oil supply

Tuesday, April 7, 2015
al naimi saudi oil minister

Saudis Boost Oil Output While Standing Ready to Stabilize Price

Saudi Arabia, which increased oil production to 10.3 million barrels a day in March, is ready to bring stability to prices, said oil minister Ali

April 7, 2015
Total Views: 1

Sunday, April 5, 2015
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Record Gasoline Output to Curb Biggest U.S. Oil Glut in 85 Years

Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing

April 5, 2015
Total Views: 9

Wednesday, March 18, 2015
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Maritime News

Saudi Crude Exports Up in January

Saudi Oil Minister Ali al-Naimi has said oil demand was growing and expected oil prices, which hit a near six-year low in January, to

March 18, 2015
Total Views: 2

Sunday, March 15, 2015
drilling texas land rig

Oil Slumps to Six-Year Low as U.S. Production Seen Filling Tanks

“We are seeing downside momentum now develop in the

March 15, 2015
Total Views: 1

Wednesday, March 11, 2015

Oil Market Shrugs Off Worries About Crude Stocks: Kemp

Rebalancing is already under way in the oil market. On the supply side, there are some signs the surge in crude from U.S. shale plays is beginning to level out

March 11, 2015
Total Views: 1

Tuesday, March 3, 2015
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Maritime News

Glencore Sees ‘Blowout’ Year for Oil Trade as Volatility Surges

Glencore Plc, the world’s biggest listed commodities trader, said 2015 could be a boom year for oil amid the biggest price swings in six

March 3, 2015
Total Views: 2

Sunday, March 1, 2015
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Hedge Funds Continue to Bet Against the Price of Oil

“This tidal wave of crude oil is just too

March 1, 2015
Total Views: 8

Tuesday, February 17, 2015

Oil Rises as OPEC Producers Signal Optimism Over Market Recovery

Oil extended three consecutive weekly gains in London as OPEC ministers signaled their confidence that the market can sustain its

February 17, 2015
Total Views: 1

Tuesday, February 3, 2015

BP CEO Sees No Hope of $100 Oil for ‘Long Time’ Amid Glut

BP Plc boss Bob Dudley is very bearish on the price of oil. He says this feels the same as 1986, when oil slumped from $30 a barrel to $10 and didn’t recover

February 3, 2015
Total Views: 5

vopak oil storage tanks

Vopak to Start Up Malaysian Oil Storage Facility

World's largest independent storage company Vopak will start operations at the first commercial crude oil tank farm in southeast Asia in March, a top company

February 3, 2015
Total Views: 32

Tuesday, January 20, 2015
oil storage tanks salalah

Oil Trades Below $47 as Rising U.S. Supplies Seen Expanding Glut

Oil traded below $47 a barrel as forecasts for rising U.S. crude stockpiles bolstered speculation that a global glut that spurred a price collapse may

January 20, 2015
Total Views: 0

Wednesday, January 7, 2015
stena forth drillship

Riskiest Oil Projects Crushed by Price Collapse

Dangerous and difficult oilfields that looked like goldmines when crude fetched more than $100 a barrel have turned into money pits as oil crashes to

January 7, 2015
Total Views: 3

Monday, January 5, 2015
oil storage tanks minah raysut salalah port

WTI Falls Below $50 a Barrel

West Texas Intermediate oil fell below $50 a barrel for the first time since April 2009 as surging supply signaled that the global glut that drove crude into a

January 5, 2015
Total Views: 1

Friday, January 2, 2015

Oil Trades Near 5-Year Low Amid Manufacturing Weakness

Oil traded near its lowest closing price since mid-2009 amid signs of manufacturing weakness in Europe and

January 2, 2015
Total Views: 4

Wednesday, December 3, 2014
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Brent Crude Trades Near $70 as Traders Assess OPEC Decision

Brent crude traded near $70 a barrel, erasing earlier gains as traders evaluated the impact of OPEC’s decision to maintain output at last week’s meeting.

December 3, 2014
Total Views: 0

Sunday, November 30, 2014
fuel storage tanks
Maritime News

China Winning in OPEC Price War as Oil Hoarding Accelerates

China is emerging as the winner from OPEC’s battle with rival oil producers as the world’s biggest energy consumer stockpiles

November 30, 2014
Total Views: 2

Friday, November 28, 2014
ras tanura crude oil terminal saudi aramco

Oil Steadies After OPEC Triggers Biggest Slump in Three Years

Brent crude steadied after OPEC triggered the biggest one-day plunge in three years yesterday by failing to cut its output in response to a glut. Oil in New

November 28, 2014
Total Views: 1

Thursday, November 27, 2014

Crude Trades at Four-Year Low as OPEC Seen Resisting Supply Cuts

Brent and West Texas Intermediate crudes fell to the lowest in more than four years amid speculation that OPEC will refrain from cutting production limits at

November 27, 2014
Total Views: 2

Wednesday, November 26, 2014
offshore drilling drillship dual activity

Oil Bust of 1986 Reminds U.S. Drillers of Price War Risk

The last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the

November 26, 2014
Total Views: 10

Tuesday, November 18, 2014
crude oil terminal tanker

WTI Falls as Investors Weigh OPEC Decisions

West Texas Intermediate crude fell for a second day as investors weighed the likelihood of a production cut by OPEC when the group meets next week amid signs

November 18, 2014
Total Views: 0