Oil

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

Oil

crude_tanker

June 2, 2020

Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production...
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Oil

June 1, 2020

Oil posted its biggest monthly advance on record, just a few weeks after prices made a dramatic plunge below zero. (more…)
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crude

May 29, 2020

A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is edging up after the coronavirus slammed energy consumption...
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Tanker

May 26, 2020

The waters off the South African oil storage terminal at Saldanha Bay are getting busy. (more…)
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aframax1

May 26, 2020

A recent drop in Americas Aframax freight rates has sparked charterer inquiry and fixing activity for the US Gulf Coast-UK Continent/Mediterranean route, despite closed oil...
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Trafigura logo is pictured in the company entrance in Geneva March 11, 2012.  REUTERS/Denis Balibouse

May 25, 2020

Commodities trader Trafigura has seized the moment and taken a rare dominant position in the North Sea crude market over the past two weeks as...
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crude oil export korea

May 22, 2020

Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled away at a...
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FILE PHOTO - The Nord Steady, a chemical/oil tanker, anchors before mooring at a Vancouver-area Chevron refinery in Burnaby, British Columbia, Canada November 17, 2016. REUTERS/Chris Helgren

May 21, 2020

Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic...
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oil tanker

May 19, 2020

Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and news of a viable...
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Supertanker

May 18, 2020

Chinese oil traders know bargain crude prices when they see them. That, at least, is one conclusion from the movements of the world’s supertankers. (more…)
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shell-agrees-long-term-charters-for-14-new-lng-fueled-tankers

May 18, 2020

One of the oil market’s most obvious signs of oversupply — millions of barrels being stored on tankers all over the world — is showing...
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bantry_bay_terminal

May 15, 2020

A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places to store crude...
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Saudi+Aramco

May 15, 2020

Saudi Aramco, the world’s largest oil exporter, has cut the volume of crude it will supply to at least three buyers in Asia by 10%-30%...
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oil_barrels

May 14, 2020

Kuwait Petroleum Corp (KPC) has told customers they will have to load less crude oil in June as it has set operational tolerance at minus...
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BIMCO_

May 11, 2020

The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipping industry...
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