October 11, 2017
U.S. oil output could be set for a last spike in 2018 before growth flattens for a number of years as rising costs make a...
Read More
Oil
October 11, 2017
As crude oil gushes out of the U.S. like never before, it looks increasingly like North Sea oil will suffer collateral damage. (more…)
Read More
October 10, 2017
Crude oil in floating storage is declining, showing that the market is rebalancing, OPEC Secretary-General Mohammad Barkindo said. (more…)
Read More
October 9, 2017
One of the biggest stores of oil at sea is showing signs of emptying out. (more…)
Read More
October 6, 2017
Oil and natural gas operators began evacuating staff and halting production at U.S. Gulf of Mexico platforms on Thursday ahead of Tropical Storm Nate, the...
Read More
October 5, 2017
President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018, though he’ll wait...
Read More
October 3, 2017
Hedge funds have accumulated a record bullish position in middle distillates such as diesel, heating oil and gasoil, anticipating stocks will be relatively tight this...
Read More
September 29, 2017
Norway’s Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world’s largest oil tankers, to store oil off of Malaysia for distribution...
Read More
September 27, 2017
The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, according to Trafigura Group....
Read More
September 27, 2017
Just days after Hurricane Harvey smacked Texas and hobbled a quarter of U.S. refining industry, the supply networks that fuel the nation’s cars, trucks and...
Read More
September 27, 2017
The Trump administration will not grant a Jones Act waiver for oil, refined products and other commodities being shipped into Puerto Rico as the island...
Read More
September 26, 2017
OPEC and its allies need to extend their crude production cuts beyond March 2018 to rebalance the global oil market, a top executive at BP...
Read More
September 22, 2017
Ministers from OPEC and its allies look set to keep everyone waiting longer for confirmation of further action to rebalance the oil market, sending conflicting...
Read More
September 22, 2017
Speaking at the Platts European Refining Summit in Brussels Thursday, European refiners were cautiously optimistic on their ability to provide compliant 0.5% sulfur marine fuels...
Read More
September 20, 2017
Last week OPEC released its Monthly Oil Market Report which covers the global oil supply and demand picture through July. (more…)
Read More
