Oil

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

Oil

crude oil export korea

December 18, 2017

The world’s biggest oil buyers are getting pickier about their American crude purchases. (more…)
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goldman_sachs

December 15, 2017

Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc. (more…)
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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 14, 2017

The OPEC Reference Basket surged near 10% to $60.74/b in November, its highest since June 2015. (more…)
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port-of-corpus-cristi

December 13, 2017

The world’s largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down. (more…)
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oil

December 13, 2017

Global benchmark Brent crude jumped above $65 a barrel for the first time in 2 1/2 years after one of the most important pipelines in...
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FILE PHOTO: A general view shows Grangemouth oil refinery in central Scotland on April 25, 2008.  REUTERS/David Moir/File Photo

December 13, 2017

Britain’s biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs, its operator said on...
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offshore

December 12, 2017

The Trump administration is preparing to unveil as soon as this week an expansive offshore oil plan that would open the door to selling new...
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Trafigura logo is pictured in the company entrance in Geneva March 11, 2012.  REUTERS/Denis Balibouse

December 11, 2017

Global commodities trader Trafigura reported record-high volumes of traded oil and metals to beat low volatility in a competitive and low-margin environment, the company said...
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loop

December 11, 2017

A 1,000-foot ship will likely pull up to a buoy floating in the Gulf of Mexico next year, hook up its hoses and usher the...
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oil_barrels

December 4, 2017

China’s crude oil imports are expected to rebound in January as demand from independent refiners will accelerate once 2018 import quotas are in place, and...
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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 1, 2017

OPEC agreed on Thursday to extend oil output cuts until the end of 2018 as it tries to finish clearing a global glut of crude...
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tanker

December 1, 2017

U.S. crude may owe supply from Mexico for helping it capture a share of the world’s biggest oil market this year. (more…)
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motor-oil

November 21, 2017

Russia’s largest oil producer Rosneft and Greece’s Motor Oil Hellas Corinth Refineries have signed a deal on mutual supplies of crude oil and oil products...
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norway_oil_pic

November 17, 2017

The $1 trillion fund that Norway has amassed pumping oil and gas over two decades wants out of energy stocks. (more…)
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tanker

November 15, 2017

The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest...
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