Oil

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

Oil

opec

May 23, 2017

Iraq has achieved its share of the production cuts agreed by OPEC and non-OPEC producers at the end of last year but remains ready to...
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oil_barrels

May 22, 2017

All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister. (more…)
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tanker

May 18, 2017

Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take...
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ELPE

May 17, 2017

HELLENIC PETROLEUM Group announced strong financial results, according to IFRS, with 1Q17 Adjusted EBITDA at €229m (+35%) and Adjusted Net Income at €126m (+80%). (more…)
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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

May 17, 2017

The world’s two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that’s kept crude prices in check for...
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opec

May 15, 2017

OPEC’s limited impact on oil prices since securing a landmark deal to curb oversupply shows its dwindling influence in the energy market, according to the...
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oil_bar

May 11, 2017

The oil market has finally swung into a supply deficit, and demand is expected to outstrip output even more in the second half of the...
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Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007.    REUTERS/ Ali Jarekji/File Photo

May 10, 2017

Saudi Aramco will curb oil supplies to Asia by about 7 million barrels in June, a source with direct knowledge of the matter said, as...
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OPEC-OPEK

May 5, 2017

OPEC and non-OPEC oil producers look likely to extend their agreement to limit supplies beyond its June expiry to help clear a glut, three OPEC...
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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

May 2, 2017

OPEC is certain to extend cuts in oil output when its ministers meet later in May and will need to keep limiting production until as...
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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

May 2, 2017

State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export...
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clarksons_shipping_flag

May 2, 2017

The US is the second largest importer of crude, but also the biggest oil producer globally. Recently, there have been a number of changes in...
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iea

April 28, 2017

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest...
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oil_barrels

April 25, 2017

Russian oil output could climb to its highest rate in 30 years if OPEC and non-OPEC producers do not extend a supply reduction deal beyond...
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oil

April 21, 2017

Russia is likely to support extending a multinational deal to cut oil output as higher prices boost revenue in the run-up to next year’s presidential...
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