Oil

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

Oil

Oil

April 6, 2021

U.S. crude oil production has stabilised and is set to start rising again, after the massive shock last year caused by the coronavirus epidemic and...
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FILE PHOTO: Clouds from Hurricane Harvey are seen in the background as smoke rises from a burn off at an oil refinery in Corpus Christi, Texas, U.S. August 26, 2017. REUTERS/Adrees Latif/File Photo

April 2, 2021

The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused...
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oil tanker

March 17, 2021

U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand...
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oil-tanker

March 16, 2021

The United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month, as refiners boosted cheaper U.S. crude purchases to record...
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Supertanker

March 10, 2021

Times are getting tougher by the day for oil tanker owners. (more…)
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China Flag

March 10, 2021

A warning shot has been fired across the bow of proponents of the view that commodities are entering a new super-cycle: China’s imports of crude...
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BIMCO_

March 4, 2021

The snowstorm that hit Texas in the middle of February caused a 1.1 million barrels per day (bpd) drop in US crude oil production between...
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Lindsey-Oil-Refinery

March 3, 2021

The Prax Group has announced that it has completed an exclusive crude oil and feedstocks supply arrangement with Trafigura, a market leader in the global...
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opec

March 3, 2021

OPEC expects oil inventories to drop by about 400 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical...
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Oil

February 25, 2021

Morgan Stanley expects Brent crude prices to climb to $70 per barrel in third quarter on “signs of a much improved market” including prospects of...
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oil

February 23, 2021

Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd)...
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oil

February 16, 2021

Oil rallied to a 13-month high as freezing weather in Texas disrupted flows from America’s largest shale patch, exposing the fragility of global supplies amid...
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crude oil export korea

February 15, 2021

Global fuel oil markets weathered choppy waters in 2020, contending with the monumental change brought by the International Maritime Organization’s global sulfur cap, but also...
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OIL

February 15, 2021

Oil prices have reached a critical threshold where OPEC+ must decide whether to increase production, or risk losing market share again to U.S. shale producers....
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shell

February 12, 2021

Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from...
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