Oil

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

Oil

crude_oil_tanker-ship

October 3, 2019

Freight rates for U.S. crude tankers bound for Asia were bid up to a more than three-year peak this week as U.S. sanctions on a...
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VLCC-tanker

September 26, 2019

Tanker freight rates soared to their highest levels of the year this week as Asian importers scrambled to secure crude supplies from the U.S. after...
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FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

September 23, 2019

Saudi state oil company Aramco said it will bring back by end September full crude output at Abqaiq and Khurais, the two oil facilities damaged...
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oil_barrels

September 18, 2019

Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. (more…)
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crude oil export korea

September 18, 2019

U.S. crude export demand at the Gulf Coast surged on Monday, traders said, as the window to export crude profitably to Asia and Europe was...
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Supertanker

September 17, 2019

U.S. crude export demand at the Gulf Coast surged on Monday, traders said, as the window to export crude profitably to Asia and Europe was...
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iran-oil

September 16, 2019

Iran dismissed accusations by the United States that it was behind attacks on Saudi oil plants that risk disrupting global energy supplies and warned on...
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A Flint Hills Resources oil refinery stands in Corpus Christi, Texas, U.S., on Thursday, Jan. 7, 2016. Crude oil slid Thursday to the lowest level since December 2003 as turbulence in China, the world’s biggest energy consumer, prompted concerns about the strength of demand. Photographer: Eddie Seal/Bloomberg

September 12, 2019

Multiple oil refineries in Europe will be too unprofitable to continue trading once the industry has dealt with sweeping new rules governing shipping fuel that...
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OPEC-OPEK

September 11, 2019

Middle East crude exports to Asia are expected to grow to 20 million barrels per day by 2040, because of increasing refinery capacity in the...
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usa_sanctions

September 5, 2019

The United States on Wednesday sanctioned an “oil for terror” network of firms, ships and individuals allegedly directed by Iran’s Islamic Revolutionary Guard Corps that...
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iran-oil

September 3, 2019

While U.S. sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic...
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oil_bar

September 2, 2019

The U.S. cracked down on illicit North Korean oil imports, sanctioning a handful of Taiwan- and Hong Kong-based companies for helping Pyongyang evade international restrictions...
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oil tankers

August 29, 2019

A handful of oil tankers carrying US crude to China are racing to beat the September 1 deadline when Beijing’s 5% tariff on US crude...
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US_crude

August 28, 2019

The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million...
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tanker_oil

August 27, 2019

Six ships carrying about 12 million barrels of U.S. crude are headed to China just as Beijing prepares to impose its first ever levy on...
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