Trade
Crude Oil , Trade , International
Oil Prices Hit One-month High as IEA, OPEC Raise Forecasts
Supply discipline and rebounding economies are set to give oil a chance to break out of the recent range, Goldman Sachs analysts said in a report.
Crude Oil , Trade , International
OPEC Raises Oil Demand Growth Forecast on Hope Pandemic Wanes
The upward revision marks a change of tone from previous months, in which OPEC has lowered oil demand forecasts because of continued lockdowns.
Markets , Trade , Health, Safety & Environment , Emissions
Commodities Trader Trafigura Launches Carbon Trading Desk
The new Trafigura carbon trading team, to be headed by Hannah Hauman, will be based in Geneva, Houston and Singapore.
Business , Exploration & Production , Natural Gas , Trade , Shale Plays , Midstream
Oil and Gas Investor Eagle Ford Natural Gas: Texas Gas to Mexico
While U.S. natural gas demand was mostly flat in 2020, Mexico’s grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Ford’s underdeveloped gas fairway.
Crude Oil , Trade , International
OPEC+ to Gradually Ease Oil Output Cuts from May
A few days before the April 1 meeting, OPEC+ delegates had said the group would likely keep most existing oil output cuts in place. But in the 24 hours before the meeting started, sources said discussions had shifted to a possible output increase.
Crude Oil , Trade , International
US Energy Secretary Jennifer Granholm Calls Saudi Energy Minister Ahead of OPEC Meeting
The call by U.S. Energy Secretary Jennifer Granholm was the first call to Saudi Arabia from a U.S. official ahead of an OPEC meeting since U.S. President Joe Biden took office.
Crude Oil , Trade , International
OPEC+ Lowers Oil Demand Growth Forecast Ahead of Meeting
The Joint Technical Committee of OPEC+, which advises the group of oil-producing nations that includes Saudi Arabia and Russia, met on March 30 ahead of a ministerial meeting on April 1 to decide output policy.
Crude Oil , Trade , International
China’s Iran Oil Imports Seen Hitting New High in March
Imports of Iranian oil skirt US sanctions.
Crude Oil , Trade , International
Saudi Arabia Reportedly Wants OPEC+ to Extend Oil Cuts to June
Saudi Arabia is also ready to extend its own voluntary cuts to boost oil prices amid a new wave of coronavirus lockdowns, a source briefed on the matter told Reuters.
Liquefied Natural Gas (LNG) , Exports , Midstream
Column: US Gas Industry Increasingly Relies on LNG Exports
Natural gas producers need export markets to absorb excess production and keep domestic prices buoyant.