Oil

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

Oil

Oil

November 29, 2021

Oil demand will return to 2019 levels by the end of 2022, despite some delays in projects due to repercussions from the pandemic, Baker Hughes...
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Biden

November 24, 2021

The U.S. will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India, South Korea and the U.K. —...
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oil

November 24, 2021

Barclays raised its 2022 oil price forecasts on Tuesday as it expects a faster-than-expected inventory drawdown and cautious supply response to offset a modest surplus...
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Vitol

November 16, 2021

Global oil market fundamentals will likely remain tight over the coming year as oil demand continues to build after having mostly fully recovered to 2019...
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Saudi+Aramco

November 12, 2021

Saudi Aramco, the world’s top exporter of crude oil, has notified at least six Asian customers it will supply full term volumes in December, people...
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Houston

November 5, 2021

The cost of shipping diesel and other fuels to Europe from the U.S. Gulf has surged in recent days amid signs of an increase in...
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oil_prices

November 1, 2021

Oil prices will hold near $80 as the year ends, as tight supplies and higher gas bills encourage a switch to crude for power generation,...
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OPEC-OPEK

October 19, 2021

OPEC+ compliance with oil cuts fell slightly to 115% in September, sources said, indicating that as the alliance raises production targets, some members are still...
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crude oil

October 14, 2021

China’s September crude oil imports fell 15.3% from a year earlier, data showed on Wednesday, as companies drew on inventories amid rising global prices and...
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Oil

October 13, 2021

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that...
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oil-tanker

September 28, 2021

Brent approached $80-a-barrel on signs that the crude market is rapidly tightening amid a global energy crunch. (more…)
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goldman_sachs

September 28, 2021

Goldman Sachs raised its forecast for year-end Brent crude oil prices to US$90 per barrel from US$80, as a faster fuel demand recovery from Delta...
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oil

September 24, 2021

Recovering demand for US oil products has caused a 25.9% rise in US seaborne imports of oil products in the first seven months of 2021...
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Vitol_LNG

September 23, 2021

Trade deficits have been a stubborn feature of the U.S. economy for decades now, but energy has started to buck that trend, helped by burgeoning...
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petrobras

September 21, 2021

Brazilian state-controlled Petrobras is the latest national oil company to commit to becoming carbon neutral, in line with the 12-member global oil and gas climate...
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