Oil

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

By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged

NEW YORK, April 20 (Reuters) – Energy traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract deep into

By Catherine Ngai, Olivia Raimonde and Alex Longley (Bloomberg) — Oil plunged to the lowest level since 1986 as a deadly pandemic ravaging global

By Stephanie Kelly and Laura Sanicola April 15 (Reuters) – U.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase

By Florence Tan and Shadia Nasralla SINGAPORE/LONDON, April 13 (Reuters) – The minimal impact on oil prices from a global deal for record output cuts

By Javier Blas, Salma El Wardany and Grant Smith (Bloomberg) — The world’s top oil producers pulled off a historic deal to cut global petroleum output

By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) – OPEC, Russia and other allies outlined plans on Thursday to cut

By Roslan Khasawneh SINGAPORE, April 8 (Reuters) – Supertanker freight rates have fallen after last week’s highs as industry participants await the

By Catherine Traywick, Mario Parker and Justin Sink (Bloomberg) — On Thursday, U.S. President Donald Trump sent oil prices rallying on the prospect of

By Javier Blas and Alex Longley (Bloomberg) –To outsiders, the oil trade of the day is so astonishing that even President Donald Trump sounded

By Scott DiSavino NEW YORK, April 2 (Reuters) – Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said