Oil

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

Oil

OPEC-OPEK

October 19, 2021

OPEC+ compliance with oil cuts fell slightly to 115% in September, sources said, indicating that as the alliance raises production targets, some members are still...
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crude oil

October 14, 2021

China’s September crude oil imports fell 15.3% from a year earlier, data showed on Wednesday, as companies drew on inventories amid rising global prices and...
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Oil

October 13, 2021

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that...
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oil-tanker

September 28, 2021

Brent approached $80-a-barrel on signs that the crude market is rapidly tightening amid a global energy crunch. (more…)
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goldman_sachs

September 28, 2021

Goldman Sachs raised its forecast for year-end Brent crude oil prices to US$90 per barrel from US$80, as a faster fuel demand recovery from Delta...
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oil

September 24, 2021

Recovering demand for US oil products has caused a 25.9% rise in US seaborne imports of oil products in the first seven months of 2021...
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Vitol_LNG

September 23, 2021

Trade deficits have been a stubborn feature of the U.S. economy for decades now, but energy has started to buck that trend, helped by burgeoning...
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petrobras

September 21, 2021

Brazilian state-controlled Petrobras is the latest national oil company to commit to becoming carbon neutral, in line with the 12-member global oil and gas climate...
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oil

September 21, 2021

Saudi Arabia, the world’s biggest oil exporter, kept its ranking as China’s top crude supplier for a ninth straight month in August as major producers...
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A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC's headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader

September 13, 2021

OPEC wil likely revise down its 2022 oil demand growth forecast on Monday, two OPEC+ sources said, as the spread of the Delta coronavirus variant...
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Exxon-Mobil

September 13, 2021

The U.S. Energy Department said on Thursday it has approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the...
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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)

September 13, 2021

The share of Middle Eastern crude in South Korea’s 2021 refinery feedstock import basket could fall to the lowest level in more than three decades,...
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oil

September 2, 2021

OPEC+ revised up its 2022 oil demand forecast ahead of a meeting of the oil producing group on Wednesday, amid U.S. pressure to raise output...
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FILE - In this Tuesday, April 27, 2010 file photo, An oil rig is seen in the Gulf of Mexico near the Chandeleur Islands, off the Southeastern tip of Louisiana. Energy companies have reoccupied nearly 400 of the production platforms in the Gulf of Mexico that were abandoned in advance of Hurricane Isaac, though oil production remains almost entirely shut down. Oil and gas workers began retaking the offshore sites Friday and federal officials on Saturday, Sept. 1, 2012 say that 377 of the 596 productions platforms have some staffing on them, up from just 97.  (AP Photo/Gerald Herbert, File)

August 31, 2021

Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to an OPEC+ meeting that...
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oil

August 25, 2021

U.S. crude and gasoline inventories likely declined last week, while distillate stockpiles are expected to have increased, a preliminary Reuters poll showed. (more…)
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