Oil

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

Oil

June 26, 2017

Trump to Call for U.S. ‘Dominance’ in Global Energy Production

Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance....

June 23, 2017

America’s Most Popular Gasoline Pipeline Is Losing its Edge

The hottest trade in the U.S. gasoline market is starting to cool. (more…)

June 22, 2017

OPEC mulls deeper cuts due to higher than expected US oil output

OPEC countries are discussing deepening their production cut agreement, Iran oil minister Bijan Zanganeh said Wednesday, even as some members say the recent extension of...

June 21, 2017

Oil falls as bulls discount OPEC cuts, set for worst first-half since 1997

Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for the past two decades,...

June 19, 2017

Shock And Bore: Tracking Tight Oil’s Price Dynamics

A few weeks ago, OPEC and other major oil producers agreed to extend 1.73m bpd of production cuts until the end of Q1 2018. (more…)

June 15, 2017

OPEC: Despite Saudi cuts, it’s shipping more oil

OPEC has finally acknowledged what the oil market already knows, namely that rebalancing is taking longer than expected. Perhaps this is because OPEC is actually...

The Angleviken Maltese oil tanker sails offshore Saint-Nazaire, western France, on March 10, 2016. / AFP / LOIC VENANCE (Photo credit should read LOIC VENANCE/AFP/Getty Images)

June 14, 2017

The Lonely Drifting Oil Tanker That Signals OPEC’s Struggle

If a single ship can capture the current state of the global oil market, it’s the supertanker Saiq, floating idly about 850 kilometers (530 miles)...

June 13, 2017

Crude oil, fuel shipping costs from Qatar set to rise on port ban

The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at...

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)

June 9, 2017

China’s crude imports hit second highest on record in May

China’s crude oil imports rebounded to the second highest on record in May, making China the world’s top buyer for the month amid concerns over...

June 7, 2017

Qatar Still Has Many Friends in Energy Markets – View

Oil markets seem impervious to geopolitical risk. As four Arab neighbors imposed an unprecedented embargo on Qatar on Monday, oil prices briefly jumped 1.6 percent...

June 7, 2017

Biggest Middle East ports shun Qatar as Saudis tighten isolation

The biggest Middle East oil and container ports banned all vessels sailing to and from Qatar from using their facilities amid a diplomatic crisis gripping...

June 6, 2017

Qatar diplomatic crisis not seen impacting oil, LNG shipping

Saudi Arabia’s decision to break off diplomatic ties with its Persian Gulf neighbor, Qatar is unlikely to directly impact crude oil and LNG shipping, market...

June 6, 2017

Qatar Keeps Exporting Oil and Gas after Saudis Cut Ties

Qatar, the world’s biggest seller of liquefied natural gas, can still access shipping routes to deliver oil and gas to buyers after Saudi Arabia and...