Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
LONDON Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus in the first half of next year, the International Energy Agency said on Tuesday.
LONDON An 18 percent rise in oil prices in just five weeks to $65 a barrel should mean the bull run is on its last legs but technical analysts say there is still more strength ahead due to geopolitical tension and tightening crude supply.
LONDON Brent crude options show the market still has to win over the die-hard sceptics, even as investors are betting more heavily than ever before that the price break above $60 a barrel might be the start of a bigger move higher.
LONDON Saudi Arabia's renewed pledge to do whatever it takes to cut the global overhang of unused oil has helped head off a reversal in price premiums in Brent crude futures as the end of an OPEC-led deal to cut crude production looms in March.
LONDON, Oct 24 Hedge funds have stuck to their bet that oil prices will extend gains, even though the futures market shows some investors are losing faith in a rebalancing of supply and demand.
LONDON Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep rise in output, the International Energy Agency said on Thursday.
LONDON U.S. oil exports are pouring into the market at a record pace, but the world's second largest crude trader Glencore believes demand will be strong enough to absorb the volumes along with those from competitors in the North Sea and West Africa, thanks in part to China. U.S. oil exports hit an all-time high near 2 million barrels per day (bpd) last month, equal to the daily output of the entire North Sea, joining the fight for market share from Poland to India, but Glencore's head of oil trading Alex Beard says demand for crude is strong enough to take the extra barrels without excessive pain.
LONDON U.S. oil output could be set for a last spike in 2018 before growth flattens for a number of years as rising costs make a big chunk of production uneconomic, the head of top oil trader Vitol, Ian Taylor, told Reuters.
LONDON One of the world's largest oil traders, Gunvor Group, plans to grow via ventures and could acquire stakes in businesses such as shipping or refining with partners, its founder Torbjorn Tornqvist told Reuters.
LONDON, Oct 4 A recovery in U.S. crude exports and falling European refining margins have sent prices of North Sea barrels tumbling, which may encourage traders to keep oil in storage and could undermine OPEC's efforts to drain inventories.