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United States
US Oil Prices Soar To 6-Year High In OPEC Standoff
The U.S. benchmark oil price WTI Crude hit its highest level since November 2014 early on Tuesday, after OPEC+ on Monday called off its third attempt to reach a…
Oil Price
Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook
The drawdown came before the Colonial Pipeline was hit by a cyberattack last Friday which forced the pipeline, which transports more than 2.5 million barrels a …
Oil Price
US Oil Surges Above $64 on Anniversary of Sub-Zero Plunge
Prices have since added more than $100 per barrel, following production cuts by Opec+ as well as resumption of mobility
Electric Vehicle Battery
Schlumberger Building Nevada Li Pilot Plant
US oilfield services giant Schlumberger is dipping its toes into lithium extraction with a new pilot plant in Nevada as automakers boost production of battery-p…
Crude Oil
US Crude Output Down Sharply on Storm
Power outages and freezing temperatures have forced US oil producers to shut down or reduce operations significantly, with impacts ranging from 2mn b/d to as hi…
Crude Oil
Belarus to Raise Export Duties on Oil
Belarus will raise export duties on oil and oil products for destinations outside the Eurasian Economic Union, on Feb. 1, 2021, the government said in a stateme…
Crude Oil
US Oil Industry Braces for Biden Takeover
The threat of reduced access to federal lands and new rules on infrastructure could prompt the sector to offer alternative green initiatives, writes Chris Knigh…
Oil & Gas Supply
Belarus Secures Russian Oil and Gas Supplies for 2021
The details of the bilateral deal, however, do not appear to reflect any sort of compromise by both sides.
Crude Oil
Belarus Suspends Klaipeda Oil Product Exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
Oil Field
ExxonMobil in Negotiations to Acquire Stake in India’s Oil and Gas Fields
US oil major ExxonMobil is reportedly in talks to acquire a stake in India’s producing oil and gas fields.
Crude Oil
US Election 2020: Tough Choices for Oil Industry
Presidential election presents two superficially distinct paths for the US oil and gas industry — four more years of "energy dominance" under President Donald …
United States
US Oil & Gas Rig Count Falls to Record Low for 11th Week: Baker Hughes
The US oil and gas rig count, an early indicator of future output, fell by five to an all-time low of 253 in the week to July 17.
Oil & Gas Trade
US Court Orders Seizure of Iranian Gasoline Cargoes
A US federal court today authorized the seizure of 1.16mn bl of Iranian gasoline aboard four tankers, which are allegedly transporting it to Venezuela.
Oil Pipeline
Will America's Pipeline Operators Survive the Oil Crisis?
Pipeline utilization by mid-stream US oil and gas companies has fallen sharply in recent months.
Oil & Gas Trade
US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week
The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker H…
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