Oil

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

By David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an

By Olivia Raimonde (Bloomberg) — Oil edged lower for the week after paring losses following the dramatic collapse on Monday that saw prices in New York

By Ronan Martin and Jack Wittels (Bloomberg) — The oil market is getting so glutted that tiny barges that would normally be busily moving fuels

By Jack Wittels, Firat Kayakiran and Javier Blas (Bloomberg) — Oil refiners are hunting for vessels to store jet-fuel and gasoline that nobody is

By Ron Bousso, Stephanie Kelly and Laura Sanicola LONDON/NEW YORK, April 22 (Reuters) – Oil traders are struggling to find enough ships, railcars,

By Jonathan Saul, Devika Krishna Kumar and Olga Yagova LONDON/NEW YORK/MOSCOW, April 22 (Reuters) – Saudi Arabia is exploring re-routing millions of

By Mike Spector and David French April 21 (Reuters) – Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can