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Oil


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
Maritime 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: 8

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: 9

Monday, January 15, 2018
tanker loading
Maritime 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: 15

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: 0

Tuesday, December 12, 2017
offshore platform
Maritime 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: 41

oil storage tankers
Maritime 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: 42

Monday, December 11, 2017
nuclear icebreaker convoy
Maritime 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: 3

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: 7

Tuesday, November 14, 2017
tanker loading
Maritime 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: 54

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: 25

Wednesday, November 8, 2017
auger tension leg platform
Maritime 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: 4

Wednesday, October 25, 2017
ships at anchor
Maritime 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: 22

Monday, October 9, 2017
oil tanker
Maritime 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: 39

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: 5

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: 69

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: 3

Thursday, May 25, 2017
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: 4

Monday, May 22, 2017
The Data Dilemma: Big Differences in Saudi Crude Export Numbers
News

The Data Dilemma: Big Differences in Saudi Crude Export Numbers

By Clyde Russell LAUNCESTON, Australia, May 22 (Reuters) – One of the difficulties in constructing a narrative for the crude oil market and the output

May 22, 2017
Total Views: 5

Friday, May 19, 2017
Full Tanks and Tankers: A Stubborn Oil Glut Despite OPEC Cuts
News

Full Tanks and Tankers: A Stubborn Oil Glut Despite OPEC Cuts

By Catherine Ngai NEW YORK/LONDON/SINGAPORE May 19 (Reuters) – After the first OPEC oil production cut in eight years took effect in January, oil traders

May 19, 2017
Total Views: 65

Friday, May 5, 2017
ocean-plastic floating debris
Environment

Turning Plastic to Oil, U.K. Startup Sees Money in Saving Oceans

By Anna Hirtenstein (Bloomberg) — At a garbage dump about 80 miles west of London, Adrian Griffiths is testing an invention he’s confident

May 5, 2017
Total Views: 56
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