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Thursday, June 20, 2019

Tag: oil market

Indonesia’s Pertamina buys first ever US crude oil cargo

The shipment of close to 600,000 barrels of West Texas Intermediate (WTI) Midland crude was loaded onto the Aframax tanker China Dawn.

Oil rises on Opec’s cuts, but soaring US exports and economic...

Opec has been withholding supply since January but record US output and exports offset the group's cuts.

US oil imports at 23-year-low, output hits another record

The fall of imports comes as Venezuelan oil shipments drop due to US sanctions against Maduro and the Saudis' attempt to curb exports.

Crude oil plummets as President Trump warns against high prices

Trump puts Saudi Arabia and Opec allies in a bind after fears of the US-China trade war and Venezuela sanctions had diminished.

Oil extends gains after muted increase in US crude stockpiles

Opec+'s production cuts have successfully removed oversupply and driven up oil prices.

Oil hovers near 2019 highs amid Opec cuts

Analyst says that global oil inventories are likely to be depleted soon because of falling Opec production.

Oil’s near three-month high on trade optimism and supply curbs

American trade talks with China appear to be heading for a positive outcome while Saudi Arabia fixes a damaged power cable at the Safaniyah oil field.

Oil halts drop near $65 as volatility seen before OPEC’s meeting

Investors are now looking for clues on whether other members will support the proposal to pump more at a June 22 meeting in Vienna.

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