News

Crude Oil

Trump Administration Targets Pair Of Obama-Era Rules To Boost Oil, Coal

The Trump administration took aim at Obama-era environmental policies with the proposal to open up a bird's wildlife habitat to oil and gas drilling.

Reuters

Crude Oil

OPEC Talks Stall As Saudis Refuse To Exempt Iran From Oil Cut

OPEC talks on oil production cuts reached deadlock on Dec. 7 as the group's leader Saudi Arabia refused to grant sanctions-hit Iran exemptions from planned reductions, OPEC sources said.

Reuters

Crude Oil

Oil Edges Higher After Russia Indicates Larger Output Cut

Benchmark Brent oil edged up on Dec. 7 after indications Russia would contribute a bigger output cut than previously suggested to an OPEC and non-OPEC deal, although prospects for an overall agreement still hung in the balance.

Reuters

Acquisitions & Divestitures

Williams Sells Gulf Coast Assets To Easton Energy For $177 Million

Williams sold certain Gulf Coast midstream assets, which a company executive said ‘were not core’ to its business strategy, to Easton Energy backed by Cresta Energy Capital.

Emily Patsy

Crude Oil

Canada-To-US Oil Pipelines Restart After Weather Disruptions

Enbridge, TransCanada pipes carry a combined 1.8 million bbl/d.

Reuters

LNG

US LNG Developer Tellurian Strikes Initial Offtake Deal With Vitol

The memorandum of understanding with Vitol is Tellurian's first preliminary offtake deal for its Driftwood LNG export project on the U.S. Gulf Coast.

Reuters

Crude Oil

EIA: US Turns Into Net Oil Exporter As Imports Fall

The EIA reported crude oil inventories fell 7.3 million barrels in the week to Nov. 30, which was the first drop in U.S. crude stocks since September and came as exports surged to a record.

Reuters

Regulation

British Columbia Details Plan To Shift Homes, Cars To Clean Energy

Plan would cut emissions by 40% by 2030.

Reuters

Crude Oil

OPEC Agrees To Tentative Oil Cut, Waits For Russia To Commit

OPEC tentatively agreed an oil-output cut on Dec. 6 but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.

Reuters

Crude Oil

UPDATED: OPEC Oil Cuts At Risk As Russia Yet To Commit

OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Dec. 6.

Reuters

Crude Oil

Oil Tumbles 5% After OPEC Hints At Smaller Output Cut

Oil lost nearly 5% on Dec. 6 after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks.

Reuters

Construction

Wood Announces Deal To Build W. Texas Pipeline

Large-cap midstream operator contracts for 80-mile pipe.

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