April 6, 2021
U.S. crude oil production has stabilised and is set to start rising again, after the massive shock last year caused by the coronavirus epidemic and...
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Oil
April 2, 2021
The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused...
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March 17, 2021
U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand...
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March 16, 2021
The United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month, as refiners boosted cheaper U.S. crude purchases to record...
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March 10, 2021
A warning shot has been fired across the bow of proponents of the view that commodities are entering a new super-cycle: China’s imports of crude...
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March 4, 2021
The snowstorm that hit Texas in the middle of February caused a 1.1 million barrels per day (bpd) drop in US crude oil production between...
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March 3, 2021
The Prax Group has announced that it has completed an exclusive crude oil and feedstocks supply arrangement with Trafigura, a market leader in the global...
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March 3, 2021
OPEC expects oil inventories to drop by about 400 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical...
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February 25, 2021
Morgan Stanley expects Brent crude prices to climb to $70 per barrel in third quarter on “signs of a much improved market” including prospects of...
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February 23, 2021
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd)...
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February 16, 2021
Oil rallied to a 13-month high as freezing weather in Texas disrupted flows from America’s largest shale patch, exposing the fragility of global supplies amid...
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February 15, 2021
Global fuel oil markets weathered choppy waters in 2020, contending with the monumental change brought by the International Maritime Organization’s global sulfur cap, but also...
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February 15, 2021
Oil prices have reached a critical threshold where OPEC+ must decide whether to increase production, or risk losing market share again to U.S. shale producers....
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February 12, 2021
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from...
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