May 31, 2020
A Nightmare Scenario For Offshore Oil
Between low demand, soaring inventories, depressed prices, a global pandemic, and now, hurricane season, it seems a perfect storm is
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May 31, 2020
Iranian fuel reaches Venezuelan stations as prices set to rise
Fuel shipped from Iran began arriving at Venezuela’s gasoline stations on Saturday, just hours before President Nicolas Maduro announced higher
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May 30, 2020
OPEC Compliance With Output Cuts Was Only 74% In May
Not even a full month into OPEC’s deep production cut agreement, rumors have already surfaced that there is a difference
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May 30, 2020
U.S. pipeline operator Energy Transfer warns of coming job cuts
U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of
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May 30, 2020
Sale of shut Philly refinery to real estate developer delayed
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate
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May 28, 2020
Oil Extends Losses After Surprise Jump in U.S. Crude Stockpiles
Oil extended losses after an industry report showed a surprise jump in U.S. crude stockpiles last week. West Texas Intermediate crude futures
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May 28, 2020
Oil Mixed as U.S.-China Tensions Heat Up
Oil was mixed on Thursday morning in Asia, with the black liquid clawing back some losses from its second venture
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May 28, 2020
Oil drops as surprise U.S. stock build douses demand recovery hopes
Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up
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May 27, 2020
Third Iranian fuel cargo reaches Venezuelan waters, others unloading – data
The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela on Tuesday reached the nation’s exclusive economic
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May 27, 2020
Oil slips on demand worries, Hong Kong tensions
Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin
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