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Oil Steadies as Focus Turns to Monetary Easing
Thursday, August 22, 2019 Oil steadied as attention turned from expanding American fuel stockpiles to the prospects for monetary easing.
Iran Oil Tanker Makes Distress Call
Wednesday, August 21, 2019 The Iranian oil carrier Helm experienced technical issues in the Red Sea off the Saudi port of Yanbu and the crew is working to resolve the issues, according to the National Iranian Tanker Co.
Oil Up After Report Indicates Falling US Stockpiles
Wednesday, August 21, 2019 Oil climbed after an industry report indicated that U.S. crude inventories fell for the first time in three weeks.
Oil Steadies as Demand Concerns Allayed
Tuesday, August 20, 2019 Oil steadied near $56 a barrel as hints of trade detente between the U.S. and China and the prospect of monetary stimulus buoyed financial markets.
Iran Warns US Against Seizing Oil Tanker
Monday, August 19, 2019 Iran warned the U.S. against apprehending a supertanker carrying the Middle East country's oil.
Oil Up as Mideast Fears Stoked
Monday, August 19, 2019 Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardize crude exports.
Oil Prices End Volatile Week on Mild Note
Friday, August 16, 2019 WTI and Brent crude oil futures concluded a volatile week of trading with modest gains Friday.
CNPC Shuns Venezuela Oil on Tighter US Sanctions
Friday, August 16, 2019 China's biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation.
OPEC Sees Somewhat Bearish Oil Outlook
Friday, August 16, 2019 Global oil markets face a 'somewhat bearish' outlook for the rest of the year, according to OPEC.
Trump Sanctions Leave Russian Exporters $1B Richer
Friday, August 16, 2019 U.S. President Donald Trump's sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil.
Oil Set for Gain as Trade War Whipsaws Market
Friday, August 16, 2019 Oil headed for its first weekly gain this month.
Iran Oil Tanker Released by Gibraltar
Thursday, August 15, 2019 Iran is racing to return an oil supertanker to international waters after a Gibraltar judge said he couldn't wait for the U.S. to take action.
US Seeks to Block Release of Oil Ship
Thursday, August 15, 2019 The U.S. is seeking to block authorities in Gibraltar from releasing the supertanker Grace 1.
Happy Hour is Dead at PDVSA
Thursday, August 15, 2019 PDVSA is telling employees to stop hailing cabs and limit international calls as it seeks ways to trim costs amid fresh budget cuts, according to a memo sent to its staff two weeks ago seen by Bloomberg.
Oil Holds Losses on Demand Concerns
Thursday, August 15, 2019 Oil held losses as a surprise gain in U.S. crude stockpiles added to deepening concerns over the outlook for global demand.
Portugal Truckers Threaten to Boycott Orders
Wednesday, August 14, 2019 Portuguese truck drivers are threatening to boycott government orders to deliver fuel to gas stations and airports on the third day of a strike over pay conditions.
Oil Down as US Stockpiles Rise
Wednesday, August 14, 2019 Oil declined as an industry report showed American crude stockpiles expanded.
Oil Prices Back on the Upswing
Tuesday, August 13, 2019 A new twist in the ongoing US/China trade saga propelled WTI and Brent prices Tuesday.
Portugal Orders Striking Truckers to Haul Fuel
Tuesday, August 13, 2019 Portugal declared a civil order to ensure that truck drivers, who began a strike on Monday, deliver enough fuel to stop airports and gas stations from running dry.
Iran Says It Expects Tanker to be Released Soon
Tuesday, August 13, 2019 Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reports.
Oil Snaps 3-Day Gain as Demand Outlook Dented
Tuesday, August 13, 2019 Oil snapped a three-day gain as a sell-off in risk assets added to lingering trade tensions to dent the demand outlook.
Oil Drops as Demand Fears Stoked
Monday, August 12, 2019 Oil dropped as U.S. President Donald Trump said planned trade talks with China next month could be called off.
Venezuela Importing Most Fuel Since US Sanctions Started
Friday, August 09, 2019 Venezuela is importing fuel at a rate not seen since the U.S. imposed crippling sanctions on the country and cut off its main supply of foreign gasoline.
Saudis Discussing Options to Halt Oil Slide
Thursday, August 08, 2019 Saudi Arabia has phoned other oil producers to discuss possible policy responses.
Oil Rebounds as Saudis Seek to Stem Slide
Thursday, August 08, 2019 Oil rebounded from the lowest level since January after Saudi Arabia contacted other producers to discuss options to stem a rout.
Chevron Warns of Future Venezuela Events Hurting Earnings
Wednesday, August 07, 2019 The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American nation could hurt its earnings.
