Industry Trends ///

Oil from Kuwait to U.S. stops for the first time since Gulf War

Kuwait has all but stopped shipping crude to the U.S. for the first time since the aftermath of Saddam Hussein’s invasion in 1990, eroding an economic link between Washington and the Arab petro-monarchy.

Iraqi crude exports extend gains in September as buyers shun Iran

Iraq exported more than 4 MMbpd for a second consecutive month in September as buyers sought alternative supplies to Iran ahead of U.S. sanctions.

Russian oil output rises to record as OPEC cuts rolled back

Russia’s oil production hit a post-Soviet high last month as the country rolled back the output cuts it had agreed on with OPEC.

Power to the Permian? Spotty at best

America’s fastest-growing source of energy has a power problem.

Oil extends longest quarterly rally in a decade on supply risks

Oil extended gains in London after the longest quarterly rally in a decade as a slowdown in American drilling added to concern that supply losses around the world will lead to a tight market.

Fate of shared oil fields unclear after Saudi-Kuwait royal talks

The Saudi crown prince held talks with Kuwait’s ruler about increasing cooperation on oil policies.

What oil at $100/bbl would mean for the world economy

Rising oil prices are prompting forecasts of a return to $100/bbl for the first time since 2014, creating both winners and losers in the world economy.

Neptune Energy completes acquisition of VNG Norge

Neptune Energy Group has announced the closing of the acquisition of VNG Norge AS, as signed on June 28.

Mexico oil auction winners stay positive as industry slows down

Mexico’s oil auction winners BHP Billiton Ltd and DEA Deutsche Erdoel AG are hopeful that the slowdown in bid rounds is a feature of the country’s political transition and won’t be permanent.

Oil's leap toward $100 softens the blow of Russia sanctions

When former U.S. President Obama imposed sanctions on Russia in 2014, a drop in oil prices turned the penalties into a crushing blow. This time round, markets are doing the opposite.

Shell's LNG Canada moves ahead as Asian partners give approval

Two of Shell’s Asian partners in a LNG venture in western Canada approved their share of the investment, pushing the project closer to a final approval.

Cenovus signs oil-by-rail deals amid Canada pipeline pinch

Cenovus Energy Inc. signed deals to transport about 100,000 bpd of heavy crude by rail to the U.S. Gulf Coast from Alberta as a pipeline bottleneck depresses Canadian oil prices.

Total sees $100-oil on the horizon, and says it may not be a good thing

Total SA is among a growing chorus that sees $100-oil on the horizon. But the French energy giant isn’t thrilled about it.

Oil rises as U.S. says no plan to tap emergency stockpiles

Oil rose a day after the U.S. Energy Secretary ruled out tapping the Strategic Petroleum Reserve, compounding concerns that sanctions on Iran that will tighten markets.

Oil majors announce joint industry human rights supply chain engagement

BP, Equinor, Shell and Total CEOs announce that they have agreed to join forces to create a collaborative approach to human rights supplier assessments in the energy industry.

EU plan to sidestep Iran sanctions won't keep oil flowing

A plan by the EU, Russia and China to sidestep U.S. sanctions on Iran by using an alternative payment system won’t give its buyers a free pass to handle Iranian crude.

Oil falls amid first signs of expanding U.S. crude stockpiles

Oil dropped as U.S. crude inventories rose for the first time in more than a month.

Qatar seeks growth in gas as race with U.S. heats up

The world’s biggest producer of liquefied natural gas wants to bulk up as competing supplies from Australia and the U.S. are also set to come to the market over the next decade.

Oil majors warn of backlash on climate change commitment

The world’s biggest oil and gas companies made an unprecedented vow to cut their contributions to global warming, even as they warned of a potential backlash from pushing change too quickly.

BP sees bigger impact from Iran oil sanctions than last round

Sanctions on Iran’s crude sales are likely to put more pressure on the oil market than the last time, spurring volatility for the rest of the year, according to BP Plc Chief Executive Officer Bob Dudley.