Prices - Crude Oil

Petrobras Oil Pipe Spills 377 Barrels After Theft Attempt

Most of the spill has been cleaned up but event illustrates the danger of oil theft.

Reuters

Libya’s NOC Declares Force Majeure On El Sharara Oil Exports

NOC said in a statement the shutdown of its biggest oil field would result in a production loss of 315,000 barrels per day (bbl/d) at the site, and an additional loss of 73,000 bbl/d at the El Feel oil field.

Reuters

Mexico Energy Reform: Potential Dispute Settlement Mechanisms

New presidency throws the country’s reform into uncertainty for investors.

Julissa Reynoso, Marcelo Blackburn, Michael Fernández & Rodolfo Herrera-Moro, Winston & Strawn LLP

Analysts: OPEC Decision Good For Global Market, US Shale Producers

After oil market dropped 30% from October, the market jumped 5% with OPEC’s decision to cut oil production by 1.2 million barrels per day.

Terrance Harris

Oil Surges 5% As OPEC Agrees To Production Cuts

Two-day marathon meeting leads to more bullish than expected oil output cuts by OPEC and its allies.

Hart Energy Staff

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

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

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

Headlines: All Eyes On Vienna, Oil Cut Agreement Waits On Russia

Plus, Mexico's new president takes a stance with oil majors, Berry Petroleum exits East Texas for California and Scotland-based Wood to build an NGL pipeline in West Texas.

Jessica Morales

Canada-To-US Oil Pipelines Restart After Weather Disruptions

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

Reuters

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

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

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