Crude futures diverged late in the US trading day Wednesday, as the front-month ICE Brent contract slid from a session high of $104.07/b to a low of $102.85/b in a little over 40 minutes. ICE July Brent settled 20 cents lower at ...
Tags: Crude Markets, Chemicals, Brent
Petroleum futures were slightly bearish Monday, with ICE July Brent settling 2 cents lower at $102.62/barrel. Volumes were low and markets rangebound for the most part because of holidays on both sides of the Atlantic. Electronic trading ...
Oil futures closed out the week in higher territory Friday, boosted by a strong equities performance even as the US Dollar Index climbed to a 34-month high. NYMEX June crude settled 86 cents higher at $96.02/b, after ranging from a low of ...
Tags: Oil Futures, Strong Equities
Sweet North Sea crude values have begun rebounding as European crude oil traders begin to take note of improving sweet refining margins, the first time in over a month that sweet margins have performed better than sour, traders said Monday. ...
Tags: Sweet North Sea, Margins
The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil
Wholesale premiums for ultra low sulfur diesel, Europe's dominant fuel, hit a five-month high Thursday, boosted by reduced production at refineries and low import volumes from the US and India, said traders Friday. The Northwest European ...
Tags: Refinery Run, Force Diesel Price
The Asia Pacific sweet crude market is expected to stay on a downward trajectory as it faces more competition from falling West African crude prices and an oversupply of regional spot cargoes, traders said this week. Perpetually weak ...
Tags: Sweet Crude Market, Sweet Crude
The average run rate at "teapot" refineries in China's Shandong province dropped to 36.5% in April from 42% in March, due to slow sales of oil products, according to data from Beijing-based energy information provider JYD Commodities Hub. ...
Tags: Apr, oil products
Israeli gas consumption is expected to rise to 7.25 billion cubic meters this year nearly triple the level of last year, the Energy and Water Ministry said on Friday. The sharp rise in use of natural gas follows the beginning of ...
Tags: Israeli Gas, natural gas
Oil futures closed US trading above Friday's settles Monday, after driving higher shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle on geopolitical concerns arising out of the escalating conflict in Syria. NYMEX June crude ...
Tags: Oil Futures, Chemicals
State oil companies China Petroleum & Chemical Corp., or Sinopec, and China National Petroleum Corp. over the weekend said they would boost supplies of oil products to central Sichuan province, following a major earthquake Saturday morning ...
Tags: oil companies, oil
China's National Development and Reform Commission will not adjust the regulated prices of gasoline and diesel in what would have been the first such exercise following the new pricing mechanism introduced late last month, the NDRC said ...
Weakening crude refining margins and middle distillates cracks have led to low buying interest among Northeast Asian refiners for prompt May loading ESPO blend crude, trading sources said Thursday. Three to four of the 19 ESPO blend crude ...
Tags: Distillate Cracks, Chemicals
The ICE Brent front-to-second month spread fell into contango during afternoon US trade Friday, the first contango between the two contracts since July 2, 2012. ICE May Brent was down $2.50 at $103.84/b after hitting a fresh eight-month ...
NYMEX May crude settled 16 cents lower at $97.07/b on Monday, as the complex came under pressure from a combination of weaker-than-expected US manufacturing data and the closure of ExxonMobil's 96,000 b/d Pegasus crude pipeline on Friday. ...
Tags: NYMEX Crude, Pipeline