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.

September 8, 2020

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.

September 8, 2020

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.

September 3, 2020

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.

September 2, 2020

Trade , International

Top Envoy: US Preparing Tighter Oil Sanctions on Venezuela

Exemptions for European and Asian companies for diesel would be removed.

September 1, 2020

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.

August 25, 2020

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.

August 21, 2020

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.

August 19, 2020

Policy & Regulations , Trade , International

Report: US Weighs More Sanctions On Venezuela

Steps could target crude oil swaps with European and Asian countries.

August 19, 2020

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.

August 17, 2020