|Day's Range||66.62 - 66.68|
After a somewhat quiet summer, oil markets could become a lot more volatile as sanctions on Iran and possible demand destruction take their toll on oil prices
In one of its latest memos, the U.S. department of Energy has said that the U.S. can use its oil resources with more flexibility, embracing an energy dominance agenda
On August 10–17, the United States Oil ETF (USO) fell 2.8%, the United States 12-Month Oil ETF (USL) fell 2.3%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 5.2%. These ETFs track US crude oil futures.
MARKET PULSE The U.S. Energy Department's Office of Fossil Energy on Monday announced a notice of sale of 11 million barrels of sour crude oil from the Strategic Petroleum Reserve. The move is part of previously announced sales that are expected to draw down reserves by a total of 25 million barrels over three consecutive years, beginning this year.
Iran’s permanent envoy to OPEC, Kazem Gharibabadi has reminded the members of the cartel that no other country can overtake its production or export quotas
The plan to overhaul the emission rule is by far going to be President Donald Trump's biggest move to revive the ailing U.S. coal industry.
Royal Dutch Shell's Nigerian subsidiary has recovered more than 95 percent of the oil from two spills that took place this year, although the pipeline that carries crude to the coast for export remains closed, the company said on Monday. The Trans Ramos pipeline, which carries some Forcados crude oil to the export terminal of the same name, closed in late April following two leaks, one in Abhoro in Bayelsa State and one in Odimodi, in Delta State. A spokesman for Shell said there had been no change in the operating status of the pipeline.
Iranian oil minister says France's oil giant Total SA has pulled out of Iran after cancelling gas project.
* Stronger ringgit may limit gains - trader * Palm may rise into 2,269-2,277 rgt/T range - Technicals (Updates with closing prices) By Emily Chow KUALA LUMPUR, Aug 20 (Reuters) - Malaysian palm oil futures ...
Aug 20 (Reuters) - TSH Resources Bhd: * JULY CRUDE PALM OIL PRODUCTION 10,344MT; JULY PALM KERNEL PRODUCTION 2,856MT Source text for Eikon: Further company coverage:
BEIJING/SINGAPORE (Reuters) - Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The shift demonstrates that China, Iran's biggest oil customer, wants to keep buying Iranian crude despite the sanctions, which were put back after the United States withdrew in May from a 2015 agreement to halt Iran's nuclear programme.
BEIJING/SINGAPORE (Reuters) - Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The shift demonstrates that China, Iran's biggest oil customer, wants to keep buying Iranian crude despite the sanctions, which were put back after the United States withdrew in May from a 2015 agreement to halt Iran's nuclear program.
Premier Oil (PMO.L) will press ahead with the development of the Tolmount gas field in Britain's North Sea, which is expected to produce around 500 billion cubic feet (bcf) of gas from late 2020. The approval of Tolmount is the latest in a series of moves by oil and gas companies showing their commitment to the North Sea, traditionally a high-cost environment which is experiencing a revival as costs have fallen. Premier expects to pay $120 million for the development, which includes a minimal facilities platform and a pipeline commissioned from Saipem (SPMI.MI) leading to British energy group Centrica's (CNA.L) Easington terminal.
Riverview Rubber Estates Bhd: * JULY GROUP PRODUCTION OF FFB OF OIL PALMS 5,252.60 MT Source text for Eikon: Further company coverage:
* Stronger ringgit may limit gains - trader * Palm may rise into 2,269-2,277 rgt/T range - Technicals By Emily Chow KUALA LUMPUR, Aug 20 (Reuters) - Malaysian palm oil futures rose for a third straight ...
KUALA LUMPUR, Aug 20 (Reuters) - Exports of Malaysian palm oil products during Aug. 1 to 20 fell 10.6 percent to 609,098 tonnes from 681,178 tonnes shipped during July 1 to 20, inspection company AmSpec ...
Based on China Petroleum & Chemical Corporation’s (HKG:386) earnings update in March 2018, analyst consensus outlook appear vastly optimistic, with earnings expected to grow by a high double-digit of 50.81%Read More...
On Wednesday, the U.S. Energy Information Agency (EIA) added to the pressure when it reported that the country's crude oil inventory rose by 6.8 million barrels. Analysts remain divided over the medium-term direction of oil prices. On the one hand, they argue that prices are due for an uptick because supplies will tighten by about 1 million barrels per day when U.S. sanctions against Iranian oil exports come into effect in November 2018.
A decade ago, analysts suggested that U.S. oil companies target Venezuela’s Citgo refineries as compensation for Venezuela’s expropriation of their assets, and now, that may finally become a reality
After months of delays, disasters and bad PR, Exxon’s Papua New Guinea project seems to be on its way up, and with the trade war escalating, it could end up being more profitable than expected
Positioned on the Mediterranean Sea and between European markets and Middle East suppliers, Egypt has a developed energy infrastructure for refining, storage and export and exporting oil and gas
Turkey may have just shot itself in the foot in its latest tariff hike on imports from the United States, threatening the country’s coal supply, and by extension, its energy sector