Oil

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

Oil

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016.   REUTERS/Nick Oxford

July 20, 2021

Saudi Arabia’s crude oil exports rose in May to 5.649 million barrels per day (bpd), their highest level in four months, Joint Organisations Data Initiative...
Read More
oil_bar

July 19, 2021

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy...
Read More
EIA sign

July 16, 2021

In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of...
Read More
OIL

July 8, 2021

Goldman Sachs said the collapse of OPEC+’s oil output talks have introduced uncertainty into the group’s production path, while maintaining its view of $80 a...
Read More
crude oil export korea

July 7, 2021

Crude oil buyers in Asia are concerned that an unexpected cancellation of an OPEC+ meeting to discuss a rise in output could drive oil prices...
Read More
opec-fracking

July 6, 2021

OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates balked at a proposed eight-month extension to...
Read More
BMC1

June 24, 2021

Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12.0% in the first five months of this year...
Read More
iran-oil

June 22, 2021

Iran could quickly export millions of barrels of oil it is holding in storage if it reaches a deal with the United States on its...
Read More
oil_bar

June 22, 2021

The price gap between the world’s two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil...
Read More
crude oil

June 17, 2021

Asian refiners are paying the highest premiums for Middle East and Russian crude oil in about a year, due to firm demand and more costly...
Read More
Shengli Oil Field

June 14, 2021

U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue...
Read More
tanker_oil

June 9, 2021

Here’s something for oil bulls to chew on as Brent crude trades near $72: tankers are holding several million barrels of oil in the North...
Read More
opec-fracking

June 1, 2021

OPEC oil output has risen in May as the group agreed to ease supply curbs under a pact with allies, a Reuters survey showed, although...
Read More
crude oil

May 31, 2021

U.S. crude oil output jumped 14.3% to 11.2 million barrels per day (bpd) in March from 9.8 million bpd in February, the U.S. Energy Information...
Read More
IRAN

May 26, 2021

Iran is starting to build its offshore oil storage as chances of a new nuclear deal grow higher, which will enable it to reclaim its...
Read More