crude oil

Government, Business, Fuel

Saudi Oil Flood to China Persists Despite Historic Cuts

An oil tanker is silhouetted against a hazy sky. An oil tanker is silhouetted against a hazy sky. (Marcelo del Pozo/Bloomberg News)

An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.

Brian Wingfield | Bloomberg News
May 29, 2020
Business, Fuel

Oil Declines From 11-Week High

Oil pumping jacks operate in a Russian oilfield on March 11. Oil pumping jacks operate in a Russian oilfield on March 11. (Andrey Rudakov/Bloomberg News)

Russia’s lack of support for continuing global production curbs in July punctured oil’s rally to a nearly three-month high and raised questions about OPEC+’s ability to drain a massive supply glut.

May 27, 2020
Business, Fuel

Oil Rallies With Producers Showing Confidence by Hiking Prices

Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22. Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22. (Tim Rue/Bloomberg News)

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.

May 26, 2020
Government, Business, Fuel, Logistics

Unlike China, India Oil Demand Stays Weak as Economy Falters

People stand next to a gas station during a partial lockdown in New Delhi, India, on May 14. People stand next to a gas station during a partial lockdown in New Delhi, India, on May 14. (Prashanth Vishwanathan/Bloomberg News)

It’s going to take months for oil demand in the world’s third-biggest market to get back to pre-virus levels as India faces its deepest recession ever in the wake of its near two-month lockdown.

May 21, 2020
Government, Business, Fuel, Logistics

Chinese Revival Draws Rare Shipments of Alaskan, Canadian Oil

A Canadian Pacific Rail locomotive pulls oil tankers past a refinery in Burnaby, British Columbia, in September 2018. A Canadian Pacific Rail locomotive pulls oil tankers past a refinery in Burnaby, British Columbia, in September 2018. (Darryl Dyck/Bloomberg News)

Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels.

Robert Tuttle | Bloomberg News
May 20, 2020
Business, Fuel

Oil Falls Despite Signs of Tightening Market, Demand Recovery

Crude oil tankers are seen off the coast of the U.K. on May 15. Crude oil tankers are seen off the coast of the U.K. on May 15. (Chris Ratcliffe/Bloomberg News)

Oil prices fell even as supply curbs tightened the market and demand rebounded with the reopening of major economies.

May 19, 2020
Government, Business, Fuel

Diesel Prices Continue to Slide Even as Oil Inches Up

Diesel hose on the ground Spencer Platt/Getty Images

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Dan Ronan | Associate News Editor
May 18, 2020
Government, Business, Fuel

Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels

Oil storage tanks are seen from above on the outskirts of Ningbo, Zhejiang Province, China, on April 22. Oil storage tanks are seen from above on the outskirts of Ningbo, Zhejiang Province, China, on April 22. (Qilai Shen/Bloomberg News)

Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry.

May 18, 2020
Government, Business, Fuel

Oil Trades Near Six-Week High on Supply Cuts, Demand Recovery

Oil tankers are seen anchored in the Pacific Ocean above Long Beach, Calif., on May 1. Oil tankers are seen anchored in the Pacific Ocean above Long Beach, Calif., on May 1. (Patrick T. Fallon/Bloomberg News)

Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering.

May 15, 2020
Government, Business, Fuel

Oil Jumps to Five-Week High Amid Optimistic Demand Outlook

Pipelines run near oil storage tanks in Cushing, Okla. Pipelines run near oil storage tanks in Cushing, Okla. (Daniel Acker/Bloomberg News)

Oil surged to the highest level since early April on an improving outlook for crude demand, alongside a rally in broader markets.

May 14, 2020

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