Oil

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

Oil

Ardmore

May 6, 2021

Ardmore Shipping Corporation announced results for the three months ended March 31, 2021. (more…)
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Francesco-Caio-Saipem

May 5, 2021

Italian oil and gas and renewable industry services giant Saipem has appointed Francesco Caio as its new CEO. (more…)
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crude oil

May 5, 2021

Top oil exporter Saudi Arabia is expected to cut its official selling prices (OSPs) for Asia in June, tracking weakness in Middle East benchmark Dubai...
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oil_barrels

April 20, 2021

China boosted the flow of crude oil into storage tanks in March as strong imports and domestic output exceeded an increase in the volume of...
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BIMCO_

April 16, 2021

Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of...
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Oil

April 6, 2021

U.S. crude oil production has stabilised and is set to start rising again, after the massive shock last year caused by the coronavirus epidemic and...
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FILE PHOTO: Clouds from Hurricane Harvey are seen in the background as smoke rises from a burn off at an oil refinery in Corpus Christi, Texas, U.S. August 26, 2017. REUTERS/Adrees Latif/File Photo

April 2, 2021

The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused...
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oil tanker

March 17, 2021

U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand...
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oil-tanker

March 16, 2021

The United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month, as refiners boosted cheaper U.S. crude purchases to record...
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Supertanker

March 10, 2021

Times are getting tougher by the day for oil tanker owners. (more…)
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China Flag

March 10, 2021

A warning shot has been fired across the bow of proponents of the view that commodities are entering a new super-cycle: China’s imports of crude...
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BIMCO_

March 4, 2021

The snowstorm that hit Texas in the middle of February caused a 1.1 million barrels per day (bpd) drop in US crude oil production between...
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Lindsey-Oil-Refinery

March 3, 2021

The Prax Group has announced that it has completed an exclusive crude oil and feedstocks supply arrangement with Trafigura, a market leader in the global...
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opec

March 3, 2021

OPEC expects oil inventories to drop by about 400 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical...
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Oil

February 25, 2021

Morgan Stanley expects Brent crude prices to climb to $70 per barrel in third quarter on “signs of a much improved market” including prospects of...
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