RSS

Commodities

Saudi Aramco said there were no injuries and no interruptions to oil operations. Read more

Commodities

The price of Brent is still up 10 percent this year thanks to supply cuts led by the Organization of the Petroleum Exporting Countries and allies such as Russia, a group known as OPEC+. Read more

Commodities

Russian giant Gazprom saw the highest production growth over the last five years, followed by shale gas players in the US and China, while BP dominates among the majors Read more

Commodities

Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our temporary bullish view for the first part of 2020 linked to the new IMO shipping fuel regulations. Read more

Commodities

The IEA said global oil demand to May from January grew at its slowest since 2008, hurt by mounting signs of an economic slowdown and a ramping up of the U.S.-China trade war. Read more

Commodities

The vessel was intercepted near Iran’s Farsi Island in the Gulf. Read more

Commodities

Oil prices rose more than 2% on Friday, regaining some ground after their biggest falls in years. Read more

Commodities

The sustained downturn in margins will finally begin taking its toll as some producers run out of money and begin a host of austerity measures to weather the storm. Read more

Commodities

Oil prices edged higher on Friday on worries about Middle East tensions, offset by a flagging global economic growth outlook amid the U.S.-China trade war. Read more

Commodities

Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 million barrels per day (b/d), more than 1 million b/d lower than its all-time high in November 2018. Read more

Commodities

OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions. Read more

Commodities

The Philadelphia Energy Solutions (PES) refinery was a consistent buyer of light sweet crude oil, and the backlog of cargoes bound for PES are either in limbo or in the process of being diverted to neighboring refineries and abroad. Read more

Refining & Petrochemical Processing

The right of free energy transit is critical to the global economy and must be maintained Read more

Commodities

In its July 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per million British thermal units. Read more

Commodities

Iran has seized a foreign tanker smuggling fuel in the Gulf. Read more

Health, Safety & Environmental

Brazil’s state-controlled oil company Petroleo Brasileiro SA announced on Monday the start of a sale process for refining and logistics assets, according to a securities filing. Read more

Commodities

Refineries in Taiwan and South Korea are testing the market for fuels that meet new rules for low-sulphur ship fuel starting next year, exporting some cargoes of very low-sulphur fuel oil (VLSFO) this month. Read more

Commodities

Nearly 70% or 1.3 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico has been cut because of Tropical Storm Barry. Read more

Commodities

In its July 2019 edition of the Short-Term Energy Outlook (STEO), EIA forecasts that global liquid fuels consumption, which averaged 99.9 million barrels/day (b/d) in 2018, will grow by 1.1 million b/d in 2019 and by 1.4 million b/d in 2020. Read more

Commodities

Oil prices eased off early gains on Thursday as OPEC forecast slower demand for its crude next year, but crude futures hovered at near the highest in more than a month as oil rigs in the Gulf of Mexico were evacuated ahead of a storm. Read more

Commodities

Subscribe to our mailing list

* indicates required
BIC Magazine Enewsletters
Recruiting