- India rushing to join natural gas boom risks eventual LNG shortage
November 21, 2017
India is planning to join the Asian rush to boost the use of natural gas over coal, a further sign that the liquefied natural gas (LNG) market will tighten faster than previously expected.
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- Sinking feeling: Asian floating oil storage declines as crude market tightens
November 10, 2017
The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC-led supply cuts are successfully tightening crude markets even as U.S. exports have soared.
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- Venezuelan Oil Output Heads to 29-Year Low
November 10, 2017
Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most.
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- OPEC Cutback Deal May Be a Windfall for Struggling Global Shippers: Brokers
November 10, 2017
U.S. ship brokerage Charles R. Weber on Thursday speculated that the strong compliance for the Organization for the Petroleum Exporting Countries (OPEC) production cuts is boosting prospects for business for struggling shippers such as Frontline L...
- More Indications of Global Glut Clearing as Venezuelan Oil Production, Quality, Continues to Deteriorate
November 10, 2017
West Texas Intermediate on Friday remained close to its highest levels since 2015 despite settling 43 cents lower to $56.74 per barrel, and Brent settling down 37 cents to $63.56 per barrel, and this altogether still meant both contracts would ris...