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  • Iran says Trump cannot bring oil prices down by 'bullying'
    Reuters14 minutes ago

    Iran says Trump cannot bring oil prices down by 'bullying'

    U.S. President Donald Trump cannot bring oil prices down by "bullying" other nations, Iran's oil minister said on Tuesday, adding that the market was suffering from short supply. U.S. sanctions on Iranian oil exports are due to kick in on Nov. 4. The U.S. administration has been pushing its allies to cut Iranian oil imports and encouraging Saudi Arabia, other OPEC states and Russia to pump more oil to meet any shortfall.

  • Iran says Trump cannot bring oil prices down by 'bullying'
    Reuters14 minutes ago

    Iran says Trump cannot bring oil prices down by 'bullying'

    U.S. President Donald Trump cannot bring oil prices down by "bullying" other nations, Iran's oil minister said on Tuesday, adding that the market was suffering from short supply. U.S. sanctions on Iranian oil exports are due to kick in on Nov. 4. The U.S. administration has been pushing its allies to cut Iranian oil imports and encouraging Saudi Arabia, other OPEC states and Russia to pump more oil to meet any shortfall.

  • Reuters2 hours ago

    Qatar Petroleum signs five-year LPG supply deal with China

    DUBAI (Reuters) - State energy giant Qatar Petroleum said on Tuesday it had signed a five-year agreement to supply China with 600,000 tonnes of Liquefied Petroleum Gas (LPG) per year. The long-term agreement ...

  • Reuters2 hours ago

    OPEC's Barkindo says global spare oil capacity shrinking

    NEW DELHI (Reuters) - OPEC Secretary-General Mohammad Barkindo said global spare oil capacity was shrinking, adding that producers and companies should increase their production capacities and invest more ...

  • Reuters3 hours ago

    VEGOILS-Palm hits near 5-week top on overnight gains in CBOT soyoil

    * Palm oil hits highest since Sept 12 at 2,257 ringgit * Mkt's gains could be capped as exports remain weak - trader By Emily Chow KUALA LUMPUR, Oct 16 (Reuters) - Malaysian palm oil futures rose to a ...

  • Reuters4 hours ago

    Total CEO sees lower demand, higher supply of crude in 2019

    NEW DELHI (Reuters) - Demand for crude oil will be lower in 2019 and supply higher, the chief executive of French oil and gas group Total said on Tuesday. Higher oil prices and a strengthening dollar will ...

  • Reuters5 hours ago

    Oil steadies as Saudi tensions balance demand outlook

    Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from Riyadh, but weighed by concern over long-term demand outlook. Brent crude futures for December delivery rose 35 cents to settle at $80.78 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 44 cents to settle at $71.78 a barrel.

  • Oilprice.com10 hours ago

    Are U.S. Oil Exports Really Unstoppable?

    U.S. crude oil exports hit a record of 2.2 million bpd earlier this year, and exports could potentially double from here, but what are the risks?

  • These 3 Oil Stocks Are Down 25% in 2018. Should You Buy Now?
    Motley Fool12 hours ago

    These 3 Oil Stocks Are Down 25% in 2018. Should You Buy Now?

    Oil prices are on the rise and lifting the prospects of the entire industry, but shares of U.S. Silica Holdings, NextDecade, and Patterson-UTI Energy are down 25% in 2018.

  • Barrons.com12 hours ago

    Crude Oil Prices Are Creeping Higher. Can They Crack $100?

    Brent crude is edging higher on geopolitical tensions, fueling speculation for triple-digit oil prices.

  • Oil ETFs Outperformed Oil’s Fall Last Week
    Market Realist13 hours ago

    Oil ETFs Outperformed Oil’s Fall Last Week

    On October 5–12, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) both fell 3.6%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 7.7%. These ETFs track US crude oil futures.

  • Investopedia14 hours ago

    What determines oil prices?

    With each passing year, oil seems to play an even greater role in the global economy. In the early days, finding oil during a drill was considered somewhat of a nuisance as the intended treasures were normally water or salt. It wasn't until 1857 that the first commercial oil well was drilled in Romania.

  • Investopedia15 hours ago

    OPEC vs the U.S.: Who Controls Oil Prices?

    Up until the middle of the 20th century, the United States was the largest producer of oil and controlled oil prices. Oil was first commercially extracted and put to use in the United States; consequently, pricing power for the fuel lay with the United States, which was, at that time, the largest producer of oil in the world. In general, oil prices were volatile and high during the early years because economies of scale during extraction and refining (which mark the current extraction and drilling processes) were not present.

