Oil

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

Oil

oil-tanker

January 21, 2021

Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, Chinese government data showed on...
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CNOOC sign

January 15, 2021

The United States announced sanctions on Chinese state-owned enterprise and military officials on Thursday and added Chinese oil giant CNOOC to a blacklist, accusing them...
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crude oil export korea

January 15, 2021

In the seven days up to 1 January 2021, the US did not record any crude oil imports from Saudi Arabia. It is the first...
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norway

January 13, 2021

Norway’s oil and gas reserves have made it one of the world’s wealthiest countries but its dreams for deep-sea discovery now center on something different....
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A fuel tanker navigates near the Cienfuegos Oil Refinery some 240 kilometres, (150 miles), southeast of Havana February 7, 2013.

January 13, 2021

Hedge fund managers are starting to diverge over the likelihood of further oil price increases as Brent futures surge above $50 per barrel and global...
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oil

January 11, 2021

Saudi Arabia’s voluntary oil production cut is expected to bring the oil market into deficit for most of 2021 even as new lockdowns to contain...
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pdvsa

December 30, 2020

In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American...
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iran-oil

December 17, 2020

The United States on Wednesday imposed sanctions on companies based in China and the United Arab Emirates, accusing them of supporting the sale of Iranian...
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Oil

December 17, 2020

U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. (more…)
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IRAN

December 15, 2020

A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export, documents from state-run PDVSA show, providing evidence of the...
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aframax1

December 14, 2020

Abundant charterer inquiry in the Americas Aframax market left sources calling freight for the benchmark US Gulf Coast-UK Continent route higher at w47.5-w52.5 early Dec....
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US_crude

December 11, 2020

US crude oil stocks moved sharply higher in the week ended Dec. 4 as exports tested multiyear lows and imports surged to levels last seen...
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oil_barrels

December 2, 2020

Global demand for oil is running about 5 million to 6 million barrels per day (bpd) below pre-coronavirus crisis levels and OPEC with its allies...
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CNOOC sign

December 1, 2020

China’s third-biggest oil company faces a U.S. blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling...
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pdvsa

November 30, 2020

Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon...
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