Ukraine’s Odessa Gets First WTI Cargo
Country has moved to diversify its supply away from Russia.
Sources: Russian Oil Output Dips Toward OPEC+ Quota Limit
Energy Ministry ordered companies to cut production by 20%.
Germany Denies Nord Stream 2 Pipeline Waiver of EU Rules
Rules apply to operation, not construction of gas pipeline.
Russian Group Hires TechnipFMC to Design $10 Billion LNG Plant
Russian investment group A-Property has hired energy services company TechnipFMC on May 5 to design a $10 billion LNG operation in the north of the country that it hopes to complete by 2025 and sell LNG to Asia.
Sources Say Trump Told Saudis: Cut Oil Supply or Lose Military Support
President threatened to allow group of senators to push through measure to cut off aid.
Analysis: Will OPEC+ Members Comply with Pledged Oil Cuts?
The record oil production cuts agreed to by OPEC, Russia and other producers may not be delivered in the short-term, according to analyst.
Diplomat: US Could Still Wield Oil Import Tariffs if OPEC+ Producers Break Deal
While it remains an option, administration says it doesn’t believe it will be necessary.
Shell Ditches Russian Arctic Oil Joint Project
Total resources at fields of Meretoyakha Neftegaz were valued by Gazprom Neft at 1.1 billion tonnes (over 8 billion barrels of oil).
Oil Prices Erase Early Gains on Record OPEC+ Output Cut
After four days of wrangling, OPEC, Russia and other oil-producing nations agreed to cut output by a record amount of 9.7 million bbl/d, representing around 10% of global supply.
OPEC, Russia Reach Deal to Cut Oil Production
Oil prices fall as traders fear reductions agreed to by OPEC and Russia will fail to offset biggest demand collapse in history.