Oil rose as Saudi Aramco slashed its sales to key buyers and the IEA said that the market is showing signs of improving.
News ID: 9506 Publish Date : 2020/05/15
Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to fully offset the collapse in demand from the coronavirus pandemic.
News ID: 9259 Publish Date : 2020/04/27
US benchmark Nymex WTI crude futures fell by 21pc to just above $10/bl in Asian trading, extending losses from the previous session after the US Oil Fund (USO) decided to exit the June WTI Nymex contract.
News ID: 9251 Publish Date : 2020/04/28
Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing official sources.
News ID: 9246 Publish Date : 2020/04/26
The Opec+ agreement to cut crude output is insufficient to balance the market amid continuing declines in demand from the Covid-19 pandemic, Asia-Pacific crude buyers said today.
News ID: 9117 Publish Date : 2020/04/13
Benchmark US crude futures have fallen by more than 7pc to below $20/bl, as the expiry of the Opec+ production restrain deal and plunging demand from the coronavirus sent prices sharply lower.
News ID: 8970 Publish Date : 2020/03/30
Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.
News ID: 8507 Publish Date : 2020/02/26
Possibly narrower differentials for sour crudes — under pressure from looming emissions regulations — could slow Ecuador's repayment of its oil-backed debt and limit availability for spot market exports in the first half of 2020.
News ID: 8172 Publish Date : 2019/12/31
Phillips 66 has started initial service on its 900,000 b/d Gray Oak pipeline from the Permian basin to Corpus Christi, Texas.
News ID: 7502 Publish Date : 2019/11/22
State-controlled Taiwanese refiner CPC has issued a new term tender to buy US West Texas Intermediate ( WTI ) crude, and has again requested a pricing formula using Argus' WTI Houston benchmark.
News ID: 7069 Publish Date : 2019/11/01
The long-awaited change to Mexican state-owned Pemex's Maya crude pricing formula finally came this week, as shifting environmental regulations and declining liquidity in select markets threatened to make the decades-old calculation obsolete.
News ID: 6715 Publish Date : 2019/10/18
Oil prices were up on Monday, buoyed by hopes of progress in US-China trade talks and supported by challenges to supply facing major exporters.
News ID: 6565 Publish Date : 2019/10/07
Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in US crude inventories, but lingering worries about a possible global recession capped gains.
News ID: 6086 Publish Date : 2019/08/22
Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Persian Gulf.
News ID: 5415 Publish Date : 2019/07/23
Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting US crude inventories fell less than expected.
News ID: 5278 Publish Date : 2019/07/18
Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.
News ID: 4839 Publish Date : 2019/06/18
Oil prices rose again Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
News ID: 4566 Publish Date : 2019/05/18
Luxembourg-based steel pipe producer Tenaris has agreed to buy US-based Ipsco Tubulars from from Russian steelmaker TMK for $1.2bn.
News ID: 4138 Publish Date : 2019/03/24
South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December while shipments to China have started to return from zero, according to Energy Information Administration data released Friday.
News ID: 3941 Publish Date : 2019/03/10
Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth.
News ID: 3830 Publish Date : 2019/03/04