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Organization of the Petroleum Exporting Countries (OPEC)

U.S. crude oil imports from OPEC members have generally fallen over the previous decade as domestic crude oil production has increased. Read more

Commodities

US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Read more

Refining & Petrochemical Processing

Oil prices fell on Thursday on fears of a global economic slowdown due to a U.S.-China trade war but losses were capped by a tightening crude market and rising political tensions in the Middle East. Read more

Commodities

Oil prices fell in volatile trade on Wednesday, weighed down by equity markets as China signaled readiness to escalate the trade war with the United States, stoking concerns that an ongoing stand-off could hurt demand. Read more

Commodities

Oil rose towards $69 a barrel on Friday after two sessions of losses but remained on track for its biggest weekly drop of the year. Read more

Commodities

Oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran. Read more

Commodities

Oil prices hovered around six-month highs on Wednesday after data showing rising U.S. stocks countered fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. Read more

Commodities

U.S. crude oil hit a 2019 high on Monday and Brent gained a dollar after tight supply and positive signs for the global economy drove both benchmarks’ largest first-quarter gains in nearly a decade. Read more

Commodities

The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day to the country’s already booming output, the International Energy Agency said on Monday. Read more

Commodities

OPEC and some non- OPEC oil ministers recently met in Vienna to address growing surpluses in the market. Read more

Commodities

Oil steadied on Tuesday after hitting 2019 highs as concerns about global crude oil demand, coupled with uncertainty over the latest round of U.S.-China trade talks, countered investor optimism around tightening supplies. Read more

Commodities

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Read more

Commodities

Oil rose to above $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China’s services sector expanded in December, while signs of lower crude supply also lent support. Read more

Commodities

Oil prices edged lower in choppy trade on Thursday, pressured by concerns about slowing global economic growth that could dent demand for crude but drawing support from signs of output cuts by Saudi Arabia. Read more

Commodities

Oil prices rose on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply. U.S. West Texas Intermediate crude futures was up $1.26, or 3 percent. Read more

Plant Management & Operations

The global oil market could move into deficit sooner than expected, thanks to OPEC’s output agreement with Russia and others and to Canada’s decision to cut supply. Read more

Refining & Petrochemical Processing

Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the country’s energy minister said on Monday. Read more

Plant Management & Operations

Oil prices fell further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week. Read more

Plant Management & Operations

Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Read more

Commodities

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