Oil

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

Oil

crude_oil_tanker-ship

May 25, 2018

Instead of OPEC, Iran or even Venezuela, the most prominent driver of oil prices over the next two years is likely to come in the...
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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)

May 24, 2018

The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years. (more…)
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goldman_sachs

May 23, 2018

Oil producers have picked up the pace in hedging against further production in 2019, with an average price at about $60 a barrel, which limits...
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containers

May 22, 2018

China has pledged to buy more U.S. goods to reduce America’s huge trade deficit and help avoid exacerbating a trade war between the world’s two...
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crude_oil_tanker-ship

May 17, 2018

The volume of U.S. crude oil arriving in Asia is expected to hit a new high in July as Asian refiners sought arbitrage supplies to...
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crude oil export korea

May 17, 2018

Forget Iran and OPEC — there’s another issue that will keep oil prices supported for the next two years, according to Morgan Stanley. (more…)
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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

May 16, 2018

If European powers are to succeed in holding together a nuclear deal with Iran that the U.S. abandoned a week ago, then one issue they’ll...
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TORM-tanker

May 15, 2018

As the countdown begins for the restoration of US sanctions on Iran, many shipping companies such as Maersk Tankers and Torm are already refusing to...
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gas

May 14, 2018

Another darling of the Trump administration is poised to gain from the Iran deal breakup as oil surges: Natural gas exports. (more…)
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tanker_oil

May 11, 2018

European oil refiners and trading houses began preparing to cut purchases of Iranian crude after Washington imposed harsher sanctions on shipments from Tehran than many...
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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

May 10, 2018

The snap-back of U.S. sanctions on Iran’s oil exports may well see international shipping companies, which have carried more than half of Iran’s oil exports...
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A general view of a crude oil importing port in Qingdao, Shandong province, in this November 9, 2008 file photo.   REUTERS/Stringer/Files

May 10, 2018

The potential reduction of Iranian crude into the European market as result of renewed sanctions will likely benefit US crude exporters, which have enjoyed an...
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conoco

May 9, 2018

A legal dispute between ConocoPhillips and Venezuelan state oil firm PDVSA could leave Curacao’s economically important Isla refinery without crude oil to process, posing a...
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Iran-oil-tanker

May 9, 2018

Iran’s exports of oil to China, Europe and other countries will decline later this year and into 2019 if the United States can enforce President...
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oil

May 9, 2018

West Africa’s crude oil loadings for Asia are expected to bounce back in May from a five-month low, a Reuters survey of shipping fixtures and...
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