Nigerian crude exports for August have expected to total at least 1.46 million barrels a day from the 10 provisional loading programs seen so far by traders Thursday. For full story, click here
Continue reading "Nigerian Crude Exports Saw 1.46M b/d in Aug"
Tuesday, June 9, 2009
Crude oil demand has begun to recover, as stockpiles are drawn down, but distillate inventories remain bloated, with traders banking on cheap freight to store excess supplies on vessels. For full story, click here
Continue reading "Crude Oil execs are eyeing crude rebound"
Wednesday, May 6, 2009
India’s leading state-owned refiner Indian Oil Corp. has purchased 6 million barrels of West African crude via tenders for June and July loading. For full story, click here
Continue reading "IOC purchased 6 mln barrels W. African Crude"
Tuesday, May 5, 2009
Oil traders who have been keeping as much as 100 million barrels of crude on tankers to profit from forward prices are likely to commence selling the cargoes as the incentive to store wanes. For full story, click here
Continue reading "Traders may commence selling stored Crude Oil"
Tuesday, March 31, 2009
Crude oil surged, set for the biggest monthly gain since June, as some traders considered yesterday’s 8 percent plunge excessive and a weaker U.S. dollar bolstered the appeal of commodities. For full story, click here
Continue reading "Crude oil soars, set for biggest monthly rise since June"
Friday, March 27, 2009
It was a stock that people loved to hate. During the first half of 2008, investors cringed when they saw rallies in the price of oil. As crude surged to $150 a barrel last year, equity investors bemoaned the hit, and worried and gossiped about the outlook for consumer-oriented firms which would need to spend more on gas. Then the tide turned.
Continue reading "Higher Oil: Sign Of Economic Growth"
Thursday, March 12, 2009
Crude oil moved upwards to more than $3 in a strong bounce after the previous days slid as traders positioned themselves ahead of OPEC’s Sunday meeting where the group will mull either lowering output targets or leaving them steady. For more information, click here
Continue reading "Crude oil surged upwards"
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Friday, June 26, 2009