Oil 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
The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
LNG volumes coming on stream from countries including the US and Australia in the next few years could lead to a progressive convergence of global gas prices and more LNG imports into Europe as well as the Far East, US Energy Secretary ...
Tags: LNG Exports, LNG market
Chicago Board of Trade May soybean oil futures were down 46 points to 41.42 cents/lb Thursday as weekly data from the US Department of Agriculture showed a significant decline in net export sales. For the reporting week ended April 24, ...
Tags: Soybean Oil, Soybean Oil Futures, net export
Chicago Board of Trade May soybean oil futures Thursday were down 11 points to 42.39 cents/lb despite weekly data from the US Department of Agriculture showing a slight rise in net export sales. For the reporting week ended April 17, ...
Tags: Soybean, Oil Futures
The Mediterranean high sulfur fuel oil market has moved to its widest discount to Northwest Europe in four months amid ample supply, traders said. Mediterranean FOB HSFO cargoes were assessed by Platts on Thursday at a $12/mt discount to ...
Tags: Fuel Oil, High Sulfur Oil
US crude stocks rose 1 million barrels last week, just over half of what analysts were expecting, as a drop in refinery run rates was partly offset by a decrease in US imports, according to data released Thursday by the US Energy ...
Tags: Crude Stocks, Chemicals
With the increasing opening-up of its oil market, China established a nationwide industrial association on Thursday for the distribution of refined oil products, especially gasoline. The new association, the China Petroleum Circulation ...
Tags: Oil Market, China's Oil Market, Industrial Association
Oil prices fell Wednesday as the government report showed bigger-than-expected increases in gasoline supplies of the United States. Energy Information Administration (EIA), the U.S. Energy Department's statistical arm, on Wednesday ...
Tags: Oil Prices, Mineral
The average annual rise in China's petroleum use will drop to 2.5 percent during the years 2013 to 2020 as the government tries to slow down economic growth and reduce carbon emissions, said experts. The figure will keep declining to 1.5 ...
Tags: Petroleum Use, Chemical Industry
OPEC crude production continued its downward trend in November as a new series of output disruptions took hold in Libya and lower volumes from other member countries outpaced an increase of 192,000 b/d in Iraq, monthly estimates from the ...
Tags: Crude Output, Metallurgy
The international energy agency predicts that in 2016 the United States will become the largest oil producer before Russia and Saudi Arabia. The United States will basically realize energy self-sufficient and reduce its dependence on OPEC ...
Tags: Oil Producer, Oil, Metallurgy, Mineral, Energy
South Korea's fourth-largest refiner, Hyundai Oilbank, said Monday it produced 90.76 million barrels, or 333,677 b/d, of refined oil products over the first nine months of this year, down 9.7% from 100.48 million barrels a year earlier. ...
Tags: Oil Products, Mineral
The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...
Tags: Oil Prices, oil market
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) remained broadly unchanged at 29.93 million barrels per day (b/d) in October following production of 29.91 million b/d in September, a just-released ...