Edition:
United States

Amanda Cooper

Now near 100 million bpd, when will oil demand peak?

Sep 20 2018

LONDON Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago - and it shows no immediate sign of falling.

Investors get comfortable with Brent crude at $80 a barrel

Sep 19 2018

LONDON Traders and investors have loaded up on bullish Brent oil bets this week, after signals that Saudi Arabia is in no rush to increase production, even with the price near $80 and as buyers grow uneasy over the impact of U.S. sanctions on Iranian supply.

Platts edges closer to dated Brent revamp with European pricing for U.S. oil

Sep 19 2018

LONDON Oil pricing agency S&P Global Platts has moved closer to revamping its dated Brent benchmark, launching new price assessments for two grades of U.S. crude in Europe in response to the swell of imports into the region.

RPT-UPDATE 1-BP, Vitol go head to head in West African crude trading

Sep 17 2018

LONDON, Sept 14 Oil major BP has clashed with rival Vitol in the once-languid West African crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners.

BP, Vitol go head to head in West African crude trading

Sep 14 2018

LONDON Oil major BP has clashed with rival Vitol in the once-languid West African crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners.

BP, Vitol go head to head in West African crude trading

Sep 14 2018

LONDON Oil major BP has clashed with rival Vitol in the once-languid West African crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners.

UPDATE 1-BP, Vitol go head to head in West African crude trading

Sep 14 2018

* Development makes crude more expensive for refiners (Update with BP and S&P Global Platts' comments)

Global oil demand to top 100 million bpd but outlook may cloud

Sep 13 2018

LONDON World oil consumption will top 100 million barrels per day (bpd) in the next three months, putting upward pressure on prices, although emerging market crises and trade disputes could dent this demand, the International Energy Agency said on Thursday.

UPDATE 4-Oil hovers near $80 a barrel as concern grows over global supply

Sep 12 2018

* API reports 8.6 million-barrel decline in crude inventories

After summer of discontent, Brent oil investors turn optimistic

Sep 04 2018

LONDON Brent futures show investors are more optimistic that demand for oil will outpace supply than they have been in six weeks, ahead of the potential loss of Iranian crude due to U.S. sanctions and because of a spike in unplanned production outages.

World News