Oil

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

Oil

Aframax Tanker

January 8, 2020

A flotilla of oil tankers is sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast to take advantage of surging shipping rates,...
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Exxon-Mobil

December 30, 2019

Exxon Mobil Corp. and its partners produced the first commercial crude from Guyana, setting the small South American nation on a path to potentially vast...
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A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC's headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader

December 18, 2019

JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its...
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cmacgm

December 16, 2019

Container shipping group CMA CGM is to increase its use of sustainable marine bio-fuel oil through a supply deal with Royal Dutch Shell, following a...
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FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

December 13, 2019

Saudi Aramco hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a...
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crude oil export korea

December 12, 2019

Major energy consumers including India, South Korea and Japan, as well as multiple Southeast Asian buyers, are increasingly shifting their focus to North American barrels...
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Trafigura logo is pictured in the company entrance in Geneva March 11, 2012.  REUTERS/Denis Balibouse

December 12, 2019

Trafigura, the world’s second-biggest independent oil trader, reported sharply higher full-year oil and gas trading results Wednesday on increased volumes and a more favorable trading...
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enbridge-

December 10, 2019

Enterprise Products Partners LP and Enbridge Inc have agreed to jointly develop a U.S. Gulf Coast crude export terminal that would load supertankers off Freeport,...
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ships

December 9, 2019

Asia’s oil refiners are starting to see a surge in demand for cleaner fuels that is pushing up processing profits for very low sulphur fuel...
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total-headquarters

December 9, 2019

French energy giant Total S.A. reaffirmed its commitment to Singapore as a strategic hub by opening its regional headquarters in Frasers Tower in Cecil Street...
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tanker_oil

December 6, 2019

The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates....
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A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC's headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader

December 5, 2019

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a...
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bunkering_singapore

December 2, 2019

Fears about a shortage of diesel and other middle distillates stemming from new marine pollution regulations have receded, with distillate premiums falling to some of...
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December 2, 2019

Ship owners are waiting longer and paying more to refuel at the Asian hub of Singapore as the industry scrambles to prepare for the implementation...
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crude oil

November 20, 2019

China’s record crude imports in October were matched by healthy processing rates at refineries, but even so the country still seemed to be stockpiling oil...
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