OPEC, for some quiet moments..

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Saudi Arabia’s security forces foiled an attempt to blow up an oil product distribution center in Jazan, a province bordering Yemen in the kingdom’s southwest, according to the state-run news agency. A remote-controlled boat laden with explosives was spotted leaving a small island in Yemeni waters and later intercepted, the Saudi Press Agency said, citing an unidentified spokesman for the Ministry of Interior. Saudi security forces said they would stop any attacks by Houthi rebels, who are threatening shipping routes in the Red Sea with explosive-laden boats and mines.

Saudi forces foil attempted attack on Aramco oil in Jazan

Oil majors' struggle against crude’s collapse is starting to ease, giving some companies enough cash to pay shareholders without piling on more debt. The world’s five biggest non-state oil producers, known as the supermajors, probably increased cash from operations by a combined 67% last quarter from a year earlier, according to HSBC Bank Plc analysts Gordon Gray and Kim Fustier. That may allow some to cover dividends and capital spending without borrowing for the first time since 2012, they said.

Oil supermajors dig out of doldrums as cash poised to surge

Crude will probably drop to $40/bbl or below unless OPEC and allied producers extend their collective cuts in output beyond June, according to analysts including the Abu Dhabi Investment Authority’s head of research. The six-month cuts that took effect in January have set a floor for prices, but an increasing supply of U.S. shale oil together with record-high inventories are keeping the per-barrel price of crude from rising beyond the upper $50s,  Christof Ruehl said Wednesday at a conference in Dubai.

Oil seen dropping below $40 if OPEC fails to extend output cuts

The U.S. Department of Energy has announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is authorized to export LNG up to the equivalent of 2.21 Bcfgd to any non-FTA country not prohibited by U.S. law or policy from the Golden Pass Terminal near Sabine Pass, in Jefferson County, Texas.

U.S. Department of Energy authorizes LNG exports from Golden Pass terminal