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Disruption in Libyan exports lifts oilSentiment on oil prices remains weak amid worry over global stock markets and doubts that planned cuts will be enough to rein in oversupply
Source: BDliveSA - 🏆 12. / 63 Read more »
Glencore loses exclusive marketing rights to two Libyan oil gradesSwiss-based multinational company Glencore, which was the only international company marketing Libyan oil since the country plunged into crisis in 2011, has now lost exclusive marketing rights to two of the country's oil grades
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil drops on vague US-China trade talks and US supply surgeUS fuel supply swells to nearly 12-million bpd, as Opec and its partners cut supply to rein in the emerging glut
Source: BDliveSA - 🏆 12. / 63 Read more »
Protesters force shutdown at Libyan El Sharara oilfield - sourcesThere was no immediate comment from Libyan state petroleum company National Oil Corp .
Source: ewnupdates - 🏆 30. / 53 Read more »
Oil rises on signs low prices crimping US output though economic worries weighBrent and WTI prices hovered at their lowest level in over a year on higher US production
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil rises above $57 on China-US January trade talks and Opec cutsOpec supply cuts are also supporting oil prices as the API reports US crude stocks fell by 4.5-million barrels
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil price tumbles on increased US outputUS output has climbed 2.4-million bpd since January 2018 and stockpiles of crude and refined products have risen sharply, data shows
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil prices rise on optimistic US-China trade talksUS crude oil climbs above $50 a barrel for the first time in 2019, despite its surging output, with prices also propped up by Opec-led supply cuts
Source: BDliveSA - 🏆 12. / 63 Read more »
Brazilian oil bribery suspect linked to Vitol and Glencore arrested in USCourt documents allege he received money from major oil-trading groups to secure Petrobas deals This Glencore is one that “bought” South African oil reserves for a song. A gift from Guptas to buy their silence on beubg forced out if Optimum Coal. FBI must arrest Ivor Glassenburg
Source: BDliveSA - 🏆 12. / 63 Read more »
Growing US supply puts pressure on oilBrent falls amid a cautious reaction to US-China talks that finished without concrete details to ending their dispute
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