Oil

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

Oil

oil_barrels

October 11, 2017

U.S. oil output could be set for a last spike in 2018 before growth flattens for a number of years as rising costs make a...
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crude_oil_tanker-ship

October 11, 2017

As crude oil gushes out of the U.S. like never before, it looks increasingly like North Sea oil will suffer collateral damage. (more…)
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vlcc

October 10, 2017

Crude oil in floating storage is declining, showing that the market is rebalancing, OPEC Secretary-General Mohammad Barkindo said. (more…)
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grph

October 9, 2017

One of the biggest stores of oil at sea is showing signs of emptying out. (more…)
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storm nate

October 6, 2017

Oil and natural gas operators began evacuating staff and halting production at U.S. Gulf of Mexico platforms on Thursday ahead of Tropical Storm Nate, the...
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opec

October 5, 2017

President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018, though he’ll wait...
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Shengli Oil Field

October 3, 2017

Hedge funds have accumulated a record bullish position in middle distillates such as diesel, heating oil and gasoil, anticipating stocks will be relatively tight this...
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Statoil

September 29, 2017

Norway’s Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world’s largest oil tankers, to store oil off of Malaysia for distribution...
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Trafigura logo is pictured in the company entrance in Geneva March 11, 2012.  REUTERS/Denis Balibouse

September 27, 2017

The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, according to Trafigura Group....
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tanker MT West Virginia

September 27, 2017

Just days after Hurricane Harvey smacked Texas and hobbled a quarter of U.S. refining industry, the supply networks that fuel the nation’s cars, trucks and...
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donald_trump

September 27, 2017

The Trump administration will not grant a Jones Act waiver for oil, refined products and other commodities being shipped into Puerto Rico as the island...
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oil_bar

September 26, 2017

OPEC and its allies need to extend their crude production cuts beyond March 2018 to rebalance the global oil market, a top executive at BP...
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OPEC

September 22, 2017

Ministers from OPEC and its allies look set to keep everyone waiting longer for confirmation of further action to rebalance the oil market, sending conflicting...
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platts

September 22, 2017

Speaking at the Platts European Refining Summit in Brussels Thursday, European refiners were cautiously optimistic on their ability to provide compliant 0.5% sulfur marine fuels...
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China

September 20, 2017

Last week OPEC released its Monthly Oil Market Report which covers the global oil supply and demand picture through July. (more…)
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