At least one refiner considering delaying June loading term cargoes Domestic sales dropping 20% from COVID-19 Refiners at dilemma despite low oil price Japan could see roughly 13 million barrels Continue Reading
South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg on Continue Reading
Saudi Arabia remained China’s top crude oil supplier in March, despite arrivals slipping 1.6% year on year to 1.7 million b/d or 7.21 million mt, the latest data from General Continue Reading
Plant shutdowns are leaving the U.S. dangerously close to meat shortages as coronavirus outbreaks spread to suppliers across the nation and the Americas. Almost a third of U.S. pork capacity Continue Reading
Oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel overseas, five shipping sources said, in a sign of the energy Continue Reading
BP said on Monday it had amended financial terms of the $5.6 billion sale of its Alaska business to privately held Hilcorp Energy Co following the recent slump in oil Continue Reading
After a decade-long bear market, uranium has suddenly turned into a raging bull in an otherwise dismal market for commodities. Uranium prices have surged 35 percent over the past 30 Continue Reading
In light of recent guidance revisions and the wider collapse in drilling and completion activity in Western Canada, Rystad Energy now expects total 2020 Canadian upstream spending to fall below Continue Reading
Whiting Petroleum, a major oil and gas producer in the Bakken Shale and Denver-Julesburg Basin, announced Monday it had filed a Chapter 11 plan, as the decimated global demand for Continue Reading
BP’s ( BP.L ) first-quarter profit tumbled by two thirds and its debt climbed to its highest in at least five years as the coronavirus crisis hammered oil demand, but Continue Reading
