crude oil

The first half of 2018 has been a historically bad year for crude oil tankers as earnings hit their lowest level on record in heavy loss-making territory,

By Jessica Summers (Bloomberg) — Oil rose to a level last seen in late 2014 after U.S. crude stockpiles tumbled by the most since September 2016. Futures

by Devika Krishna Kumar (Reuters) – The Diamond Pipeline has scrambled crude oil flows around the U.S. Gulf Coast and Midwest since it opened in

By Barbara Powell and Tiffany Kary (Bloomberg) — Philadelphia Energy Solutions LLC, owner of an oil refinery that supplies more than a quarter

by Ahmed Rasheed (Reuters) Iraq has increased oil export capacity from its southern ports by 900,000 barrels per day (bpd) to 4.6 million bpd after adding a

By Serene Cheong (Bloomberg) — The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering

By Mark Shenk (Bloomberg) — Oil fell as a U.S. drilling revival undermines the potential for OPEC output curbs to rebalance the market. Futures

By Amanda Cooper LONDON, Dec 13 (Reuters) – Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully

By Saleh Sarrar and Hatem Mohareb (Bloomberg) — Libya boosted crude production by more than 70 percent since August as some oil fields resumed output and

By Tracy Alloway and Javier Blas (Bloomberg) — From Norway to the Bahamas, from Algeria to Australia. Ultra-low crude prices combined with cheap shipping

By Mikael Holter and Rakteem Katakey (Bloomberg) — Crude markets will continue to be plagued by volatility in the short and medium term after suffering

The glut of crude oil stored in ships on the North Sea is finally starting to dissipate. Demand for the commodity has increased as traders take advantage of

(Bloomberg) China’s imports of crude oil, coal and natural gas slowed in July, offering no solace for producers hoping demand from the world’s largest

by Hashem Kalantari  Deena Kamel  (Bloomberg) Iran will start sending 300,000 barrels a day of crude to Europe, 54 percent of the total it

By Billy House and Erik Wasson (Bloomberg) — Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40-

by David Wethe and Saleha Mohsin (Bloomberg) – The number of jobs gutted from oil and gas companies around the world has now passed the 250,000

By Nia Williams CALGARY, Alberta, Nov 5 (Reuters) – TransCanada Corp said on Thursday it has scrapped plans to build a port in Quebec and will have only

  WASHINGTON, Sept 17 (Reuters) – A bill to repeal the 40-year-old ban on U.S. oil exports easily passed the energy panel in the House of

By Mark Shenk (Bloomberg) — Oil climbed amid speculation that its drop below $50 a barrel is excessive given projections that U.S. supply will decline.

by Juan Pablo Spinetto (Bloomberg) Prumo Logistica SA, the Brazilian port developer controlled by private equity investors EIG Global Energy Partners LLC, rose