Oil

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

Oil

coal

June 26, 2017

Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance....
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Palmetto-State

June 23, 2017

The hottest trade in the U.S. gasoline market is starting to cool. (more…)
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OPEC-OPEK

June 22, 2017

OPEC countries are discussing deepening their production cut agreement, Iran oil minister Bijan Zanganeh said Wednesday, even as some members say the recent extension of...
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oil

June 21, 2017

Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for the past two decades,...
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Clarksons

June 19, 2017

A few weeks ago, OPEC and other major oil producers agreed to extend 1.73m bpd of production cuts until the end of Q1 2018. (more…)
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A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC's headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader

June 15, 2017

OPEC has finally acknowledged what the oil market already knows, namely that rebalancing is taking longer than expected. Perhaps this is because OPEC is actually...
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The Angleviken Maltese oil tanker sails offshore Saint-Nazaire, western France, on March 10, 2016.   / AFP / LOIC VENANCE        (Photo credit should read LOIC VENANCE/AFP/Getty Images)

June 14, 2017

If a single ship can capture the current state of the global oil market, it’s the supertanker Saiq, floating idly about 850 kilometers (530 miles)...
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crude oil export korea

June 13, 2017

The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at...
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Malta-flagged Iranian crude oil supertanker "Delvar" is seen anchored off Singapore in this March 1, 2012 file photo. The United States expects countries that buy oil from Iran to further reduce their purchases if they want to avoid U.S. sanctions, a State Department source said on December 5, 2012.  REUTERS/Tim Chong (SINGAPORE - Tags: BUSINESS POLITICS ENERGY MARITIME)

June 9, 2017

China’s crude oil imports rebounded to the second highest on record in May, making China the world’s top buyer for the month amid concerns over...
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qatar

June 7, 2017

Oil markets seem impervious to geopolitical risk. As four Arab neighbors imposed an unprecedented embargo on Qatar on Monday, oil prices briefly jumped 1.6 percent...
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DP-world

June 7, 2017

The biggest Middle East oil and container ports banned all vessels sailing to and from Qatar from using their facilities amid a diplomatic crisis gripping...
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qatargas

June 6, 2017

Saudi Arabia’s decision to break off diplomatic ties with its Persian Gulf neighbor, Qatar is unlikely to directly impact crude oil and LNG shipping, market...
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GAS

June 6, 2017

Qatar, the world’s biggest seller of liquefied natural gas, can still access shipping routes to deliver oil and gas to buyers after Saudi Arabia and...
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BP

June 1, 2017

Reports of deep-sea drilling’s demise in a world of sub-$100 oil may have been greatly exaggerated, much to OPEC’s dismay. (more…)
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OPEC-OPEK

May 30, 2017

Hedge funds are giving OPEC some credit again. (more…)
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