Vitol Sees Further Slowdown in Oil Demand Growth
Wednesday, August 07, 2019 Growth in global oil demand is slowing and won't exceed 650,000 barrels a day this year, according to Vitol Group's chief executive officer.
US Oil Likely in China's Crosshairs
Wednesday, August 07, 2019 China is expected to start avoiding U.S. crude oil imports as trade tensions ratchet up.
Brent Extends Loss After Entering Bear Market
Wednesday, August 07, 2019 Brent extended losses after falling into bear market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude stockpiles are still shrinking.
Trump Imposes New Sanctions on Venezuela
Tuesday, August 06, 2019 President Donald Trump imposed further sanctions on Venezuela, freezing the government's assets in the U.S. and adding immigration restrictions in a move aimed at stepping up pressure on the regime of Nicolas Maduro.
Oil Price Forecast Majorly Revised at Fitch
Tuesday, August 06, 2019 Fitch Solutions Macro Research analysts have made a major downward revision to their Brent oil price forecasts.
Oil Reverses Drop Following China Yuan Fix
Tuesday, August 06, 2019 Oil reversed a decline as China's central bank set the yuan fixing stronger than expected.
Iran Seizes Small Oil Tanker
Monday, August 05, 2019 Iran's Revolutionary Guards seized a foreign oil tanker in the Persian Gulf on July 31.
Oil Drops as Demand Fears Dwarf Tanker Seizure
Monday, August 05, 2019 Oil resumed its decline as a sharp drop in the Chinese yuan compounded fears that a deepening trade war will depress demand.
Trump Escalates US-China Trade War
Friday, August 02, 2019 U.S. President Donald Trump has escalated the U.S.-China trade war.
Oil Set for Weekly Loss as Trade War Worsens
Friday, August 02, 2019 Oil is set for a weekly loss after the steepest one-day drop in more than four years.
New US Oil Makes Inroads into Asia
Thursday, August 01, 2019 A new grade of American light crude is making its way to oil-starved buyers in Asia.
Oil Tankers Vanish in Hormuz as Tensions Escalate
Wednesday, July 31, 2019 Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world's most important - and lately most dangerous - energy chokepoint: vanish from global tracking systems.
Libya Oil Output Drops to Post-March Low
Wednesday, July 31, 2019 Libya's oil production dropped to about 950,000 barrels a day, its lowest in five months, after an unidentified group closed a valve on a pipeline.
Oil Gains on Demand Boost Speculation
Tuesday, July 30, 2019 Oil extended gains on speculation that demand will get a boost from a potential rate cut by the Federal Reserve.
Crew of Seized Oil Tanker in Good Health
Monday, July 29, 2019 The crew members of the seized Stena Impero vessel are in good health, according to a statement posted on Stena Bulk's website on Sunday.
Oil Near $56 as Hormuz Tensions Simmer
Monday, July 29, 2019 Oil traded near $56 a barrel as the U.K. deployed a warship to the Strait of Hormuz to help escort commercial ships.
Chevron Gets Approval to Keep Producing Oil in Venezuela
Friday, July 26, 2019 Chevron and four oil services companies won U.S. government approval to continue producing oil in Venezuela despite sanctions placed on the crisis-stricken country.
China Takes Iran Oil Despite Tougher US Sanctions
Friday, July 26, 2019 China's still importing oil from Iran weeks after the U.S. imposed sanctions aimed at halting sales of crude from the Persian Gulf nation.
Petrobras Ordered to Fuel Stranded Iranian Ships
Thursday, July 25, 2019 A Brazilian top court justice ordered Petrobras to refuel two Iranian ships stranded off the country's coast after the state-controlled oil company refused to do so for fear of U.S. sanctions.
OPEC+ Mission Enters Most Critical Phase
Thursday, July 25, 2019 The latest mission by OPEC and its partners to contain an oil glut is entering its most critical phase.
Oil Holds Loss on Growth Gloom
Thursday, July 25, 2019 Oil held its biggest loss in a week as signs that growth is slowing in major economies overshadowed the longest run of declines in U.S. crude stockpiles since the start of 2018.
Aramco to Finish Oil Pipeline Expansion
Wednesday, July 24, 2019 Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September.
Oil Rises After Report Shows US Stockpile Drop
Wednesday, July 24, 2019 Oil rose for a fourth day after a report showed a hefty drop in U.S. crude inventories.
US-Iran Tensions Raise Fears of War
Wednesday, July 24, 2019 Drones have been downed and tankers attacked in the Persian Gulf as U.S.-Iran tensions raise fears of war around a critical oil chokepoint.