PFC Energy put together a succinct list of key trends in oil markets in 2013, along with associated charts. These include US oil production growing faster than in any other year, cheaper crude inputs at refineries driving the US to become the world’s largest exporter of refined petroleum products, and the rising disconnect between international… Keep reading →
Brent
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We will never sell or share your information without your consent. See our privacy policy.Amid all the uproar over the US’s surprising oil production growth of the last few years, some oil market watchers may have inflated expectations of just how well-supplied the market is. US onshore oil supply growth has helped to boost global oil market supply, helping to insulate prices from the impact of disruptions, such as… Keep reading →
By Catherine Boyle The fallout from the failure of a high-profile international meeting over Iran’s nuclear ambitions could be most felt in the cost of oil. The Brent crude price of oil rose towards $106 a barrel in early trading Monday morning, following the conclusion of the weekend’s meeting. Any signs that Iran is coming into the… Keep reading →
Energy News Roundup: Four Traders Claim to Have Proof that BP, Statoil, Shell & Morgan Stanley Manipulated Oil Prices
By Conway IrwinFour oil traders are claiming in a lawsuit that they can prove that BP, Statoil and Shell conspired with Morgan Stanley and trading firms such as Vitol to manipulate Brent crude prices. The traders say that the three oil companies placed orders to move markets, rather than buy crude. “Platts’ methodology ‘can be easily gamed… Keep reading →
By: Sri Jegarajah U.S. crude futures are on course for their fifth weekly loss, reflecting a build-up of domestic stockpiles while Brent crude may gain on concern of continued export disruptions from OPEC member Libya, CNBC’s latest market survey of traders, analysts and strategists showed. Broadly, two-thirds of the respondents in CNBC’s latest poll of… Keep reading →
The spread between benchmark crude oil prices for WTI and Brent recently widened to over $10 per barrel after reaching parity this past summer, and signals indicate this is partially due to an oversupplied US Gulf Coast refining center. It also suggests that equity investors might want to be wary of US Exploration & Production… Keep reading →
The US became a net-exporter of oil products like gasoline and diesel fuel in 2011 for the first time since 1949 and oil product exports have steadily increased since that point. US refiners found a new lease on life – after several East Coast refinery closures – by purchasing Bakken crude at a discount to… Keep reading →
Sakhalin Energy, the consortium that operates the Sakhalin II LNG project in Russia, is seeking higher prices for LNG sales from Korea’s Kogas, the world’s largest LNG buyer, sources have told Bloomberg. The contract is linked to Brent crude prices, which have risen substantially since it was signed eight years ago. The article indicates that Kogas… Keep reading →