- Oil products fill storage tanks and cast doubt over crude demand
July 08, 2016
The levels of diesel, gasoline and heating oil in storage tanks in Europe this week are so high they are causing delivery backlogs and are casting doubt on whether demand for oil to be refined can be sustained.
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- Bunkers jump, oil rebounds back over $50/bbl as Brexit panic fades, but Citi warns uncertainty and volatility will persist
June 30, 2016
If Wednesday's numbers are any indication, the few observers who predicted that the U.K.'s exit from the European Union would cause extremely short-lived market turmoil may be proven correct: oil jumped over 3 percent and Brent crude rose above th...
- Venezuelas oil output decline accelerates as drillers go unpaid
June 28, 2016
Venezuela’s oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments.
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- Oil markets drop in wake of Brexit vote but analysts say the turmoil is short-lived
June 27, 2016
As pundits scrambled to predict the ramifications of the U.K.'s unexpected vote to leave the European Union, the news had a predictable negative effect on oil markets – but arguably not as catastrophic as some had feared.
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- Canada wildfires, U.S. demand pull Asian gasoline to the Americas
June 24, 2016
As much as 60,000 tonnes of Asian gasoline is heading to South and Central America as higher prices and a supply shortfall in the region opened the rare east-to-Americas trade route, trade and industry sources said on Thursday.
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