crude oil


Saturday, August 3, 2024
Energy

Oil Settles At 8-Month Low After Disappointing US Job Numbers

By Georgina McCartney HOUSTON Aug 2 (Reuters) – Oil prices fell on Friday, settling at their lowest since January after data showed the

August 3, 2024
Total Views: 992

Tuesday, July 9, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Slumping Freight Rates Telegraph Warning on Asian Crude Demand

(Bloomberg) — The cost of shipping crude oil along key routes to Asia is slumping as supertankers take shorter trips and demand softens in China. Freight

July 9, 2024
Total Views: 794

Thursday, June 27, 2024
Shipping

Canada Finds It’s Cheaper to Ship Oil Via Stop in California

(Bloomberg) — Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California

June 27, 2024
Total Views: 2780

Tuesday, June 4, 2024
Shipping

Crude Oil Tanker Market Grappling With Ageing Fleet

ATHENS, June 4 (Reuters) – The crude oil tanker market is grappling with an ageing fleet of vessels which need to be replaced, posing a challenge as

June 4, 2024
Total Views: 1004

Monday, June 3, 2024
Shipping

OPEC+ Extends Deep Oil Production Cuts into 2025

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI, June 2 (Reuters) – OPEC+ agreed on Sunday to extend most of its deep oil output

June 3, 2024
Total Views: 578

Shipping

Swirling Global Uncertainties Make It a Great Time to Be a Greek Shipowner

(Bloomberg) — Sandwiched between the world’s great global powers in a time of deepening global tensions, Greek shipowners are still finding a way to

June 3, 2024
Total Views: 761

Thursday, May 30, 2024
Shipping

OPEC+ Working on Complex Deal to Extend Production Cuts into 2025, Sources Say

By Dmitry Zhdannikov, Alex Lawler and Maha El Dahan LONDON, May 30 (Reuters) – OPEC+ is working on a complex deal to be agreed at its meeting

May 30, 2024
Total Views: 517

Tuesday, May 21, 2024
Shipping

First Oil Export Cargo from Canada’s Expanded Trans Mountain Pipeline Set to Load

HOUSTON, May 20 (Reuters) – Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first

May 21, 2024
Total Views: 1280

Shipping

Oil Shipments at Risk From Rising Sea Levels, Think Tank Warns

SINGAPORE, May 21 (Reuters) – Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like

May 21, 2024
Total Views: 1031

Sunday, April 21, 2024
Shipping

Oil Supertankers Headed For China Jump To The Highest In A Year

By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling

April 21, 2024
Total Views: 7017

Monday, March 11, 2024
News

U.S. Leads Global Oil Production for Sixth Straight Year

March 11 (Reuters) – U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9

March 11, 2024
Total Views: 1617

Friday, January 19, 2024
Shipping

Europe, Africa Crude Market Tightens on Red Sea Disruptions, China Demand

LONDON, Jan 19 (Reuters) – The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply

January 19, 2024
Total Views: 1492

Wednesday, December 6, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

US Sanctions Show Early Signs of Disrupting Russian Oil Tankers

(Bloomberg) — US sanctions on a handful of tankers engaged in the Russian oil trade appear to have placed several of the ships in limbo, highlighting the

December 6, 2023
Total Views: 1237

Monday, November 6, 2023
Crude Oil Tanker MT Aegean Unity Transiting New Panama Canal Locks
Shipping

Panama Canal Drought Risks Driving Away Large Oil Tankers

(Bloomberg) — Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by

November 6, 2023
Total Views: 5487

two tankers conduct ship-to-ship transfer
Shipping

Iran Oil Flows Fell Sharply Last Month, Tanker Watchdog Says

By Alaric Nightingale (Bloomberg) — Iran’s oil exports dropped for a second month in October, data from a firm that analyzes satellite imagery of

November 6, 2023
Total Views: 1426

Tuesday, October 24, 2023
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
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IEA Predicts Global Oil Demand Peaking This Decade

(Bloomberg) — Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing

October 24, 2023
Total Views: 1918

Sunday, October 8, 2023
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong
Shipping

As Israel-Hamas War Rages, Oil Traders Focus On Iran

By Grant Smith Oct 8, 2023 (Bloomberg) –As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is

October 8, 2023
Total Views: 2609

Thursday, September 28, 2023
Exxon Barred From Trucking Oil From California Offshore Platform
Shipping

Exxon Barred From Trucking Oil From California Offshore Platform

(Bloomberg) — Exxon Mobil Corp. won’t be able to revive oil platforms off the California coast by relying on trucks to ship crude to refineries on

September 28, 2023
Total Views: 3239

Wednesday, September 27, 2023
War Forces Grain and Oil to Travel Record Distances, UN Says
Shipping

War Forces Grain and Oil to Travel Record Distances, UN Says

(Bloomberg) — Buyers are shipping grains and oil from further and further away after Russia’s invasion of Ukraine disrupted traditional trade routes.

September 27, 2023
Total Views: 588

Tuesday, September 26, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Mideast-Asia Tanker Rates Rebound, Capped by OPEC+ Supply Cuts

SINGAPORE, Sept 26 (Reuters) – The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low

September 26, 2023
Total Views: 419