Oil

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

Oil

oil_bar

July 23, 2019

Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of...
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CNPC

July 22, 2019

China's two major oil and gas companies reported growth in oil and natural gas production during the first half of the year. (more…)
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oil tanker

July 17, 2019

As recently as a year ago, the oil market was in a panic about changes to the kind of fuel that ships must burn. (more…)
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blm_

July 9, 2019

Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks on vessels in the past...
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A fuel tanker navigates near the Cienfuegos Oil Refinery some 240 kilometres, (150 miles), southeast of Havana February 7, 2013.

July 5, 2019

Asian oil refiners are being squeezed by rising freight rates and insurance costs for shipping crude from the Middle East after attacks on ships in...
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ships

July 4, 2019

They may still be six months away, but new rules on marine fuels are already sending shock-waves through the little-known world of refinery feedstocks. (more…)
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crude

July 3, 2019

April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand...
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Hormuz

July 3, 2019

A US military plan to seek more international support to protect oil shipments through the Strait of Hormuz will be challenging, especially with President Donald...
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china_oil

July 3, 2019

As Chinese refiners struggle with low profits from turning oil into products like gasoline and plastics that have prompted run cuts across the country, a...
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BIMCO_

July 1, 2019

The world’s oil refineries could have done more to be ready in time for new rules governing the kind of fuel that merchant vessels must...
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crude oil export korea

June 28, 2019

April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand...
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tanker_oil

June 25, 2019

The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a third of all seaborne petroleum....
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crude_tanker

June 25, 2019

In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest exporter of crude this spring is long over....
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A fuel tanker navigates near the Cienfuegos Oil Refinery some 240 kilometres, (150 miles), southeast of Havana February 7, 2013.

June 24, 2019

The volume of clean oil products flowing from the Persian Gulf into Asia could see some drops in the coming weeks as Asian traders and...
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Oil_tanker_refinery

June 24, 2019

Oil rocketed to its biggest weekly gain in more than two years as U.S. President Donald Trump’s aborted air strikes against Iran left Middle East...
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