Trade
Crude Oil , Trade , International
Report: OPEC+ Agrees to Small Oil Output Hike from January
OPEC, Russia and allies, a group known as OPEC+, had previously been expected to extend existing oil cuts of 7.7 million bbl/d, or 8% of global supplies, until at least March.
Exploration & Production , Crude Oil , Trade , International
Norway Oil Output Curbs to Expire at Year-end
Following a sharp drop in crude prices in early 2020 as the coronavirus pandemic hit demand, Norway in April announced it would slash oil output for the final seven months of the year.
Crude Oil , Trade , International
Report: OPEC+ Postpones Oil Output Policy Talks Amid Disagreement
After consultations on Nov. 29 failed to reach agreement, sources said Russia suggested a possibility for OPEC+ to start increasing output by 500,000 bbl/d each month from January.
Markets , Trade , International
OPEC Reaches Consensus to Extend Oil Cuts, Algeria Says
OPEC, Russia and others, a group known as OPEC+, hold their wider talks on Dec. 1, after informal discussions of key ministers on Nov. 29 had failed to reach a consensus on oil output cuts.
Crude Oil , Trade , International
Report: OPEC+ Yet to Find Compromise on Oil Policy for 2021
OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Nov. 29 and ahead of crucial meetings on Nov. 30 and Dec. 1, four OPEC+ sources told Reuters.
Petrochemicals , Crude Oil , Trade , International
What’s Affecting Oil Prices This Week? (Nov. 23, 2020)
The world witnessed the long-waited announcements related to successful trial results of several vaccines, which are the preliminary requisite for quick regulatory approvals that will then translate into mass production and distribution.
Petrochemicals , Crude Oil , Trade , International
What’s Affecting Oil Prices This Week? (Nov. 16, 2020)
There are three additional variables which oil markets are not used to deal with in the fourth quarter: the current infections uptick in Europe, the U.S. presidential transition and announcements about new vaccines, all of them adding bearish or bullish pressure to prices over the next few months.
Exploration & Production , Policy & Regulations , Exports , Methane , Legislation , Infrastructure , Emissions , Renewables , Shale Plays , Pipelines
Expert: Oil and Gas Has Georgia on its Mind
If two Republican senators don’t win their seats in the January runoff, Ethan Bellamy expects oil to be a loser during Joe Biden’s administration.
Crude Oil , Trade , International
Iran Says Exports Hit 700,000 Barrels Per Day of Oil, Later Denies
An Iranian official said on Nov. 11 that Tehran exported up to 700,000 bbl/d of oil since March, but was later quoted by an Iranian news agency casting doubt on the figure which had been kept secret.
Trade , International , Acquisitions & Divestitures
Australia-China Row Halts Woodside LNG Asset Sale
Woodside Petroleum had been in talks with China's national oil firms, including PetroChina, and second-tier firms to sell a modest stake in the linked Scarborough gas field and Pluto LNG Train 2 project.