Friday, October 8, 2021
oil tanker

US Crude Oil Tops $80 for First Time Since 2014 as Energy Crisis Threatens Supplies

By Julia Fanzeres (Bloomberg) — U.S. crude futures topped $80 a barrel for the first time since November 2014 as a global energy crisis boosts demand at a time when OPEC+...

October 8, 2021
Total Views: 1184

Monday, September 27, 2021

Brent Rises to Highest Since 2018 on Global Energy Crunch

By Alex Longley and Sheela Tobben (Bloomberg) — Brent approached $80-a-barrel on signs that the crude market is rapidly tightening amid a global energy crunch. The global benchmark crude surged as...

September 27, 2021
Total Views: 1314

Monday, August 30, 2021

Oil Edges Up as U.S. Gulf Producers Assess Damage After Ida

By Sheela Tobben (Bloomberg) –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 could see...

August 30, 2021
Total Views: 851


Hurricane Ida Pummeled U.S. Gulf Coast Energy Suppliers

By Liz Hampton and Erwin Seba HOUSTON, Aug 30 (Reuters) – Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region’s offshore wells and nearly half...

August 30, 2021
Total Views: 1741

Saturday, August 28, 2021
Hurricane Ida Water Vapor Photo

Workers flee 90 Offshore Facilities As Extremely Dangerous Hurricane IDA Churns Toward Oilfields

(Reuters)-U.S. oil and gas companies on Friday cut more than 1.6 million barrels of oil production as a major storm churned toward oilfields that provide 17% of the nation’s oil...

August 28, 2021
Total Views: 1105

Tuesday, August 17, 2021
oil storage tanks

Oil Posts Longest Run of Losses Since March as Recovery Falters

By Ari Hawkins (Bloomberg) –Oil fell for a fourth day, marking its longest run of losses since March, pressured by a rising dollar and economic data illustrating the U.S. recovery’s...

August 17, 2021
Total Views: 1447

Tuesday, June 22, 2021
Oil tanker in Ningbo Zhoushan port

Big Oil CEOs Predict Return of $100 Crude

By Kevin Crowley and Francois de Beaupuy (Bloomberg) — The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of...

June 22, 2021
Total Views: 3857

Tuesday, April 20, 2021
vlcc tanker

Historic Oil Price Crash Marks One Year Anniversary at $63 a Barrel

By Andres Guerra Luz and Alex Longley (Bloomberg) — Oil fluctuated above $63 a barrel, exactly one year after U.S. benchmark crude futures plunged below zero, with traders extending its rally...

April 20, 2021
Total Views: 1504

Thursday, March 25, 2021
oil tanker loading

Tanker Owners Rejoice Then Oil Retreats After Suez Grounding Price Surge

By Sharon Cho (Bloomberg) Oil retreated as traders monitored efforts to dislodge a massive ship blocking the Suez Canal, after two wild days that saw prices whipsaw around 6% in both...

March 25, 2021
Total Views: 4528

Sunday, March 14, 2021

How a Hasty Move to Change the World’s Key Oil Price Unraveled

By Alex Longley (Bloomberg) — How do you measure the value of the world’s most important commodity? It’s a conundrum that brought uproar in the oil market over the past few...

March 14, 2021
Total Views: 5361

Thursday, February 25, 2021

Oil Benchmark Revamp Sees Surge in Trading of Opaque Swaps

By Alex Longley (Bloomberg) — A planned overhaul of how the world’s most important benchmark crude price is calculated has caused a surge in trading of swaps used to hedge North...

February 25, 2021
Total Views: 785

Wednesday, February 24, 2021

Oil Hits One-Year High With Market Eyeing Tight Global Supplies

By Andres Guerra Luz (Bloomberg) — Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback...

February 24, 2021
Total Views: 1169

Monday, February 15, 2021

Oil Rallies Past $60 as Winter Blast Hits Texas

By Sharon Cho and Alex Longley (Bloomberg) — Oil rallied to a 13-month high as freezing weather in Texas disrupted flows from America’s largest shale patch, exposing the fragility of global...

February 15, 2021
Total Views: 1399

Friday, January 22, 2021
offshore rig

Goldman Sachs Says Biden’s First Steps Are Bullish for Oil

By Andres Guerra Luz and Saket Sundria (Bloomberg) — Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market this year and next, according to Goldman...

January 22, 2021
Total Views: 3087

Friday, January 8, 2021
vlcc tanker

Oil Has Best Week in Four Months With Saudi Cut Buoying Prices

By Andres Guerra Luz (Bloomberg) — Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying. Futures in...

January 8, 2021
Total Views: 829

Tuesday, January 5, 2021
oil tanker loading

Oil Tops $50 for First Time Since February

By Andres Guerra Luz (Bloomberg) — Oil surpassed $50 a barrel as Saudi Arabia pledged to voluntarily cut output by an extra 1 million barrels a day from next month, while most of the...

January 5, 2021
Total Views: 1193

Tuesday, November 3, 2020
Maritime News

OPEC Boosts Output Despite COVID Sending Oil Crashing

By Grant Smith and Julian Lee (Bloomberg) OPEC’s effort to shore up world oil markets during the pandemic is facing a new threat — from the group’s own rising production....

November 3, 2020
Total Views: 33

Tuesday, April 28, 2020
oil storage tankers
Maritime News

Oil Slides After ETFs Move Into Later-Dated Contracts

By Mike Jeffers (Bloomberg) — Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels continue to balloon....

April 28, 2020
Total Views: 8

Tuesday, April 21, 2020
Maritime News

Oil Meltdown Widens With June Plunging Below $10 a Barrel

By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged below zero on Monday for the...

April 21, 2020
Total Views: 37

Monday, April 20, 2020
crude oil Pipeline
Maritime News

Energy Equities Hang On Despite Negative Oil Price, Tankers Surge

By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The price on the futures contract for West Texas...

April 20, 2020
Total Views: 15