Oil


Friday, March 23, 2018
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong
Shipping News

What’s at Stake for Oil as Trump Appoints Another Iran Hawk?

By Grant Smith and Anthony DiPaola (Bloomberg) — When former United Nations ambassador John Bolton becomes U.S. national security adviser next month, he

March 23, 2018
Total Views: 24

Friday, March 2, 2018
nave Pyxis
Shipping News

Oil Traders Make Sea Odyssey as Gasoline Criss-Crosses Globe

By Ann Koh, Serene Cheong and Laura Blewitt (Bloomberg) — Over the course of March, the oil tanker Nave Pyxis will slice through the Pacific Ocean as it

March 2, 2018
Total Views: 51

Friday, February 9, 2018
ships at anchor
Shipping News

How Soaring US Oil Exports to China are Transforming the Global Oil Game

By Henning Gloystein SINGAPORE, Feb 9 (Reuters) – Bit by bit, the U.S. petroleum industry is turning world oil markets inside out. First, sharp drops in

February 9, 2018
Total Views: 64

Monday, January 22, 2018
The Philadelphia Energy Solutions oil refinery owned by The Carlyle Group is seen at sunset in Philadelphia. Photo REUTERS/David M. Parrott
Shipping News

Biggest U.S. East Coast Oil Refinery Files for Bankruptcy

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

January 22, 2018
Total Views: 56

Sunday, January 21, 2018
Editorial: Oil’s Rout Is Over, Hail the Return of $100 Crude! Maybe
News

Editorial: Oil’s Rout Is Over, Hail the Return of $100 Crude! Maybe

By Julian Lee (Bloomberg Gadfly) — After three years of gloom, the number 100 is finally starting to resurface in the forecasts of market analysts. A

January 21, 2018
Total Views: 39

Monday, January 15, 2018
tanker loading
Shipping News

Oil Propelled Past $70 for First Time in Three Years

By Robert Tuttle (Bloomberg) — Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent

January 15, 2018
Total Views: 38

Monday, December 18, 2017
tanker loading
News

Oil Steadies Above $57 Amid Supply Disruptions Around the World

By Grant Smith (Bloomberg) — Oil steadied above $57 a barrel in New York as the threat of supply disruptions from the North Sea to OPEC member Nigeria

December 18, 2017
Total Views: 29

Tuesday, December 12, 2017
offshore platform
News

UK North Sea’s Biggest Oil and Gas Pipeline Could Be Shut for ‘Weeks’

By Ron Bousso, Amanda Cooper and Alex Lawler LONDON, Dec 12 (Reuters) – Britain’s biggest pipeline from its North Sea oil and gas fields is

December 12, 2017
Total Views: 91

oil storage tankers
Shipping News

Brent Oil Jumps Above $65 for First Time Since 2015 on Pipe Halt

By Grant Smith (Bloomberg) — Global benchmark Brent crude jumped above $65 a barrel for the first time in 2 1/2 years after one of the most important

December 12, 2017
Total Views: 78

Monday, December 11, 2017
nuclear icebreaker convoy
News

The Arctic Threat to OPEC’s Grand Oil Price Strategy

By Julian Lee (Bloomberg Gadfly) — When Saudi Arabia’s oil minister attended Friday’s grand opening of a giant liquefied natural gas plant in

December 11, 2017
Total Views: 33

Thursday, November 30, 2017
oil tanker at sea
News

U.S. Oil Owes Mexico Crude for Success as Tankers Ferry Both

By Serene Cheong (Bloomberg) — U.S. crude may owe supply from Mexico for helping it capture a share of the world’s biggest oil market this

November 30, 2017
Total Views: 36

Tuesday, November 14, 2017
tanker loading
Shipping News

U.S. to Dominate Oil Markets After Biggest Boom in World History  

By Grant Smith (Bloomberg) — The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the

November 14, 2017
Total Views: 110

Thursday, November 9, 2017
Offshore oil rigs. Photo: By Lukasz Z / Shutterstock
Offshore

Peak Oil? Majors Aren’t Buying Into Threat from Renewables

By Ernest Scheyder and Ron Bousso HOUSTON/LONDON, Nov 8 (Reuters) – Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its

November 9, 2017
Total Views: 79

Wednesday, November 8, 2017
auger tension leg platform
Shipping News

Crude Goes on Wild Ride as Stockpile Surge Outweighs Platform Shutdowns

By Jessica Summers (Bloomberg) — Crude went on a roller-coaster ride Wednesday as platform closures in the Gulf of Mexico led futures to spike, while the

November 8, 2017
Total Views: 23

Wednesday, October 25, 2017
ships at anchor
Shipping News

No Rally to $70/b Oil This Year, Says Global Risk Management -Interview

By Christopher Sell (Bloomberg) — Michael Poulsen, senior oil risk manager at Global Risk Management, says U.S. shale producers have demonstrated

October 25, 2017
Total Views: 49

Monday, October 9, 2017
oil tanker
Shipping News

OPEC Chief Says Floating Storage Shrinking as Market Rebalances

By Angelina Rascouet (Bloomberg) — Crude oil in floating storage is declining, showing that the market is rebalancing, OPEC Secretary-General Mohammad

October 9, 2017
Total Views: 57

Thursday, August 31, 2017
Johan Sverdrup jacket installation
News

Future of Oil Takes Center Stage in Norwegian Election

By Gwladys Fouche STAVANGER, Norway, Aug 31 (Reuters) – The future of Norway’s oil sector is emerging as a key issue for voters in a Sept. 11

August 31, 2017
Total Views: 30

Tuesday, June 13, 2017
A Laden Supertanker Sitting Idle a Sign of OPEC’s Struggle
Interesting

A Laden Supertanker Sitting Idle a Sign of OPEC’s Struggle

By Laura Hurst and Javier Blas (Bloomberg) — If a single ship can capture the current state of the global oil, it’s the supertanker Saiq, floating idly

June 13, 2017
Total Views: 120

Friday, May 26, 2017
Big Drop in U.S. Oil Stocks Finally on the Way, Traders Say
News

Big Drop in U.S. Oil Stocks Finally on the Way, Traders Say

By Catherine Ngai and Devika Krishna Kumar NEW YORK, May 25 (Reuters) – Oil traders and analysts are expecting large volumes of crude to draw from

May 26, 2017
Total Views: 24

Thursday, May 25, 2017
As the U.S. Sends More Oil to World, OPEC Sends Less to U.S.
News

As the U.S. Sends More Oil to World, OPEC Sends Less to U.S.

By Serene Cheong (Bloomberg) — OPEC is finally making the move that could help complete a mission that it’s failed so far: shipping less oil to the

May 25, 2017
Total Views: 17