U.S. crude producers may have lost the fast-growing China market because of President Donald Trump's trade dispute, but they have more than compensated by making inroads into the rest of top oil-consuming region Asia.
U.S. refiners warned the Trump administration that tariffs on imports from Mexico could deliver a punishing blow to refiners and raise the cost of gasoline just as the U.S. driving season kicks into high gear, according to sources familiar with the discussions.
Occidental Petroleum’s takeover of Anadarko Petroleum remains subject to other customary closing conditions, including approval from Anadarko’s stockholders.
Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC+ group of oil producers to continue working towards oil market stability in the second half of the year, the Saudi-owned Arab News newspaper reported on Monday.
Mexican President Andres Manuel Lopez Obrador reiterated on June 2 the need for oil independence as his government said it would tender six construction contracts in June for a planned oil refinery in the southern state of Tabasco.
Israel's Delek Drilling hopes to begin commercial sales of natural gas to Egypt by the end of the month, a senior company executive said on June 2.
Saudi Arabia's King Salman said on Saturday that attacks on Saudi oil assets last month by Iran-backed groups are a threat to global oil supplies and regional security.
Sempra has a long-term goal of exporting 45 mtpa of North American LNG and is developing a second two-train phase at Cameron and the Port Arthur LNG export terminals.
Oil was on track for its biggest monthly drop in six months on May 31 as U.S. President Donald Trump ramped up trade tensions, weighing on the demand outlook.