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Oil Trading Newsletter
  • Big Players Lock In Cheap Oil Before the Tide Turns 19 Sep 2024 01:22 GMT

    … benchmark slumped below $70 per barrel last week.   Swap dealers’ … to below $70 per barrel amid concerns about global … downward revision to oil demand growth estimates by OPEC.  On September … and options in the most traded petroleum contracts last week.  For …

  • FUJAIRAH DATA: Oil product stockpiles resume decline 19 Sep 2024 00:20 GMT

    … fuel oil in shipping and is also in limited supply, traders said … , while backlogs in refueling with low sulfur fuel oil for … . Product exports from Fujairah rose to 3.9 million barrels in the …

  • Oil prices fall as US rate cut fails to boost market sentiment 19 Sep 2024 01:01 GMT

    … BEIJING (Reuters) - Oil prices fell in Asian trading on Thursday after … .46%, to $73.31 a barrel by 0015 GMT, while WTI … declined to $70.49 a barrel, down 42 cents or 0 … said Chinese oil demand may rebound by 300,000 barrels per day …

  • Oil prices fall as Fed rate cut stirs economic worries, storage report mixed 18 Sep 2024 23:14 GMT

    … 1.6 million barrels to 417.5 million barrels in the week … poll for a 500,000-barrel draw. The crude draw, … more supportive of oil prices than Tuesday’s American Petroleum Institute figures … and a negative shift in traders’ sentiment have contributed to the …

  • Oil producers predict another decade of Bakken drilling before shifts in recovery methods 18 Sep 2024 23:50 GMT

    … an additional 1 billion barrels of oil can be produced … regulatory approval. The Federal Trade Commission has applied more … regulatory affairs manager for the Petroleum Council. Larger companies like … role in policymaking. "Trade groups are so important …

  • Oil steadies ahead of Fed decision while demand concerns persist 18 Sep 2024 23:02 GMT

    … this week. Brent traded near $73 a barrel after rising by 1 … tailwinds for energy demand. Oil has lost around 15% this … Positioning of trend-following commodity trading advisers is close to their … stocks.” In Europe, major oil refineries are cutting how much …

  • Oman posts RO 3.6 billion trade surplus 18 Sep 2024 23:37 GMT

    MUSCAT: Oman's trade balance recorded a surplus of … RO 59 million. On the import side, mineral products topped the … RO 750 million. Transportation equipment imports increased by 4.9% to … ;s top non-oil trading partner, with non-oil exports to the UAE rising …

  • Examining the impact of the NNPC’s $6bn debt on the Nigerian oil industry 18 Sep 2024 23:24 GMT

    … , an umbrella organization for trade unions, has called on … the biggest crude oil producers and exporters in Africa, and … maintain a consistent supply of petroleum products nationwide”. According to … out of its reliance on oil imports, which are managed solely …

  • Ministry of Trade: Jamaica, Trinidad and Tobago relationship growing 18 Sep 2024 22:12 GMT

    … Karim, Permanent Secretary, Ministry of Trade and Industry; Natalie Campbell-Rodrigues … Tobago imports bunker oil from Jamaica. Karim said from 2018 to present exports … and Tobago is the largest importer of condensed milk in the …

  • Reversal of oil cuts to fuel GCC growth in 2025 18 Sep 2024 21:26 GMT

    … the reversal of oil production cuts by Opec+. “Strong domestic … These sectors, including tourism, trade, and finance, are becoming crucial … production output to 4 million barrels per day by 2035. … upside potential for oil production and exports in the medium …

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