Tuesday, March 16, 2021
Friday, January 22, 2021
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...
Wednesday, January 20, 2021
Tanker Owners Pay to Move Crude in Wake of Supply Cuts
By Alex Longley (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s...
Friday, January 8, 2021
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...
Tuesday, January 5, 2021
Monday, December 28, 2020
Friday, November 13, 2020
China Oil Giant Unipec Eyes New Supertankers to Shrink Fuel Glut
By Sharon Cho, Elizabeth Low and Ann Koh (Bloomberg) –China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers...
Friday, November 6, 2020
Oil Pares Weekly Gain on Virus Surge and Election Uncertainty
By Andres Guerra Luz By Andres Guerra Luz (Bloomberg) –Oil pared its weekly gain as a resurgent pandemic raised the risk of further demand destruction, while the market awaits the...
Friday, October 30, 2020
Chevron, Exxon Shrink Spending as Coronavirus Cuts Demand
By Jennifer Hiller, Arathy S Nair and Shariq Khan Oct 30 (Reuters) – U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the third quarter in...
Thursday, October 29, 2020
Exxon Mobil’s Fading Star: United States’ Once Biggest Energy Company Surpassed by Rivals
By Jennifer Hiller Oct 29 (Reuters) – Exxon Mobil Corp was once the largest U.S. publicly traded company in the United States. Now, the oil major is not even the...
Thursday, October 15, 2020
U.S. Crude, Fuel Stockpiles Drop Sharply Amid Hurricane -EIA
By David Gaffen Oct 15 (Reuters) – U.S. crude stockpiles fell sharply last week, as offshore oil production was shut due to Hurricane Delta, while distillate inventories posted their biggest...
Thursday, September 10, 2020
BP Books Tanker for Storage at Lowest Rate This Year
By Florence Tan and Roslan Khasawneh SINGAPORE, Sept 10 (Reuters) – Oil major BP has provisionally chartered a supertanker to store crude oil off Malaysia at this year’s lowest rate...
Thursday, July 23, 2020
Oil Drops With Demand Worries Reverberating From U.S. to Asia
By Andres Guerra Luz (Bloomberg) –Oil weakened as economies from the U.S. to Asia signaled a deepening demand fallout from the coronavirus pandemic. China’s cooling oil consumption hurt prices for Iraqi...
Monday, July 20, 2020
Oil Tanker Titans to Get Little Joy From OPEC+ Opening the Taps
By Ryan Hesketh (Bloomberg) –At almost any other moment in history, the promise of oil producers pouring millions of barrels of crude to the global market would have been cause...
Friday, July 17, 2020
Wednesday, July 15, 2020
Gunvor CEO Says Oil Trading and Shipping Thrived Amid Coronavirus Crash
By Andy Hoffman and Laura Hurst (Bloomberg) –The billionaire CEO of Gunvor Group told staff the firm thrived during the oil market meltdown caused by the Covid-19 pandemic as trading...
Wednesday, July 1, 2020
Thrown for a LOOP: Crude Exports in Surprising Surge at U.S. Offshore Port
By Laila Kearney NEW YORK, July 1 (Reuters) – Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen...
Tuesday, June 30, 2020
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