Production ///

Crude falls on supply increase, U.S. weighs SPR release

Crude retreated below $70/bbl as Saudi Arabia is said to offer extra crude to some customers, while the U.S. will consider tapping emergency supplies to offset losses elsewhere.

Saudis offer extra oil in Asia as OPEC leader pumps more

Evidence is mounting that Saudi Arabia is heeding U.S. President Donald Trump’s call for OPEC to keep the oil market amply supplied and rein in prices.

Total acquires Engie’s LNG business, becomes world’s second largest LNG player

Total acquired Engie’s LNG assets for $1.5 billion.

Oil set for weekly loss on trade war fears, Libya supply return

Oil headed for a weekly loss as escalating trade tensions between the U.S. and China rattled investors, while Libya’s plans to restore output allayed fears of a supply crunch.

Russia says OPEC+ could boost oil supply more than pledged

OPEC and its allies could boost oil production by more than the 1 MMbpd agreed last month if needed.

OPEC output may be stretched to limit by supply crises, IEA says

OPEC’s Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy Agency said.

Crude's bull run made this oil-sands producer Canada's top stock

For any investor who was looking to gain from rising oil prices, there may not have been a better way to play the recent bull run than MEG Energy Corp.

Oil pares losses after biggest U.S. crude stock draw since 2016

Crude pared losses after a government report showed the biggest decline in domestic crude inventories since September 2016, yet fears of an escalating trade war with China overshadowed the drop.

Nigeria takes first step in $12-billion LNG expansion plan

Nigeria is taking its first steps to expand its LNG capacity by a third, outlining a $12-billion program to keep up with the world’s biggest producers.

Trump and Merkel exchange barbs in showdown over Russia’s pipeline

Donald Trump and Angela Merkel traded barbs at a NATO summit as Trump blasted Germany over its support for a gas pipeline from Russia.

Trump’s OPEC tweets have Putin preparing for oil talks

When Russian President Putin meets Donald Trump next week, he’ll be armed to discuss oil production following the U.S. leader’s series of tweets targeting OPEC.

Nanotera launches plant based surfactants for the oil industry

Nanotera has introduced plant-based solutions to replace chemical and hazardous products in the oil and gas industry.

Element opens new oil and gas laboratory in Singapore

Element Materials Technology has opened a new laboratory in Singapore, servicing the oil and gas sector.

Libya's eastern oil exports to resume on ports deal

Libya’s eastern oil ports will resume shipments after the state energy producer regained control of the terminals following clashes in the region last month.

Oil falls as trade war escalates

Oil fell toward $73/bbl in New York after U.S. President Donald Trump escalated a trade war with China, heightening fears that global economic growth could be caught in the cross-fire.

U.S. said to meet Saudi leaders to discuss Iran oil sanctions

U.S. government teams spent three days in Saudi Arabia discussing ways to cut off money flows to Iran without disrupting energy markets.

OPEC sees rival supplies growing most in five years in 2019

OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the U.S. alone sufficient to meet the growth in global demand.

U.S. is set to become world's top oil producer, government says

The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play.

Oil strike in Norway shuts Shell field as escalation looms

A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action during the weekend.

EIA: China is a key destination for increasing U.S. energy exports

In recent years, as its domestic energy consumption has grown, China has become a more significant destination for U.S. energy exports. In particular, China has been among the largest importers of U.S. exports of crude oil, propane, and liquefied natural gas.