  • Reuters18 hours ago

    Market can cope with push for zero Iranian oil sales, says U.S. envoy

    The United States still aims to cut Iran's oil sales to zero and does not expect restored oil sanctions against Tehran to have a negative impact on a market that is well-supplied and balanced, a senior U.S. official said on Monday. U.S. special envoy for Iran Brian Hook was talking to reporters after a visit to India, a major importer of Iranian oil, and talks with officials from France, Britain and Germany before the start of a new round of U.S. sanctions on Nov. 4 targeting Iran's energy sector and financial transactions.

  • Reuters20 hours ago

    Saudi to meet India's oil demand, absorb supply shocks - Falih

    Saudi Arabia is committed to meeting India's rising oil demand and is the "shock absorber" for supply disruptions in the oil market, Energy Minister Khalid al-Falih said on Monday. India, the world's third biggest oil importer, is grappling with a combination of rising oil prices and falling local currency. Retail prices for gasoline and diesel fuel in India are at record highs and the government has cut its excise tax on fuel to ease some of the pain for consumers.

  • Iranian crude exports fall further as Trump's sanctions loom
    Reuters20 hours ago

    Iranian crude exports fall further as Trump's sanctions loom

    Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the latest sign that shipments are taking a major hit from looming U.S. sanctions. The Islamic Republic has exported 1.33 million barrels per day so far in October to India, China, Turkey and the Middle East, according to Refinitiv Eikon data.

  • Reuters20 hours ago

    Iranian crude exports fall further as Trump's sanctions loom

    Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the latest sign that shipments are taking a major hit from looming U.S. sanctions. The Islamic Republic has exported 1.33 million barrels per day so far in October to India, China, Turkey and the Middle East, according to Refinitiv Eikon data.

  • Reuters20 hours ago

    Iranian crude exports fall further as Trump's sanctions loom

    Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the latest sign that shipments are taking a major hit from looming U.S. sanctions. The figures also mark a further fall from 1.6 million bpd in September.

  • Reuters21 hours ago

    BRIEF-Geo-Jade Petroleum's Trading In Shares To Resume On Oct 16

    Oct 15 (Reuters) - Geo-Jade Petroleum Corp: * SAYS TRADING IN SHARES TO RESUME ON OCT 16 Source text in Chinese: https://bit.ly/2PuMcvY Further company coverage: (Reporting by Hong Kong newsroom)

  • Reuters21 hours ago

    India BPCL offers light diesel oil; unit restart seen delayed to Dec

    India's Bharat Petroleum Corp Ltd has offered light diesel oil (LDO) in a rare move following an extended shutdown of a secondary unit at its Mumbai refinery that could last until December, a source who tracks refined oil products said. BPCL is looking to sell up to 33,000 tonnes of LDO for Oct. 27-30 loading from Mumbai through a tender closing on Oct. 18. In August, the state-owned refiner shut a 6,000-tonnes-per day hydrocracker at its 120,000-barrel-per day (bpd) Mumbai refinery following a fire that left 40 people injured.

  • Reutersyesterday

    BRIEF-Anyuan Coal's Unit Resumes Production On Oct 12 After Accident In Sept

    Oct 15 (Reuters) - Anyuan Coal Industry Group Co Ltd : * SAYS PRODUCTION HAS RESUMED IN ITS UNIT ON OCT 12 AFTER TWO WORKERS WERE KILLED IN ACCIDENT IN SEPT Source text in Chinese: https://bit.ly/2pVh1yQ ...

  • Reutersyesterday

    VEGOILS-Palm hits one-week top on gains in related edible oils

    * Market touches 2,220 rgt/T, highest since Oct 5 * Oil, bearish production outlook supportive of prices - Trader * Palm oil may bounce into 2,214-2,228 rgt/T range - Technicals By Emily Chow KUALA LUMPUR, ...

  • OPEC Thinks the Oil Market Is Worried About the Wrong Thing
    Motley Fool2 days ago

    OPEC Thinks the Oil Market Is Worried About the Wrong Thing

    OPEC's latest oil market report sees things differently.

  • Oilprice.com2 days ago

    Why Crypto Miners Are Paying Attention To The Permian

    The Permian is literally burning $1 million every day, and it could lead to an opportunity for miners looking to turn natural gas into bitcoin

  • The Oil Market Is Entering a Danger Zone
    Motley Fool2 days ago

    The Oil Market Is Entering a Danger Zone

    With supplies from key producers in decline, the oil market might not be able to keep up with demand.