Trade
Markets , Trade , International
Iranian Fuel Seized by US to Reportedly Reach Texas Within Days
The U.S. announced in August that it had confiscated 1.1 million barrels of Iranian fuel bound for Venezuela, part of Washington's efforts to disrupt trade between Caracas and Tehran.
Liquefied Natural Gas (LNG) , Natural Gas , Trade , International , Midstream
German Chancellor Merkel Doesn’t Rule Out Sanctions on Russian Gas Pipeline
Chancellor Angela Merkel is under mounting pressure from members of her conservative party to suspend the Nord Stream 2 pipeline, a huge project to double Russian gas exports to Germany.
Business , Petrochemicals , Crude Oil , Trade , International
US Blacklists Companies for Helping Facilitate Iran’s Exports of Petroleum, Petrochemicals
The State Department also imposed sanctions on five companies for engaging in transactions related to Iran’s petroleum and petrochemical industry, as well as on three executive officers of the blacklisted companies.
Exploration & Production , Crude Oil , Trade , International
OPEC August Oil Output Rises for Second Month as Supply Cut Eased
OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.
Trade , International
Top Envoy: US Preparing Tighter Oil Sanctions on Venezuela
Exemptions for European and Asian companies for diesel would be removed.
Investment , Trade , Methane , Legislation , Emissions , Renewables , Shale Plays
Biden’s US Energy Policy Gamble
Republicans say Joe Biden’s promise to invest $2 trillion in green energy threatens tens of thousands of jobs in the oil and gas sector.
Crude Oil , Trade , International
Saudi Crude Oil Exports Plunge to Lowest on Record
Crude exports from Saudi Arabia, the world's largest oil exporter, extended a decline in June to the lowest on record as global demand remained squeezed by the COVID-19 pandemic.
Investment , Crude Oil , Trade
United States Oil Fund Faces Possible SEC Action
The SEC is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due to statements made after oil prices plunged into negative territory.
Policy & Regulations , Trade , International
Report: US Weighs More Sanctions On Venezuela
Steps could target crude oil swaps with European and Asian countries.
Crude Oil , Trade , International
OPEC+ Compliance with Oil Production Cuts Around 97% in July
In August, OPEC+ eased its oil pruduction cuts to 7.7 million bbl/d from 9.7 million bbl/d previously, a record cutback, as demand partially recovered.