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crude futures
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The Launch of China's First Crude Futures Contract
Mar 21, 2016The plan to launch China's first crude oil futures contract is facing more roadblocks as the Shanghai International Energy Exchange, or INE, comes under government review, a senior official close to the matter said Monday. "The target ...
Tags: Crude Futures, Crude Oil
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China's Price Move Signals Discomfort with Plunge
Dec 21, 2015The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have ...
Tags: oil product, crude oil
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Crude Futures Settle at 2008/09 Lows on Rising Dollar, Oversupply
Dec 18, 2015Crude futures settled Thursday at multi-year lows on a stronger US dollar and persistent concerns about oversupply. NYMEX January crude settled down 57 cents at $34.95/b, lowest front-month settle since February 2009. ICE February Brent ...
Tags: Crude, ULSD, crude stocks
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US Stripper Wells May Be in Peril Below $35/B: Sources
Dec 16, 2015Hundreds of thousands of US stripper wells with production totaling 1 million b/d of crude could be at risk if oil prices fall below $35/b, where prices teetered in recent days, for long, observers say. Stripper wells are wells nearing ...
Tags: crude, oil prices, wells
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Crude Futures Fall After Iea Warns Glut Will Persist Into 2016
Dec 15, 2015Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...
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RBOB Crack Surges After EPA Finalizes Renewable Fuels Mandate
Dec 2, 2015The unveiling of final renewable fuel requirements for US refiners ignited a rally in gasoline futures Tuesday, helping support the rest of the oil complex. The front-month gasoline crack, basis ICE Brent, reached $13.61/b Tuesday, its ...
Tags: RBOB, gasoline, Renewable Fuels
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Piraeus Pilots Strike Extended by 48 Hours; Concerns on Bunker Fuel Deliveries
Nov 6, 2015The strike by pilots and tugs in the Greek port of Piraeus was extended by another 48 hours Wednesday, which kept barge loadings from refineries suspended for the third consecutive day. "Until further notice, the strike continues today ...
Tags: high sulfur fuel oil, gasoil, refiner
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China: Little Interest Seen for Russian Tender
Sep 12, 2015China's independent teapot refiners are showing little interest in participating in Russian M100 tenders that are set to be issued in late September or early October, market sources said Thursday. Only two 40,000 mt cargoes of Russian ...
Tags: Teapot Refineries, Refineries
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China to Allocate 34 Million Barrels of Storage Space Along China's Eastern Coast
Jun 7, 2015Shanghai's International Energy Exchange or INE intends to allocate 34 million barrels of storage space along China's eastern coast to serve participants of the country's proposed crude oil futures contract, officials said at the Shanghai ...
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Crude Prices Lost Nearly 10 Percent Over Two Days
Jan 7, 2015Oil closed up on Wednesday for the first time in five days as traders took stock of the market's rout after crude prices lost nearly 10 percent over two days and benchmark Brent fell to below $50 a barrel. A decline in Brent crude futures ...
Tags: Crude Oil, crude futures
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ICE August Brent Settled 48 Cents Higher at $112.94/Barrel
Jun 23, 2014Oil futures held near nine-month highs Monday on concerns that escalating violence in Iraq could spread to the country's oil-producing southern region. ICE August Brent settled 48 cents higher at $112.94/barrel. The front-month contract ...
Tags: Oil Futures, Crude futures
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US Commercial Crude Stocks Rose 1.45 Million Barrels to 383.91 Million Barrels
Jun 13, 2014US commercial crude stocks rose 1.45 million barrels to 383.91 million barrels in the reporting week that ended June 6, American Petroleum Institute data showed Tuesday. Analysts surveyed Monday had been expecting a 1.2 million-barrel ...
Tags: Crude Stocks, crude futures
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US Crude Stocks Jumped 10 Million Barrels Last Week,Puts Stocks at a 7.4% Surplus
Apr 18, 2014US crude stocks jumped 10 million barrels last week -- the largest build in 13 years -- on a surge in imports and lower refinery run rates in the US Gulf Coast, data from the US Energy Information Administration showed Wednesday. The ...
Tags: Crude Stocks, lower refinery
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NYMEX May Crude Settled $1.84 Lower at $99.74/Barrel Tuesday
Apr 3, 2014NYMEX May crude settled $1.84 lower at $99.74/barrel Tuesday on expectations of another build in US crude stockpiles and bearish data from China and Europe. ICE May Brent settled $2.14 lower at $105.62/b. The Brent-WTI spread settled at a ...
Tags: Oil Futures, crude, NYMEX
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NYMEX May Crude Futures Settled 14 Cents Higher at $99.60/Barrel Monday
Mar 26, 2014NYMEX May crude futures settled 14 cents higher at $99.60/barrel Monday with investors focusing on the suspension of vessel boardings in the Houston Ship Channel and its possible impact on oil movements in the US Gulf Coast region. May ...
Tags: Houston Ship Channel, Oil