Oil

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

Oil

Iran_OPEC

September 21, 2018

Iran said it will veto any OPEC decision that harms the Islamic Republic and warned that some oil producers are trying to create an alternative...
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iran-oil

September 19, 2018

Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President...
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oil tanker

September 12, 2018

At least three North Asian buyers will receive extra supplies of oil from Saudi Arabia after the kingdom cut its prices for most grades in...
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ONE

September 6, 2018

Ocean Network Express (ONE) plans to comply with the new sulphur regulations by fueling its ships with low-sulphur compliant hybrid oil. The company said that...
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oil_bar

September 2, 2018

Imports of Iranian crude oil by major buyers in Asia hit a 10-month high in July, as only South Korea lowered imports ahead of upcoming...
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crude_oil_tanker-ship

August 31, 2018

New regulations to curb pollution from the world’s shipping fleet could lift crude prices by $4 a barrel when the measures come into effect in...
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Venezuela-Oil-Rig

August 30, 2018

Venezuela’s main oil port of Jose is operating partially after a tanker collided with a dock at the weekend, curtailing state-run PDVSA’s ability to export...
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DNB

August 29, 2018

DNB, Norway’s largest bank and a major lender to the oil and gas industry, expects more restructuring in the sector but on a smaller scale...
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crude oil

August 28, 2018

One of the side effects of President Donald Trump’s escalating trade dispute with China is that U.S. exports of crude oil to the world’s biggest...
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Unipec

August 27, 2018

China’s Unipec will resume purchases of U.S. crude oil in October after a two-month halt due to the trade dispute between the world’s two largest...
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iran

August 27, 2018

Iran’s own fleet of tankers may provide a lifeline for its crude and condensate exports that’ll be slashed as U.S. sanctions against the Persian Gulf...
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pdvsa

August 21, 2018

U.S. producer ConocoPhillips and Venezuela’s PDVSA have reached a payment agreement on a $2-billion arbitration award, the companies said, suspending a dispute that blocked the...
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tanker

August 20, 2018

If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel,...
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bp

August 16, 2018

Oil major BP on Tuesday offloaded about 1 million barrels of Angolan crude from supertanker ‘Olympic Light’ to an independent Chinese refiner after holding the...
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PetroChina's logo is seen at its petrol station in Beijing, China, March 21, 2016. Picture taken March 21, 2016. REUTERS/Kim Kyung-Hoon/File Photo - S1BEUGCZSZAA

August 14, 2018

PetroChina Co. may temporarily halt purchases of U.S. liquefied natural gas spot cargoes through the winter to avoid potential tariffs amid a trade conflict between...
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