Natural Gas liquids (NGL) , Trade , International , Midstream

US Waives Sanctions on Russia’s Nord Stream 2 Pipeline to Germany

The decision to waive sanctions on the company behind Russia’s Nord Stream 2 gas pipeline and its CEO came as the Biden administration seeks to rebuild ties with Germany.

May 20, 2021

Crude Oil , Trade

Oil Hits $70 Marking Two-month High as Europe, US Reopen Economies

The latest gain to $70 brings Brent’s rally this year to 35%, supported by supply cuts by OPEC and allies. This could lead to a further advance, some analysts said.

May 18, 2021

Imports , International , Infrastructure , Pipelines

Canada: Enbridge Line 5 Shutdown Could Undermine US Ties

Michigan set a May 12 deadline for Enbridge to shut down the crude oil pipeline.

May 12, 2021

Crude Oil , Trade , International

Saudi Arabia Cuts Oil Prices for Asia, Sources Say

Top oil exporter Saudi Arabia has cut the June official selling prices (OSPs) of all crude grades it sells to Asia, sources say.

May 6, 2021

Trade , International , Tankers

Mexico Port Works on US-Sanctioned Cuban Tankers that Carry Venezuelan Oil

Work on the tankers could potentially violate sanctions on Venezuela, lawyers say.

April 30, 2021

Crude Oil , Trade , International

OPEC+ Sticks to Plan to Ease Oil Output Cuts Beginning in May

A market monitoring panel decided to stick to policies broadly agreed upon at a previous April 1 meeting of OPEC+, Russian Deputy Prime Minister Alexander Novak said after the talks.

April 27, 2021

Crude Oil , Trade , International

OPEC+ Worried by Surge in COVID-19 Cases, Sources Say

The OPEC+ joint technical committee raised its forecast for global oil demand growth in its most recent monthly oil market report while also expressing concern about rising COVID-19 cases in India and elsewhere.

April 26, 2021

Crude Oil , Trade , International

Fire Extinguished on Oil Tanker Off Syria after Suspected Drone Attack

The identity of the vessel was unclear, with Iran’s al-Alam TV saying it was one of three Iranian oil tankers that had recently arrived at the Syrian oil terminal, while the semi-official news agency Tasnim denied it was Iranian.

April 26, 2021

Crude Oil , Trade , Legislation , International

US House Panel Advances Bill to Allow Anti-trust Suits Against OPEC

The so-called NOPEC bill, introduced by Representative Steve Chabot, would allow the U.S. Justice Department to bring anti-trust lawsuits against oil-producing countries in OPEC.

April 20, 2021

Crude Oil , Trade , International

Oil Prices Slip as Rising COVID-19 Cases Spark Demand Concerns

India reported a record rise in coronavirus infections of 273,810 on April 19, increasing overall cases to just over 15 million, making the country the second-worst affected after the U.S.

April 19, 2021