Trade
Crude Oil , Trade , International , Storage
Oil Prices Slump as Coronavirus-related Demand Concerns Resurface
In Houston, Lina Hidalgo, senior official for the county that includes the city at the heart of the U.S. oil industry, said "we may be approaching the precipice of a disaster."
Crude Oil , Trade , International
Saudi Arabia to End Voluntary Cuts on Top of OPEC+ Pact
Saudi Energy Minister Prince Abdulaziz bin Salman said that this would not continue in July, when Saudi Arabia will pump its OPEC quota, amid signs of demand recovery.
Crude Oil , Trade , International
Analysts: Oil Price Rally to Continue as OPEC+ Extends Output Cuts
Following the deal, oil prices will continue rallying throughout the month of June, averaging at around $43/bbl for Brent and $30/bbl for WTI, analyst says.
Crude Oil , Trade , International
Chevron Oil Cargo Tangled in US Sanctions on Venezuela
A Chevron Corp. crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed.
Crude Oil , Trade , International
Saudi, Russia Reach Deal on Oil Cuts
Preliminary pact raises pressure on other OPEC+ members to comply.
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.
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.
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.
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.
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.