4 d. ago OPEC+ Knows Its Oil Production Increases Aren’t All They Seem

There’s an especially good reason why oil traders aren’t panicking as OPEC+ starts pouring even more crude into an oversupplied market.

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 Syria Ships First Oil Cargo in Years After Trump Ended Sanctions

Syria exported 600,000 barrels of heavy crude in its first oil shipment in years, as the lifting of western sanctions brings relief to its war-ravaged economy.

Events

1 week ago Oil Traders Expect OPEC+ to Hold Oil Output Flat at Weekend Meeting

Oil traders expect OPEC+ to hold crude production steady when it meets this weekend, as the group pauses after a series of accelerated supply increases.

Economics

2 w. ago UK, France, Germany start process to put sanctions back on Iran

U.N. imposed sanctions on Iran could be coming soon as Britain, France and Germany have launched a 30-day process to reimpose sanctions that were lifted under a 2015 accord.

Events

2 w. ago Oil Drops Even as US Raises Pressure on India Over Russian Crude

Oil fell as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone.

Other

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

2 w. ago Vitol Set to Ship First Syrian Crude Oil Since Sanctions Lifted

Vitol Group is set to load the first cargo of Syrian crude oil since the lifting of western sanctions on Damascus as the country’s energy industry attempts to recover of more than a decade of destruction from armed conflict.

Events

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

3 w. ago Oil Holds Gain After Biggest Drop in US Stockpiles in Two Months

Oil held a gain after US crude stockpiles shrunk the most since mid-June, keeping inventories well below the seasonal average.

Economics

3 w. ago Stocks, Oil Dip Modestly Ahead of Ukraine Talks: Markets Wrap

Asian shares and crude oil drifted downward as caution prevailed before Donald Trump’s talks with Ukraine’s President Volodymyr Zelenskiy.

Economics