News & Events

Crude oil exports from Iran to Asian countries—its biggest clients—sank to an average daily of 762,000 bpd, official customs data and shipping data reported by Reuters revealed. This is the lowest monthly…

(Bloomberg) — There’s a rising star in the oil world, and it’s heavy and sweet. Dense, low-sulfur oil, known in industry parlance as heavy sweet crude, is fetching increasingly stronger…

Crude oil traders are now able to use a blockchain-based platform to finalize their deals. VAKT, a London-based independent company backed by energy majors, commodity traders and banks, announced its…

Higher prices and continued shale resource development helped push U.S. crude oil and natural gas proved reserves to new record highs in 2017, the Energy Information Administration (EIA) said in…

LONDON (Bloomberg) — For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule. The cartel is set to meet on Dec. 6…

CARACAS (Bloomberg) — Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s refineries are running at…

NEW YORK CITY (Bloomberg) — The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a…

The perfect storm has hit the oil market. That’s according to Spencer Welch, a director on the Oil Markets and Downstream team at IHS Markit, who made the statement in…

Saudi Arabia’s crude oil exports hit their highest in 20 months in September, while the Kingdom’s production in early November appears to have hit the highest on record, on the…

(Bloomberg) — Gas is in such hot demand in China right now it’s allowing a quirky market to flourish: transporting the fuel on trucks. Call them pipelines on wheels. The…