|Day's Range||65.77 - 66.18|
RIYADH (Reuters) - Saudi Arabia's Energy Minister Khalid al-Falih said on Wednesday that the kingdom's crude production would remain within levels outlined in OPEC-led output cuts but the top oil exporter ...
(For OSP list, click) SINGAPORE, April 24 (Reuters) - * State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for May at $5.40 per barrel, down 10 cents from the previous month, ...
* Market falls to one-week low of 2,140 rgt/T * Bearish production outlook also weighing on market - trader By Emily Chow KUALA LUMPUR, April 24 (Reuters) - Malaysian palm oil futures fell more than 1 ...
Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude. Output in Saudi Arabia, the world's top oil exporter and de facto leader of the Organisation of the Petroleum Exporting Countries, will rise in May, but that it is not related to Iran sanctions, the sources said. The sources said Saudi production in May will also stay within its production target under a OPEC+ supply-cutting deal, which has led global supply cuts since the start of the year aimed at propping up crude prices.
KUALA LUMPUR, April 24 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures fell to their lowest ...
Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts
As the power disruption shut oil fields, pipelines and ports, bringing oil infrastructure to a halt, state-owned Petroleos de Venezuela SA bought a cargo of crude from fellow OPEC member Nigeria, marking the first oil import since 2014. Almost 1 million barrels of light, sweet Agbami crude is discharging Tuesday, after loading in early April, and may help to offset falling domestic production. PDVSA can also use the lighter oil as a diluent to thin Venezuela’s sludgy crude so it can be more easily extracted from underground reservoirs.
A supertanker laden with U.S. oil is floating off China’s eastern coast, awaiting discharge at one of the Asian nation’s busiest ports. The vessel will soon be joined by more ships that will make the two-month voyage from America as long-simmering trade tensions between Washington and Beijing begin to ease. While refiners in China shunned U.S. oil imports as the nations imposed tit-for-tat tariffs in an escalating trade war, buying interest has resurfaced on optimism that the world’s top-two economies are nearing a resolution to their dispute.
The construction of new LNG terminals in Germany should be seen as a strategic decision rather than a financially sound decision to increase the capacity of natural gas imports
In 2011 N. Mitchell was appointed CEO of TransAtlantic Petroleum Ltd. (NYSEMKT:TAT). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Next, we...
Can Spirit Airlines Keep the Earnings Surprise Streak Alive?(Continued from Prior Part)Moderated oil prices WTI oil prices have fallen more than 14% from their peak of $76.40 per barrel on October 3 to $65.70 on April 22. Since fuel is a
Will Marathon Petroleum’s Q1 Earnings Rise?(Continued from Prior Part)Marathon Petroleum’s stock performance Since March 22, Marathon Petroleum (MPC) stock has fallen. In this part, we’ll compare Marathon Petroleum’s stock returns to the SPDR
Iran has said it would block the Strait of Hormuz if it was barred from using the strategic waterway through which about a fifth of oil that is consumed globally passes. The threat from an Islamic Revolutionary Guards Corps (IRGC) commander followed a U.S. announcement on Monday that it would end exemptions granted last year to eight buyers of Iranian oil and demanding they stop purchases by May 1 or face sanctions. Oil prices have surged to six-month highs.
President Donald Trump's decision to end all waivers that allowed importers of oil from Iran to avoid economic sanctions will not result in higher oil prices, White House economic adviser Larry Kudlow ...
President Donald Trump's goal of cutting Iran's oil exports to zero may spark another round of gasoline price increases, analysts say.
MUMBAI (Reuters) - India said on Tuesday its refineries will have adequate oil supplies, thanks in part to imports from other producers, despite the United States' demand that buyers of Iranian oil stop ...
Venezuelan state oil company PDVSA has asked at least two of its clients to make payments for Venezuelan oil via Russian state energy giant Rosneft, as it comes under pressure from U.S. sanctions, according to a PDVSA source and documents reviewed by Reuters. The proposed payment mechanism is the latest sign of the growing proximity of Venezuela's cash-strapped government to Russia as the United States tightens a financial noose around Venezuelan President Nicolas Maduro, who it describes as a dictator.
Venezuelan state oil company PDVSA has asked at least two of its clients to make payments for Venezuelan oil via Russian state energy giant Rosneft, as it comes under pressure from U.S. sanctions, according to a PDVSA source and documents reviewed by Reuters. The proposed payment mechanism is the latest sign of the growing proximity of Venezuela's cash-strapped government to Russia as the United States tightens a financial noose around Venezuelan President Nicolas Maduro, who it describes as a dictator. Russia has publicly said the U.S. sanctions are illegal and it would work with Venezuela to weather them.
Oil prices on Tuesday hit their highest level since November after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply. Zanganeh added that the United States will not be able to reduce Iran's oil exports to zero.