Today: November 13, 2024
Today: November 13, 2024

Latest From Robert Harvey

Business|Economy|Finance|US

NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus

Oil prices settled more than 2% lower on Friday as traders

NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus
Business|Economy|News|US|World

Analysis-World's ghost fleet in focus over US Russian price cap crackdown

U.S. penalties on shippers transporting Russian oil in breach of the G7's price cap could push more Russian cargoes onto vessels referred to as

Analysis-World's ghost fleet in focus over US Russian price cap crackdown
Business|Economy|Finance

Oil prices rise as OPEC+ meets to discuss supply cuts

Oil prices rose by more than 1% on Thursday in anticipation of the outcome of an OPEC+ meeting with potential further supply cuts in 2024 on the

Oil prices rise as OPEC+ meets to discuss supply cuts
MidEast|News|US|World

US-owned ship hit by missile off Yemen as more tankers steer clear

Houthi militants struck a U.S.-owned ship carrying steel products with a ballistic missile on Monday south of the port of Aden as the group

US-owned ship hit by missile off Yemen as more tankers steer clear
Business|Economy|News

More oil tankers shun southern Red Sea after US-led strikes in Yemen

At least six more oil tankers were steering clear of the southern Red Sea on Monday, as disruptions on the vital route for energy

More oil tankers shun southern Red Sea after US-led strikes in Yemen
Africa|Asia|Business|Economy|News|World

Red Sea ship diversions boost bunker demand, prices in Africa, Mediterranean

The re-routing of a growing number of ships around Africa to avoid potential attacks in the Red Sea is altering

Red Sea ship diversions boost bunker demand, prices in Africa, Mediterranean
News|World

Two diverted oil tankers enter Red Sea but disruptions continue

Two oil tankers that had diverted away from the Red Sea have turned back and passed through the Bab al-Mandab Strait, ship-

Two diverted oil tankers enter Red Sea but disruptions continue
Business|Economy|Finance|News|US

Platts says adding Midland to Brent has gone well, no need for more

Commodities pricing agency Platts said on Monday its addition of U.S.

Platts says adding Midland to Brent has gone well, no need for more
Business|Economy|Finance|MidEast|News|World

Analysis-Ample oil supplies limit impact of MidEast flare-up on prices

Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East,

Analysis-Ample oil supplies limit impact of MidEast flare-up on prices
Americas|Business|Economy|News

Heavy oil shortage spells higher cost for shippers, road builders

Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin,

Heavy oil shortage spells higher cost for shippers, road builders
Business|Economy|Finance

Global oil markets weaken as sluggish demand leaves overhang

Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move

Global oil markets weaken as sluggish demand leaves overhang
Economy|Finance|News|US

Oil falls as US reports surprise fuel build, weak demand

Oil prices fell for the second consecutive session on Thursday, after the U.S. government reported weak fuel demand in the country and a surprise jump in gasoline

Oil falls as US reports surprise fuel build, weak demand
Economy|News|US|World

Oil settles slightly up as global supply risks offset US demand concerns

Oil prices settled slightly higher on Wednesday despite a surprise jump in U.S. gasoline supplies, as investors worried that a potential expansion of the Gaza war

Business|Economy|Finance|Stock Markets

Oil dips, but posts weekly gain on solid 2024 demand outlook

Oil futures prices settled slightly lower on Friday after a survey showed deteriorating U.S. consumer sentiment, but prices rose 4% for the week as investors weighed

Oil dips, but posts weekly gain on solid 2024 demand outlook
Economy|Finance|News

Oil rises settles higher; US inflation data feeds rate cut hopes

Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S. interest rate cuts after

Oil rises settles higher; US inflation data feeds rate cut hopes
Business|Crime|Europe|Finance|News|Stock Markets

Glencore's ex-head of oil appears in UK court on bribery charges

Glencore's former head of oil Alex Beard appeared in a London court on Tuesday to face bribery charges relating to the Swiss commodity trader's

Glencore's ex-head of oil appears in UK court on bribery charges
Europe|Finance

Shell faces delay in German refinery stake sale, sources say

Shell's planned sale of a stake in the Schwedt refinery in Germany is being delayed by pending lawsuits by

Shell faces delay in German refinery stake sale, sources say
Business|Finance|US

Brent oil traders use little known rule to reroute US cargoes

Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used a little known rule to reroute U.S.

Brent oil traders use little known rule to reroute US cargoes
Economy|Finance

Saudi Arabia cuts July Arab Light crude oil OSP to Asia

Saudi Arabia set its flagship Arab Light crude oil official selling price (OSP) to Asia at plus $2.40 versus Oman/Dubai average for July, a document seen by Reuters

Business|Finance|Stock Markets

Trafigura names Richard Holtum as new CEO

Richard Holtum will take over as chief executive of global trading house Trafigura from Jan. 1 next year, the company said on Tuesday.

Trafigura names Richard Holtum as new CEO
Business|Economy|Finance

Oil heads for 2% weekly gain on tight U.S. supply, China demand

Oil prices edged higher on Friday, and were headed for a gain of 2% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during

Oil heads for 2% weekly gain on tight U.S. supply, China demand
Economy|Environment|Science|Technology|World

Fossil fuel use, emissions hit records in 2023, report says

Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year,

Fossil fuel use, emissions hit records in 2023, report says
Economy|Finance|News

Oil climbs 3% as Libya output cuts further supply concerns

Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East.

Oil climbs 3% as Libya output cuts further supply concerns
Business|Finance|News

Brent crude trades above $87, sets highest levels since April

Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories.

Brent crude trades above $87, sets highest levels since April
Business|Economy|Finance|News

Oil settles down ahead of OPEC+ meeting, posts weekly loss

Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group's output cuts.

Oil settles down ahead of OPEC+ meeting, posts weekly loss

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