Oil

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

Oil

shell

November 18, 2019

Royal Dutch Shell Plc has made $1 billion from trading fuel oil this year, making it one of the standout winners from rules designed to...
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tanker_oil

November 14, 2019

A surge in the cost of hiring oil tankers last month may already seem like a distant memory, but the rally was enough to convince...
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OIL

November 14, 2019

Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is...
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tanker_crude oil

November 6, 2019

Saudi Arabia has priced its lighter crude at the widest premium to heavier oil in almost two years as new rules mandating cleaner shipping fuels...
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FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

November 4, 2019

Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in...
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Unipec

October 30, 2019

Chinese oil trader Unipec has restarted using tankers owned by state-owned shipping group COSCO after the United States eased sanctions temporarily on the Chinese state-owned...
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Norway_oil

October 25, 2019

Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America. (more…)
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CNOOC sign

October 25, 2019

CNOOC, China’s largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there...
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tanker

October 23, 2019

China’s demand for crude oil shows no signs of abating. (more…)
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Carlyle

October 21, 2019

Carlyle Group said on Friday it had dropped out as a stakeholder in Lone Star Ports LLC, which proposed a $1 billion crude oil export...
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tanker

October 18, 2019

Soaring oil tanker costs are boosting Asian demand for crude grades produced closer to home. (more…)
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tanker

October 17, 2019

Soaring oil-tanker costs are drying up activity in the U.S. export market as sellers are slow to lower offers and buyers are skittish, according to...
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tanker

October 16, 2019

Freight rates to ship U.S. crude to Asia eased on Tuesday from record levels as the shock of a global tanker shortage due to U.S....
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crude oil export korea

October 14, 2019

Asian oil refiners are grappling with a jump in global freight rates that shows no sign of abating, driving up costs of crude imports from...
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Cosco

October 10, 2019

About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on...
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