Oil

Latest news from the commodity market. Updates on commodity trading, prices and futures news.

Oil

crude oil export korea

May 20, 2022

Iran’s crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favored heavily discounted Russian barrels, leaving almost 40...
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oil_russia

May 18, 2022

Russian crude output in April fell by nearly 9% from the previous month, an internal OPEC+ report showed on Tuesday, as Western sanctions on Moscow...
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OPEC-OPEK

May 13, 2022

The OPEC nations that have stepped up to replace Russian oil flows to Europe aren’t the giants of the Middle East. Instead, some of the...
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POLAND - 2020/03/19: In this photo illustration an OPEC logo seen displayed on a smartphone with a World map of COVID 19 epidemic on the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)

May 6, 2022

OPEC+ agreed on Thursday to another modest monthly oil output increase, arguing that the producer group could not be blamed for disruptions to Russian supply...
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EU

May 5, 2022

The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that could dramatically impair Moscow’s ability...
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FILE PHOTO - The shadow of a worker is seen next to a logo of Russia's Rosneft oil company at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. REUTERS/Sergei Karpukhin/File Photo

May 3, 2022

Russian oil giant Rosneft is not scheduled to export any diesel from the Baltic port of Primorsk in May as its main buyer, Swiss-based trading...
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Petrobras

May 3, 2022

Brazilian state-run oil company Petrobras increased its jet fuel prices in several cities starting on Sunday, data published on the firm's website showed. (more…)
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aframax1

April 29, 2022

Aframax freight rates in Asia have hit a two-year high on tight supply as the US started importing cargoes from the Persian Gulf and the...
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US_crude

April 28, 2022

U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. (more…)
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OPEC-OPEK

April 20, 2022

OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in March, as Russian output began to decline following sanctions imposed by the...
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oilandgaswells

April 15, 2022

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according...
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crude oil

April 14, 2022

U.S. crude stocks surged by more than 9 million barrels, in part due to releases from the nation’s strategic reserves, while gasoline and distillate inventories...
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OPEC-OPEK

April 13, 2022

OPEC has told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it...
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crude_tanker

April 13, 2022

China’s imports of crude oil rebounded in March, but aren’t likely to grow much more for a while – fuel demand is wilting amid COVID-19...
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Scholz

April 11, 2022

Germany could end Russian oil imports this year, Chancellor Olaf Scholz said on Friday, signaling the urgency driving Europe’s biggest economy to wean itself off...
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