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Oil Price
Oil Price Collapses to Below Zero as Demand Takes a Dive During Pandemic
A key sector of us oil trading collapsed on Monday.
Oil & Gas Trade
Saudis to Sell 600,000 bbl of Oil a Day to the U.S. in April
Saudi Arabia is set to sell about 600.000 barrels a day of crude to the U.S. in April, the highest volume in a year, according to a Saudi industry official fami…
Crude Oil
Fuel Consumption Sees Drastic Drop
Despite petrol bunks having remained open during the lockdown period, the consumption of diesel and petrol has come down drastically.
Crude Oil
World’s Largest Oil Trader Says Demand Could Plummet By 20 Million Bpd
A dramatic change in oil demand coupled with an unexpected increase in production has upended the industry, Vitol’s chief executive Russell Hardy told Bloomber…
Oil & Gas Trade
The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude…
Oil & Gas Trade
Sanctions on Rosneft Unit Threaten Venezuela’s Vital Oil Trade
U.S. sanctions on Rosneft Trading SA threaten to hit Venezuela’s ability to export oil, choking off the main source of cash for Nicolas Maduro’s regime and po…
Oil & Gas Trade
Guyana Officially Becomes Oil Exporter
The world’s newest oil frontier, Guyana, has officially shipped its very first batch of crude oil on Monday, according to TankerTrackers.com—a major oil-first…
Oil & Gas Trade
Legendary Oil Trader Says the End of Demand Growth in Sight
Andy Hall, one of the most successful oil traders of his generation, is now predicting the biggest shift yet in the global market: the end of demand growth.
EU And Britain Condemn US Oil And Nuclear Sanctions On Iran
The United States' allies in Europe have criticised its recent decisions to restrict oil trade with Iran and to limit the extension of waivers.

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