Trade

Crude Oil , Trade

WTI Crude Oil Hits Highest Since 2019 as Refineries Restart

Analysts said WTI crude increased late in the day as more Texas oil refineries started to return to service, including Valero Energy’s Port Arthur plant and Citgo Petroleum’s Corpus Christi plant.

February 25, 2021

Crude Oil , Trade

Oil Prices Jump More Than $1 as US Output Slow to Restart

Morgan Stanley expects Brent crude prices to climb to $70/bbl in the third quarter on “signs of a much improved market” including prospects of a pick-up in demand.

February 23, 2021

Crude Oil , Trade , International

Russia, Saudi Arabia At Odds over Oil Cuts Ahead of OPEC+ Meeting: Reports

Key questions for the OPEC+ meeting will be whether Saudi Arabia rolls back its voluntary cut of 1 million bbl/d and whether there is room for an additional increase in supply from the whole oil producer group.

February 22, 2021

Liquefied Natural Gas (LNG) , Natural Gas , Trade

Texas RRC Notifies Producers of Governor Abbott’s Mandate to Keep Gas in State

The Texas Railroad Commission, though, likely does not have the authority to interfere with contracts between companies to sell gas out of state, says Commissioner Jim Wright.

February 18, 2021

Business , Crude Oil , Trade

Oil ‘Supercycle’ Predictions Divide Veteran Traders

Bullish Wall Street banks expect crude oil prices to rise as high as $100 as the world economy rebounds.

February 18, 2021

Liquefied Natural Gas (LNG) , Natural Gas , Trade

Mexico Presses US to Guarantee Natural Gas Supplies after Texas Export Ban

Texas Governor Greg Abbott ordered the restrictions on out-of-state supplies of natural gas from Texas through Feb. 21, citing the weather emergency. Mexico is Texas’ main out-of-state customer for gas.

February 18, 2021

Exploration & Production , Markets , Trade , Shale Plays

Texas Governor Bans Natgas Exports Amid Freeze; Oil Producers Still Shut

Governor Greg Abbott directed Texas natural gas providers not to ship outside the state until Feb. 21 and asked the state energy regulator to enforce his export ban.

February 18, 2021

Crude Oil , Trade , International

Saudi Arabia Set to Raise Oil Output, Reversing Recent Production Cut: Reports

Saudi Arabia is expected to announce its plans when a coalition of oil producers meets next month, according to a WSJ report on Feb. 17, adding that the output rise won’t kick in until April. 

February 17, 2021

Trade , International , Pipelines

US Senators Prod Biden on Nord Stream Pipeline Sanctions

Russian state gas company Gazprom is racing to finish the $11 billion Nord Stream 2 project to bring natural gas to Europe via Germany ahead of the implementation of further U.S. sanctions.

February 17, 2021

Crude Oil , Trade , International

Brent, WTI Crude Oil Prices on Track for Weekly Gains

WTI crude oil in the U.S. was on track for a weekly gain of about 5% while Brent was set for a 5.7% rise on the week due to hopes a U.S. stimulus will boost the economy and fuel demand.

February 12, 2021