Edition:
International

Noah Browning

Oil hits almost 14-month high after OPEC+ extends output cuts

Mar 05 2021

LONDON Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. | Video

Sluggish physical oil sales struggle to match futures price surge

Mar 04 2021

LONDON A four-month rally in the oil futures price from below $40 a barrel to above $60 now is out of step with demand, analysts and traders say, with physical sales only expected to match supply later in 2021.

OPEC president says oil market rebalancing, pandemic still a risk

Mar 02 2021

LISBON The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (OPEC), the group's president said on Tuesday.

Real-time oil appetite catches up with futures rally

Feb 18 2021

LONDON/SINGAPORE/MOSCOW Sales of physical crude oil are gaining pace at higher prices following a rally in the futures market, traders and analysts said, as expectations mount of near-term increases in demand.

Oil hits 13-month highs as market rebalances

Feb 15 2021

LONDON Oil prices soared to their highest in about 13 months on Monday as vaccine rollouts promised to revive demand and producers kept supply reined in. | Video

Brazilian residents sue Braskem in Dutch court over salt mines

Feb 15 2021

LONDON Residents of Maceio have filed a lawsuit in a Dutch court against Brazilian petrochemicals company Braskem SA over cracks and sinking ground near salt mines in the Brazilian city, their legal representatives said on Monday.

Graphic: Tighter oil market encourages destocking, contract rollover

Feb 15 2021

LONDON The market for Brent and U.S. crude has moved deeper into backwardation encouraging traders to draw down on supplies as producers keep a tight rein on output and hopes rise of a recovery in oil demand with the rollout of coronavirus vaccines.

Tighter oil market encourages destocking, contract rollover

Feb 12 2021

LONDON Optimism for a recovery in oil demand as COVID-19 vaccines are rolled out while producers rein in supply has pushed the market structure for Brent and U.S. crude into the deepest backwardation since the start of the pandemic.

Graphic: Tighter oil market encourages destocking, contract rollover

Feb 12 2021

LONDON Optimism for a recovery in oil demand as COVID-19 vaccines are rolled out while producers rein in supply has pushed the market structure for Brent and U.S. crude into the deepest backwardation since the start of the pandemic.

Oil market rebalancing will soon set stage for more OPEC+ supply - IEA

Feb 11 2021

LONDON Global oil supply still outstrips demand due to persistent COVID-19 lockdowns and the spread of variants, the International Energy Agency (IEA) said on Thursday, but vaccines should help demand recover and soon enable producers to pump more.

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