US crude exports jumped to their highest level on record in May, coming in at 662,000 b/d, monthly data from the US Energy Information Administration showed Friday. Exports are up from 591,000 b/d in April and have been up steadily from ...
Tags: crude exports, US crude
The 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
Crude 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
After more than doubling its strategic oil reserves since last year, China may apply the brakes to its buying spree as storage availability is expected to be limited, while a climate of depressed prices will reduce any urgency to snap up ...
Tags: Oil Reserve, crude, oil price
Crude 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. ...
The 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
With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...
The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...
Tags: Dubai crude, gasoline, sour crude
Nearly 3 million barrels of Abu Dhabi's Murban crude is expected to move into the Mediterranean in June, according to traders, as weaker demand in Asia and expectations of a bullish summer in the Mediterranean Urals market have attracted ...
Tags: Asian Demand, Murban crude
The premium of Indonesian Minas crude to front-month May ICE Brent futures fell to a one-month low of 4 cents/barrel on Tuesday after offers from Chinaoil in the Platts Market on Close assessment process failed to elicit buying interest. ...
NYMEX 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
The front-month Brent-WTI spread settled at a fresh five-month low of $6.48/barrel Friday, as steady drawdowns in crude stocks at the Cushing, Oklahoma, delivery hub have lent upside support to WTI, while Brent remains subdued. NYMEX ...
Tags: crude, Brent futures
Japan's direct-burning crude oil demand for power generation has picked up since late December as a cold spell across the country has increased appetite for loadings into March in the absence of nuclear output, industry and trading sources ...
Tags: crude oil demand, power generation
U.S. crude-oil futures dropped to a four-month low Wednesday after government data showed inventories rose more than expected last week. The Energy Information Administration said crude oil stocks rose by 4.1 million barrels, compared ...
Tags: crude oil, Oil, Metallurgy, Mineral, Energy
U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand