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.

June 2, 2020

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.

May 29, 2020

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.

May 28, 2020

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.

May 15, 2020

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. 

May 14, 2020

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.

May 14, 2020

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.

May 12, 2020

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.

May 11, 2020

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.

May 8, 2020

Business , Exploration & Production , Crude Oil , Trade

Opinion: US Should Do Its Part in Oil Production Cuts

Regulating production helps stabilize wildly volatile oil market.

May 5, 2020