Oil

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

Oil

Goldman Sachs

November 13, 2020

Goldman Sachs cut its 2021 Brent crude price forecast but said a surge in COVID-19 cases in Europe and the U.S. only represented a “speed...
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ships

November 6, 2020

Asian refiners’ profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies tight while demand...
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pdvsa

November 3, 2020

Venezuela’s oil exports fell to a historic low of 359,000 barrels per day (bpd) in October as most of state-run PDVSA’s long-term clients paused trade...
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OIL

November 3, 2020

Global oil traders Vitol and Trafigura expect a resurgence in coronavirus cases in Europe and the United States to hurt fuel demand although their estimates...
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Chevron

November 2, 2020

U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the third quarter in a race to offset weak trends in fuel...
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Exxon-Mobil

October 30, 2020

Exxon Mobil Corp. will slash its global workforce by 15% by the end of 2022, an unprecedented culling by North America’s biggest oil explorer as...
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iran-oil

October 27, 2020

The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move...
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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)

October 26, 2020

Brazil jumped to China’s third-biggest crude oil supplier in September, import data showed on Sunday, as China’s independent refiners scooped up cheap supplies of the...
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crude oil export korea

October 23, 2020

U.S. crude oil exports are expected to sputter through the end of 2020 due to weak production and unfavorable economics for foreign buyers of U.S....
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Venez_PDVSA

October 21, 2020

An oil tanker operated by Venezuelan state oil company Petroleos de Venezuela on Tuesday approached a floating oil facility where it is expected to receive...
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crude_tanker

October 21, 2020

China’s flow of crude oil into storage accelerated in September, reversing two months of declines, as the world’s biggest importer of the fuel continued to...
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vlcc-ship

October 12, 2020

The top oil executive at one of the world’s biggest commodity traders is calling for stricter regulations to force the shipping industry to cut carbon...
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ship

October 12, 2020

An Iranian-flagged oil tanker left Venezuela on Friday for Iran’s Kharg Island, Refinitiv Eikon data showed, after the vessel loaded 1.9 million barrels of heavy...
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oil_bar

October 2, 2020

OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian...
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Oil

October 1, 2020

Oil prices will stay near current levels this year as rising novel coronavirus cases threaten to slow the pace of demand recovery and counter output...
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