Oil

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

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

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

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

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

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

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

By Shu Zhang and Florence Tan SINGAPORE, May 28 (Reuters) – The volume of crude stored on ships in Asia has come off the peaks seen earlier this month

By Kevin Crowley and Rachel Adams-Heard (Bloomberg) –Chevron Corp. is planning a 10% to 15% reduction in its global workforce this year, the biggest cut

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers

By Julian Lee (Bloomberg Opinion) –The waters off the South African oil storage terminal at Saldanha Bay are getting busy. A small flotilla of tankers

By Robert Tuttle (Bloomberg) –Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is

(Bloomberg) — Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and

By Firat Kayakiran (Bloomberg) –Chinese oil traders know bargain crude prices when they see them. That, at least, is one conclusion from the movements of

By Brian Wingfield, Jack Wittels and Firat Kayakiran (Bloomberg) — When the supertanker New Vigorous arrived at the port of Antifer in northern France

By Olivia Raimonde (Bloomberg) — Oil snapped a five-day rally as a persistent supply glut outweighed signs of recovering U.S. fuel demand. Futures in

By Javier Blas (Bloomberg) — Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy

By Firat Kayakiran (Bloomberg) — Oil tanker rates are crashing as a pact to limit global crude production begins. Don’t bet on the rout enduring. From

By Stephen Cunningham and Robert Tuttle (Bloomberg) — A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in

LONDON, April 29 (Reuters) – U.S. buyers of Saudi Arabian crude oil cancelled at least seven April-loading tankers after a jump in freight costs, two