February 15, 2019

Brent Crude Hits 2019 High At $65

By Tsvetana Paraskova – Feb 15, 2019, 11:00 AM CST Brent Crude hit $65 a barrel early on Friday, reaching the highest price so far this […]
February 13, 2019

Oil Prices Rise After API Reports Surprise Crude Draw

The American Petroleum Institute (API) reported a small crude oil inventory draw of 998,000 barrels for the week ending February 8, close to analyst expectations that […]
February 13, 2019

Sanctions On Venezuela Leaves Oil Market Scrambling For Heavy Crude

In an oil market already tighter on heavy crude grades due to OPEC’s production cuts and U.S. sanctions on Iran’s oil, refiners now face an even […]
February 8, 2019

Venezuela Mixes Heavy With Light Crude As Imports Slump

Venezuela’s PDVSA has begun mixing its extra heavy crude with locally produced light oil as imported diluents from the United States are now hard to come […]
February 6, 2019

Hedge Funds Drop Shorts On Crude Oil

Hedge funds and other money managers have started to shake off the gloomy expectations of a global recession and waning oil demand growth that had seized […]
February 5, 2019

7 Million Barrels Of Venezuelan Crude Sit In Gulf Of Mexico

Tankers carrying as much as 7 million barrels of Venezuelan heavy crude are sitting in the Gulf of Mexico awaiting some semblance of clarity on how […]
February 5, 2019

Sanctions Cut Off Venezuelan Crude Supply To U.S. Refiners

U.S. refiners will not be able to complete transactions for shipments of crude from Venezuela’s PDVSA for cargoes they had contracted before the U.S. Treasury slapped […]
February 1, 2019

European Buyers Halt Venezuelan Crude Purchases

European buyers of the heavy crude produced by Venezuela’s PDVSA have put their purchases on hold in anticipation of sanctions against the government in Caracas to […]
February 1, 2019

Platts: Chinese Independent Refiners Import Less Crude In January

China’s independent refiners—typically known as ‘teapots’—imported a combined 2.72 million bpd of crude oil in January, down by 8.7 percent from December, a monthly S&P Global […]