Oil

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

Oil

August 11, 2017

OPEC sees higher 2018 oil demand, points to easing glut

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...

August 11, 2017

Denmark reports Maersk Oil to police for discharging chemicals into North Sea

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...

August 7, 2017

Can You Feel The Beat Of The Decade Of Swing?

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...

August 7, 2017

Asia oil demand seen shifting back to Mideast, Russia in Q4 after Brent rise

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...

August 3, 2017

Tighter quotas to limit China’s gasoline, gasoil export growth

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...

August 3, 2017

OPEC wants oil above $50, but US shale producers won’t play along

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...

August 1, 2017

Saudi Arabia may raise September light crude prices to Asia

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...

July 31, 2017

OPEC, Non-OPEC Nations to Meet on Compliance With Oil Targets

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...

July 26, 2017

China, India oil imports show Saudi Arabia is already carrying the burden of cuts

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...

July 25, 2017

OPEC Signals No Big Changes to Supply Deal at Russia Meeting

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...

July 24, 2017

China’s Diesel, Gasoline Exports Surge

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...

July 21, 2017

PetroChina unloading first Chinese purchase of oil from U.S. strategic reserves

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...