Oil losses eased as global markets weighed the implications of Republican Donald Trump’s election as the 45th U.S. president.
November 9, 2016BusinessFuel
World’s Second-Biggest Oil Company Thinks Demand May Peak in Five Years
Royal Dutch Shell, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years.
November 2, 2016BusinessFuel
Oil Traders May Find Profit at Sea Again as Prices Sink
As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea.
November 2, 2016BusinessFuel
US Crude Oil Stockpiles Drop Unexpectedly
Nationwide crude stockpiles fell 553,000 barrels in mid-October, according to the Energy Information Administration.
October 26, 2016BusinessFuel
OPEC Agrees to Cut Oil Production; Pump Prices Likely to Rise
OPEC agreed to cut production for the first time in eight years, according to a delegate briefed on the matter, sending oil prices more than 6% higher as Saudi Arabia and Iran wrong-footed traders who expected a continuation of the pump-at-will policy the group adopted in 2014.
September 28, 2016BusinessFuel
Chevron Unveils Lineup of New CK-4, FA-4 Oils
Chevron Products Co., a division of Chevron U.S.A. Inc., has introduced its new line of Delo 400 API CK-4 and FA-4 heavy duty motor oils coming Dec. 1.Â
August 29, 2016BusinessEquipmentLogisticsFuel
Exxon to Introduce New Engine Oils on Website
ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.
August 26, 2016BusinessFuel
Trains, Trucks and Two Tankers Involved in Perhaps Most Logistically Complex US Oil Trade Yet
Mercuria Energy Group has engineered perhaps the most logistically complex trade yet to export U.S. oil since a four-decade ban on sales was lifted.
August 25, 2016BusinessFuel
Oil Extends Decline After Unexpected US Crude Stockpile Gain
Oil extended its decline after a government report showed that U.S. crude stockpiles unexpectedly rose last week.
August 24, 2016BusinessFuel
OPEC Plans Informal in September, Sees Oil Dip as Temporary
The Organization of Petroleum Exporting Countries will hold informal talks at a conference in Algiers, Algeria, next month and considers the recent decline in oil prices temporary, the group’s president said Aug. 8.
August 8, 2016