Oil

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

Oil

Red metal barrels against blue sky.

August 5, 2020

Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth...
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oil_bar

August 4, 2020

Venezuela exported about 388,100 barrels per day of crude and fuel in July, almost unchanged versus the previous month, as U.S. sanctions on PDVSA continued...
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Malta-flagged Iranian crude oil supertanker "Delvar" is seen anchored off Singapore in this March 1, 2012 file photo. The United States expects countries that buy oil from Iran to further reduce their purchases if they want to avoid U.S. sanctions, a State Department source said on December 5, 2012.  REUTERS/Tim Chong (SINGAPORE - Tags: BUSINESS POLITICS ENERGY MARITIME)

July 29, 2020

Asia will import record volumes of U.S. crude oil this month, with China leading the way, but the surge is more likely a short-term blip...
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oil_prices

July 28, 2020

In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of...
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oil_tanker_deck

July 27, 2020

China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March...
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vlcc

July 23, 2020

The narrowing contango for Singapore Marine Fuel 0.5%S may compel traders to offload stocks, as monthly contango is not wide enough to cover their storage...
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Chevron logo

July 21, 2020

Chevron Corporation announced that it has entered into a definitive agreement with Noble Energy, Inc. to acquire all of the outstanding shares of Noble Energy...
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d-Amico-International-Shipping

July 20, 2020

Unwanted and cheap was the expectation many had for European high sulfur fuel oil after IMO 2020 took effect, but this scenario has failed to...
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Oil

July 14, 2020

Saudi Arabia’s oil exports in August will remain the same as in July as the extra barrels the kingdom is set to pump next month...
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VENEZUELA-OIL-TANKERS

July 14, 2020

U.S. sanctions have driven Venezuela’s oil exports to their lowest levels in nearly 80 years, starving President Nicolas Maduro’s socialist government of its main source...
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opec

July 14, 2020

The oil market is getting closer to balance as demand gradually rises, OPEC’s secretary general said on Monday, two days before the group and ally...
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offshore

July 10, 2020

A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a new surge...
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tanker

July 8, 2020

Fresh floating storage inquiries for clean tankers in recent weeks reflect charterer appetite to take advantage of rock bottom clean tanker rates, though presumptions of...
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bunkering

July 6, 2020

Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as...
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goldman_sachs

July 3, 2020

Goldman Sachs said on Thursday a pick-up in commuting, a shift to private transportation and government efforts to improve economies with higher infrastructure spending should...
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