Oil

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

Oil

opec

October 4, 2022

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what...
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Oil

October 3, 2022

A recent oil price decline could slow in the last quarter of the year and into 2023 as focus shifts from concerns over a recessionary...
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OPEC-OPEK

September 30, 2022

Leading OPEC+ members have begun discussions about an oil output cut at the group’s next meeting on Oct. 5, three sources told Reuters. (more…)
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oil_russia

September 29, 2022

The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction of a price cap on...
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crude_tanker

September 27, 2022

Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and...
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crude oil export korea

September 23, 2022

Germany, Europe’s biggest oil consumer, has more than doubled its sources of imported crude in recent months, according to shipping data, as its refiners increasingly...
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Oil

September 16, 2022

Asia’s crude oil imports are on track for another soft month in September, as the world’s top-importing region battles uncertain demand amid high retail fuel...
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tanker

September 13, 2022

Oil tanker owners are snapping up vessels that can haul cargoes in icy seas, a development that could help Moscow overcome the threat of a...
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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

September 12, 2022

Libya’s recovery, along with growth by core Gulf members, drove OPEC+ crude production in August to its highest since April 2020’s price war, according to...
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oil_russia_flag

September 7, 2022

Russia will respond to price caps on Russian oil by shipping more supply to Asia, its energy minister Nikolai Shulginov told reporters at the Eastern...
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OPEC-OPEK

September 6, 2022

OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an...
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Oil

September 5, 2022

Iraq exported 101.85 million barrels of crude oil in August with revenues of 9.78 billion U.S. dollars, said the Iraqi Oil Ministry on Thursday. (more…)
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EU

August 31, 2022

The European Union is drafting emergency plans to intervene in its energy market as pressure grows from member states to put a lid on surging...
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oil_russia

August 30, 2022

Oil loadings from Russia’s western ports of Primorsk, Ust-Luga and Novorossiisk are set to rise to 8.8 million tonnes in September from 8.74 million tonnes...
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iran-oil

August 26, 2022

Iran is aiming to fill the void left behind by Russia in the European oil market if the Middle Eastern country can secure a deal...
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