Oil

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

Oil

oil

January 11, 2021

Saudi Arabia’s voluntary oil production cut is expected to bring the oil market into deficit for most of 2021 even as new lockdowns to contain...
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pdvsa

December 30, 2020

In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American...
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iran-oil

December 17, 2020

The United States on Wednesday imposed sanctions on companies based in China and the United Arab Emirates, accusing them of supporting the sale of Iranian...
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Oil

December 17, 2020

U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. (more…)
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IRAN

December 15, 2020

A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export, documents from state-run PDVSA show, providing evidence of the...
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aframax1

December 14, 2020

Abundant charterer inquiry in the Americas Aframax market left sources calling freight for the benchmark US Gulf Coast-UK Continent route higher at w47.5-w52.5 early Dec....
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US_crude

December 11, 2020

US crude oil stocks moved sharply higher in the week ended Dec. 4 as exports tested multiyear lows and imports surged to levels last seen...
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oil_barrels

December 2, 2020

Global demand for oil is running about 5 million to 6 million barrels per day (bpd) below pre-coronavirus crisis levels and OPEC with its allies...
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CNOOC sign

December 1, 2020

China’s third-biggest oil company faces a U.S. blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling...
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pdvsa

November 30, 2020

Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon...
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oil-tanker

November 23, 2020

Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the...
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Oil

November 23, 2020

U.S. petroleum inventories are falling towards more normal levels as the glut earlier this year caused by volume warfare among OPEC+ members and the first...
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crude_tanker

November 20, 2020

China, the global oil market’s lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while...
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Oil_Supertanker

November 16, 2020

China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude...
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blm

November 13, 2020

It’s the year of the unprecedented and the hurricane season has been no exception. A record-breaking hurricane season shut in an OPEC-nation amount of oil...
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