Tag: Crude Oil
US Crude Inventory Rises As Oil Prices Touch $42
Oil edged up to around $42 a barrel on Wednesday supported by rising investor risk appetite and a report that U.S. fuel inventories fell,...
[Watch] Tanker May Explode! Fire Aboard Oil Tanker
A massive oil tanker on fire off the eastern coast of Sri Lanka is being towed out to sea amid fears of a...
China Increases U.S Crude Purchases To Comply With Trade Deal
China to ramp up crude oil and agricultural product purchases from the US.
These purchases are done to comply with Phase 1 of...
COVID-19 Pushing Crude Oil Demand Towards The End
COVID-19 may have triggered the long-anticipated tipping point in oil demand.
The pandemic drove down daily crude consumption by as much as a...
Crude Oil Import at 53 Year Low As the COVID19 Pandemic...
Japan's crude imports dropped 25% year on year to 2.28 million b/d in May.
It is the lowest for the month in 53...
Strong Crude Structure Enables Release of Crude from Floating Storage
There has been a strengthening in the Middle East's Dubai crude market structure.
Several million barrels of the Middle East sour crude from...
Container Volume at Major Chinese Ports Increased 2.5% in Mid-June
Container volume at 8 major ports in China increased 2.5% year-on-year during the period of mid-June.
The export container volume increased 0.2%.
Export...
Oil Storage At Sea Declines After Ease in Global Lockdowns
Global lockdown measures to fight the coronavirus outbreak are eased.
A glut of crude oil and products stored in tankers at sea will...
Bunker Industry Heading Towards Consolidation and Credit Lines
Financial times are bringing the issue of credit lines to the forefront.
Marine fuel sellers are essentially acting as financing houses for ship...
117 VLCC Tankers Transport Super Cheap Crude Oil for Unloading
China is taking advantage of the cheapest crude oil in years.
It is stocking up as demand is starting to return to the...