Oil

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

Oil

tanker

July 3, 2020

The volume of floating crude cargoes in Chinese waters has hit a record high, dampening Chinese refiners’ buying interest in August-onward deliveries, refiners and analysts...
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shell

July 2, 2020

Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen as the coronavirus pandemic...
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oil_tanker

June 30, 2020

The Trump administration’s plan to add as many as 50 oil tankers to an already long list of sanctioned vessels would be enough to send...
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tanker

June 29, 2020

After U.S. crude futures took an historic plunge into negative territory in April, the two top oil price reporting agencies said on Thursday they will...
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China Flag

June 29, 2020

China’s low-sulphur marine fuel exports fell 20% last month to 1.14 million tonnes compared with April, reflecting a monthly dip in demand from international shipping,...
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iea

June 26, 2020

Global energy demand is set to fall by 6% in 2020, the largest in 70 years, due to the coronavirus pandemic, an expert with the...
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pdvsa

June 25, 2020

Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul...
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PetroChina's logo is seen at its petrol station in Beijing, China, March 21, 2016. Picture taken March 21, 2016. REUTERS/Kim Kyung-Hoon/File Photo - S1BEUGCZSZAA

June 23, 2020

Chinese refiners have the capacity to produce 18.1 million tonnes of low-sulphur fuel oil (LSFO) this year, which would make the country self-sufficient in the...
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bunkering

June 19, 2020

Ship fuelling activity in Fujairah in the United Arab Emirates, a bunkering and fuel storage hub in the Middle East, fell in May as declining...
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Petrobras

June 15, 2020

Brazil’s Petroleo Brasileiro SA has told shippers it will not hire any tankers that have visited Venezuela in the past 12 months, the state-controlled oil...
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Pemex logo is seen at the headquarters of state-owned oil giant in Mexico City, Mexico March 18, 2016. REUTERS/Edgard Garrido - RTSB5IW

June 12, 2020

Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said....
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conocophillips

June 12, 2020

ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in...
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Venezuela-Oil-Rig

June 11, 2020

Chinese oil companies may soon decline to charter any tanker that has visited Venezuela in the past year to avoid disruption to operations if the...
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bp

June 9, 2020

BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift...
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opecsign

June 5, 2020

OPEC+ oil producers could still hold a ministerial video conference this week if Iraq and others which have not fully complied with existing oil supply...
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