to Support Oil Market as Demand Concerns Grow

OPEC and allied producers on Oct. 19 pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand.

October 19, 2020

Petrochemicals , Crude Oil , Trade , International , Storage

What’s Affecting Oil Prices This Week? (Oct. 19, 2020)

Global oil participants saw contradicting messages last week from OPEC and Russia with regards to their approach for rebalancing markets, reminiscent of what happened in early March, Stratas Advisors says in its latest oil price forecast.

October 19, 2020

Liquefied Natural Gas (LNG) , Natural Gas , Exports , International , Emissions , Renewables

EIA: China Primed for Jump in Natural Gas Demand

Renewables will grow, too, as Asian electricity demand soars between now and 2050.

October 15, 2020