Oil

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

Oil

Iranian-oil-tanker_nitc_16x9

November 7, 2018

Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic’s top customers are preparing to buy....
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iran

November 6, 2018

The United States snapped sanctions back in place on Monday to choke off Iran’s oil and shipping industry, while temporarily allowing top customers such as...
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tankers

November 5, 2018

New U.S. sanctions on Iran’s oil industry were supposed to exert maximum pressure on Iran’s economy. (more…)
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opec

November 2, 2018

OPEC’s crude production climbed to the highest level since 2016 as increases by Saudi Arabia and Libya offset losses stemming from impending U.S. sanctions on...
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Vitol

November 1, 2018

The lack of price clarity for fuels that comply with new global shipping rules to reduce sulfur emissions are complicating preparations before the regulations take...
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epa05142254 The Starla, an Iranian large crude oild tanker with a cargo-carrying capacity of 317,000 dead weight tons, is moored at a buoy of South Korea' largest oil refiner SK Energy off Ulasan, South Korea's southeast coast, 04 February 2016. It marks the second time an Iranian crude oil carrier has made a call at a South Korean port since 17 January, when the international community lifted most economic sanctions against the Middle East country.  EPA/YONHAP SOUTH KOREA OUT

October 30, 2018

According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions...
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Diana_Containerships

October 30, 2018

Despite efforts by the Trump administration to turn it, a supertanker is bearing down on drivers, oil majors, and even Amazon.com Inc. (more…)
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Pemex logo is seen at the headquarters of state-owned oil giant in Mexico City, Mexico March 18, 2016. REUTERS/Edgard Garrido - RTSB5IW

October 23, 2018

Refining firm Phillips 66 was awarded a tender to supply Mexico’s Pemex with at least four 350,000-barrel cargoes of U.S. Bakken crude for November delivery,...
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Iran_oil

October 19, 2018

An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before U.S. sanctions...
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Maersk

October 11, 2018

Maersk Oil Trading has leased oil storage space in Singapore, signaling a push by one of the world’s biggest ship fuel buyers into the Asian...
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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)

October 10, 2018

A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China...
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oil

October 9, 2018

In August, no US seaborne exports of crude oil to China were recorded. A massive change to the export pattern seen since early 2017. (more…)
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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)

October 9, 2018

Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from U.S....
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crude_tanker

October 4, 2018

U.S. crude oil shipments to China have “totally stopped”, the President of China Merchants Energy Shipping Co (CMES) said on Wednesday, as the trade war...
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offshore

October 4, 2018

Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and...
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