Oil

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

Oil

OPEC-OPEK

August 11, 2017

OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a stronger oil market...
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maersk_drilling

August 11, 2017

The Danish environmental protection agency (DEPA) said on Thursday it had reported Maersk Oil, the oil unit of A.P. Moller-Maersk, to the police for discharging...
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clarksons_shipping_flag

August 7, 2017

The Wall Street Crash in 1929 marked the onset of the Great Depression in the US. Times were tough, but jazz music, which had taken...
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oil_tanker

August 7, 2017

Asia’s spot market demand for Middle East and Russian crude oil could rise this month as a regional price shift pares shipments from the Atlantic...
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tanker

August 3, 2017

China’s gasoline and gasoil exports grew strongly in the first half but are unlikely to rise significantly in the second half of 2017 as Beijing...
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The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, March 21, 2016. REUTERS/Leonhard Foeger

August 3, 2017

Growth in U.S. oil production is slowing, but will continue to blunt OPEC’s efforts to cut supply and normalize global inventories, keeping benchmark prices capped...
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oil_bar

August 1, 2017

Top oil exporter Saudi Arabia is expected to raise prices for light crude grades it sells to Asia in September to track a stronger Dubai...
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oil

July 31, 2017

Representatives of some OPEC and non-OPEC nations will meet in Abu Dhabi on Aug. 7-8 to discuss why some of them are falling behind in...
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oil

July 26, 2017

Saudi Arabia wants to do more to boost crude oil prices by taking a razor to its exports, but the kingdom is already doing much...
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opec

July 25, 2017

OPEC and its allies indicated they weren’t planning any big changes to their supply deal, even as oil prices remain below $50 a barrel amid...
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tanker-china

July 24, 2017

China’s diesel and gasoline exports surged in the first half of the year as a domestic supply glut and slowing demand growth prompted refiners to...
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tanker

July 21, 2017

PetroChina is this week unloading the first Chinese purchase of crude oil from U.S. strategic petroleum reserves at a port in eastern China, according to...
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tanker_oil

July 14, 2017

Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of...
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ENSCO

July 13, 2017

Mexico’s decision to allow private companies to explore for oil and gas started to pay off after the discovery of at least a billion barrels...
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oil_bar

July 12, 2017

OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc. (more…)
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