Friday, November 6, 2020
Maritime News

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,

November 6, 2020
Total Views: 35

Friday, October 30, 2020
Offshore Oil Rig At Night
Maritime News

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

October 30, 2020
Total Views: 106

Chevron Big Foot
Maritime News

Chevron Posts Surprise Profit But Outlook is Grim

By Kevin Crowley (Bloomberg) –Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven

October 30, 2020
Total Views: 40

Thursday, October 29, 2020
semisubmersible drilling rig at sea

Exxon Mobil to Slash 14,000 Jobs Due to Oil Slump

By Kevin Crowley (Bloomberg) –Exxon Mobil Corp. will slash its global workforce by 15% by the end of 2022, an unprecedented culling by North America’s

October 29, 2020
Total Views: 83


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

October 29, 2020
Total Views: 66

Thursday, October 15, 2020
tanker loading
Maritime News

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

October 15, 2020
Total Views: 20

Thursday, September 10, 2020
oil tanker photo
Maritime News

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

September 10, 2020
Total Views: 111

Thursday, July 23, 2020
vlcc tanker
Maritime News

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.

July 23, 2020
Total Views: 18

Monday, July 20, 2020
Oil tanker in Ningbo Zhoushan port
Maritime News

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

July 20, 2020
Total Views: 12

Friday, July 17, 2020
oil tanker at anchor
Maritime News

Oil Weakens In Wake of Sluggish Economic Recovery

By Andres Guerra Luz (Bloomberg) –Crude dropped as investors assessed weak economic data and signals that a recovery in consumption may be slowing.

July 17, 2020
Total Views: 25

Wednesday, July 15, 2020
tanker at sea
Maritime News

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

July 15, 2020
Total Views: 39

Wednesday, July 1, 2020
Louisiana Offshore Oil Port
Maritime News

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

July 1, 2020
Total Views: 49

Tuesday, June 30, 2020
vlcc tanker
Maritime News

Saudi Arabia Makes Good on OPEC+ Oil Cuts

(Bloomberg) — Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June. Observed Saudi crude exports for this

June 30, 2020
Total Views: 16

Friday, June 26, 2020
Maritime News

Top Oil Pricing Agencies Launch New U.S. Crude Benchmarks

By Julia Payne and Devika Krishna Kumar LONDON/NEW YORK, June 25 (Reuters) – After U.S. crude futures took an historic plunge into negative territory in

June 26, 2020
Total Views: 46

Thursday, June 11, 2020
oil tanker
Maritime News

Oil Plummets With Economic Jitters Surging Through Markets

By Hailey Waller and Alex Longley (Bloomberg) –Crude futures plunged by the most since late April a day after the Federal Reserve provided a gloomy

June 11, 2020
Total Views: 23

Monday, June 1, 2020
vlcc tanker
Maritime News

Oil Tankers Queuing Off Chinese Coast Evidence of Rapid Rebound

By Serene Cheong and Ann Koh (Bloomberg) — Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for

June 1, 2020
Total Views: 176

oil tanker loading
Maritime News

Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain Rally

By Olivia Raimonde and Hailey Waller (Bloomberg) — OPEC+ and its allies will decide as soon as this week whether or not to extend their historic output

June 1, 2020
Total Views: 21

Friday, May 29, 2020
oil tanker
Maritime News

Oil’s Record Rebound Stymied by Demand Uncertainty

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s historic rebound this month from its dramatic plunge below zero is running into headwinds.

May 29, 2020
Total Views: 14

wind turbine
Maritime News

Oil and Gas Refugees Are Being Courted By Clean Energy in Texas

By Brian Eckhouse and David Wethe (Bloomberg) –Jeff Bishop’s LinkedIn post gets right to the point: “Houston Oil & Gas Folks — we’re

May 29, 2020
Total Views: 10

Thursday, May 28, 2020
tanker loading
Maritime News

Flurry of U.S. Crude Export Fixtures Signals Demand Recovery

By Devika Krishna Kumar NEW YORK, May 28 (Reuters) – A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is

May 28, 2020
Total Views: 18