Oil rises 2% after reports of Iranian tanker attack
Oil prices rose more than 2% on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near Saudi Arabia, while optimism surrounding the U.S.-China Continue Reading
Oil Jumps on Trade Hopes and Tanker Attack
Oil prices rose slightly on Friday morning following attacks on an Iranian oil tanker. ( Friday, October 11th, 2019 Oil prices rose in early trading on Friday on hopes that Continue Reading
Is This The World’s Newest Oil Benchmark?
Abu Dhabi, the oil producing member of the United Arab Emirates, has plans to take on global benchmarks Brent and West Texas Intermediate with its very own contract, Murban, Bloomberg Continue Reading
Crude oil futures up about 2% after tanker explosion near Jeddah
Crude oil futures extended gains in mid-afternoon trade in Asia Friday following the news of a Suezmax tanker catching fire and spilling oil after being hit by a “foreign object” Continue Reading
Largest Oil Traders: Oil Prices Aren’t Going Anywhere
Oil prices are not going anywhere, at least until this time next year. Brent Crude will still trade range-bound in the $50s a year from now, the heads of the Continue Reading
Oil prices rise as OPEC pledges decision on supply
Oil prices rose on Thursday, buoyed by comments by the head of OPEC that the organization could take action to balance oil markets and will decide in December on supply Continue Reading
Oil Shipping Costs Soar to Highest Levels in 11 Years
“The market has gone bonkers by shock events like the Cosco tankers being blacklisted,” said George Lazaridis, head of research and valuations at Athens, Greece-based Allied Shipbroking. “It’s a bubble Continue Reading
Oil eases on concerns over U.S.-China talks, weak demand signals
Oil prices slid on Tuesday as Washington’s blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, although unrest in Iraq and Ecuador lent some Continue Reading
Oil Slides On Trade War Anxiety
Oil prices dropped on Tuesday morning, as market participants become more anxious about the next round of U.S.-China trade talks later this week, after the U.S. blacklisted multiple Chinese firms Continue Reading
Trade Talks Loom Over Oil
U.S.-China trade talks resume on October 10, a high stakes negotiation that leaves the global economy in the balance. Bloomberg reported that China is likely going to attempt to narrow Continue Reading