Trade

Crude Oil , Trade

‘Business As Usual’ After Saudi Attacks, IEA Says

Saudi Arabia took just 11 days to restore lost output, though average supply there tanked by 770,000 bbl/d to just over 9 million bbl/d in September—the lowest level since 2011.

October 11, 2019

Trade , International , Tankers

Oil Shipping Rates Soar As US Supertanker Sanctions Rattle Crude Trade

Sanctions levied on Chinese shipper COSCO following charges of moving crude out of Iran.

September 28, 2019

Trade

US Imposing Sanctions On Chinese Entities Over Iranian Oil: Pompeo

The United States is imposing sanctions on certain Chinese entities for knowingly transferring oil from Iran, U.S. Secretary of State Mike Pompeo said in what he called fresh actions to intensify pressure on Iran.

September 25, 2019

Crude Oil , Trade , International

OPEC Cuts 2020 Oil Demand Forecast, Urges Effort To Avert New Glut

Cartel may move to deeper cuts as the global economic slowdown collides with an expected growth in supply.

September 11, 2019

Trade , Renewables

Many US Farmers Fume At Washington, Not Trump, Over Biofuel, Trade Policies

Many farmers are angry, and some are directing their anger not at the Republican president, but at Washington's bureaucracy.

September 10, 2019

Trade

Iraq Resists US Pressure To Reduce Iranian Gas Imports

Iraq will struggle to generate enough electricity unless it continues to use Iranian gas for three to four more years, the electricity minister said on Sept 10, resisting U.S. pressure to stop the imports from its Middle East neighbor.

September 10, 2019

People , Trade

Weakened Saudi Energy Minister Must Answer To Audience Of One

Saudi Energy Minister Khalid al-Falih’s loss of status puts him under new pressure to meet crown prince’s goals.

September 6, 2019

Crude Oil , Trade

Sanctions Choke Iran's Crude Sales, But Oil Product Exports Booming

While U.S. sanctions on Iran's oil industry have slashed the OPEC member's crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show.

September 2, 2019

Trade , Pipelines

Plains To Remove Steel Tariff Surcharge On Cactus II

The filing follows a request to FERC by ConocoPhillips and Encana to reject the surcharge.

August 27, 2019

Trade

Caught In Tariff War, Sinopec Seeks Waiver For Imported US Oil

Largest refiner in Asia might temporarily store the oil or ship it elsewhere if waiver is not granted.

August 26, 2019