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Oil
Crude Oil
Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut
Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.
Crude Oil
Oil Slides as U.S. Crude and Gasoline Stocks Surge
Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans…
Crude Oil
ADNOC Drilling Contract as UAE Steps up Oil & Gas Production
ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.
Oil Pipeline
Shell Investigates in Nigeria After Report of Nine-Year Oil Theft
Oil major Shell's Nigerian subsidiary is investigating reports that an illegal oil tap ran for nine years on a pipeline it operates, a spokesperson said on Wedn…
United States
U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…
United States
U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year
Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the yea…
Natural Gas
Russia Could Deliver Gas via Nord Stream 1, but Not Nord Stream 2 - Germany
Germany will not take Russian gas via the Nord Stream 2 pipeline, a government spokesperson said on Wednesday after Russian President Vladimir Putin offered to …
LNG
Chevron Sees LNG Growth Opportunity in Europe on Strong Demand- Top Executive
U.S. oil major Chevron Corp expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top exec…
Natural Gas
Gas Price Cap Deal Eludes EU Countries, for Now
The European Union will unveil proposals next week to launch joint gas buying within months and develop an alternative gas price benchmark.
Natural Gas
Germany Launches Investigation into Nord Stream Blasts
German federal prosecutors said they had opened an investigation against “unknown persons”.
OPEC
U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse
U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…
Crude Oil
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…
Oil Refinery
French Refinery Strikes Worsen as France Moves to Call Back Essential Workers
France said on Tuesday that it would requisition essential workers to staff Exxon’s French oil depot, and threatened to do the same for Total’s French refiner…
Israel
Israel and Lebanon Reach Historic Agreement That Unlocks Oil and Gas Reserves
Israel and Lebanon have reached a “historic” agreement to settle their long-running dispute over their maritime border.
Natural Gas
Natural Gas Prices in Europe Fall to a Three-Month Low
On Monday, Europe’s natural gas prices fell to the lowest level in three months thanks to mild weather and a high level of LNG imports.
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