48 h. ago Oil Demand Monitor Warns Output Boom May Strain China’s Stockpiling

The global oil market faces an “untenable” surplus of about 3 million barrels a day, testing how much can be absorbed by China’s recent stockpiling drive, a major forecasting agency has warned.

Economics

4 d. ago Exxon Mobil Buys Kentucky Battery Factory to Expand Energy Storage

Exxon Mobil Corp. is buying a battery materials factory in southern Kentucky as the oil major pushes further into the growing market for energy storage.

Other

8 d. ago Oil Traders Zero In on China’s Crude Buying as Glut Gets Closer

As the oil market moves closer to a long-anticipated glut, traders are closely watching buying from China to see if it will absorb an excess that the world’s crude producing nations are set to pump.

Economics

1 week ago OPEC+ Confronts the Next Stage in Battle for Oil Market Share

After stunning the oil world with a slew of production increases, OPEC+ is preparing to decide its next move at a key meeting on Sunday.

Events

1 week ago Chinese Crude Futures Flash Weak Fundamentals for Top Importer

Investors seeking insight into China’s oil market fundamentals need look no further than futures listed in Shanghai.

Economics

2 w. ago No rush on new crude oil pipelines, Trans Mountain chief executive says

CALGARY — The chief executive at Trans Mountain Corp. says there should be ample pipeline space to get Canadian crude oil to market until at least 2030 without the need for a whole new project being built from scratch. Mark Maki says at the rate production has been growing, existing pipelines out of Alberta are […]

Other

3 w. ago Oil Market Braced For Glut as Asian Refiners Look Further Afield For Crude

Asian oil refiners have been hunting for crude from further afield than their usual suppliers in the Middle East, but this more diversified strategy isn’t stirring a market that’s bracing for a glut.

Other