BROADCASTS.com

b'Aramco maintains July crude cuts to some Asian buyers
https://www.argusmedia.com/en/news/2114337-aramco-maintains-july-crude-cuts-to-some-asian-buyers
- Aramco raised OSPs to Asia about $6 but WILL Refiners bite? Seems like some are taking full volume but others are looking at more Russian Urals and US WTI instead

Iraq agrees with oil companies on deeper output cuts in June- sources
https://www.reuters.com/article/global-oil-iraq/update-1-iraq-agrees-with-oil-companies-on-deeper-output-cuts-in-june-sources-idUSL8N2DR0H4
- Iraq finally agreed with Lukoil, BP and Exxon on further production cuts

Germany will require all petrol stations to provide electric car charging
https://www.reuters.com/article/us-health-coronavirus-germany-autos-idUSKBN23B1WU
- 70,000 charging stations 7,000 fast charging stations needed
- Will electric vehicle users actually charge their cars at gasoline stations? Or are the infrastructure needs of EVs totally different from those of ICE vehicles?

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions
https://uk.reuters.com/article/uk-venezuela-oil-deals-special-report/special-report-vast-amounts-of-venezuelan-oil-are-hidden-en-route-to-china-bypassing-u-s-sanctions-data-documents-idUKKBN23J1N7
- How? Put it in a tanker and say its going to Malaysia and use a Rosneft subsidiary in Switzerland

Banks Cut Shale Drillers\\u2019 Lifelines as Losses Mount
https://www.wsj.com/articles/banks-cut-shale-drillers-lifelines-as-losses-mount-11592217000
- $1.2 billion to $700 million from Centennial. Who gets the money? Is the money going from one driller to another? Or is it cutting out oil and gas from its portfolio entirely and shifting it to real estate?
- Not enough information to say whether this is actually bad news or not since reigning in credit limits could just be a response to decisions by companies to drill less

What rebound? North Dakota in economic crunch as virus batters oil, agriculture
https://www.reuters.com/article/us-health-coronavirus-usa-states-insight-idUSKBN23J1I9
- Trouble in North Dakota due to agriculture and oil
- 53% of North Dakota tax revenue comes from oil taxes. Is North Dakota a petrostate?

Texas Oil-Export Terminals Start Up Even as Shipments Tumble
https://www.bloomberg.com/news/articles/2020-06-12/texas-oil-export-terminals-start-up-even-as-shipments-tumble

Permian operators to drive US output revival
https://www.argusmedia.com/en/news/2114422-permian-operators-to-drive-us-output-revival#

https://www.nytimes.com/2020/06/13/opinion/sunday/women-leaders-coronavirus.html?

Enemy of the People: The Untold Story of the Journalists Who Opposed Hitler
https://amzn.to/3d4ATFR

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com'