GO
Loading...

Enter multiple symbols separated by commas

Oil and Gas Storage

More

  • *U.S. oil inventories to rise until May- Morgan Stanley. *China strategic reserves close to capacity- Sinopec exec. LONDON, March 25- Brent crude oil steadied above $55 a barrel on Wednesday, not far above the week's lows, as more evidence emerged of global oversupply that has filled fuel storage tanks around the world.

  • BEIJING, March 25- China's commercial and strategic oil storage is almost full, a Sinopec trading executive said on Wednesday, leaving little room for Asia's top oil consumer to keep up its soaring import growth and adding downward pressure to an already oversupplied market. China's purchases to fill its strategic petroleum reserves was one of the main...

  • BEIJING, March 25- China's commercial and strategic oil storage is almost full, a Sinopec trading executive said at an industry forum on Wednesday, leaving little room for the world's No.2 oil consumer to increase its crude imports this year. China's purchases to fill its strategic petroleum reserves was one of the main drivers of Asian demand since August of...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- U.S. crude futures settled more than 1 percent higher on Monday, boosted by a falling dollar that outweighed pressure on prices from a global supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to maintain production levels, saying it would consider...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- Brent crude oil prices slipped towards $55 in the last hour of trading after an announcement from Saudi Arabia that its daily oil production neared record highs outweighed a weakened dollar. Saudi Arabia has stood firm on its decision to maintain production levels, saying it would...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- U.S. crude oil climbed above $47 a barrel on Monday as a declining dollar offset global oversupply concerns stemming from an announcement by Saudi Arabia that it was pumping around 10 million barrels per day, near a record high. Houston- based Schlumberger Ltd, the world's top oilfield...

  • *Schlumberger sees higher oil prices in second half of 2015. LONDON, March 23- Oil prices rose close to $56 a barrel on Monday as a weaker dollar offset concerns over global oversupply after Saudi Arabia said it was pumping around 10 million barrels per day, near a record high. Saudi Arabia has stood firm on its decision to maintain production levels, saying it would...

  • *Saudi wants non- OPEC cooperation on any output cuts. LONDON, March 23- Oil prices fell further on Monday, with Brent dropping below $55 a barrel, after top exporter Saudi Arabia said it would only consider cutting output if other producers outside OPEC did so too. "We repeat that, as for prices, the market determines it," Saudi oil minister Ali al-Naimi said on Sunday,...

  • *Saudi wants non- OPEC cooperation on any output cuts. LONDON, March 23- Oil prices fell further on Monday, with Brent dropping below $55 a barrel, after top exporter Saudi Arabia said it would only consider cutting output if other producers outside OPEC did so too. "We repeat that, as for prices, the market determines it," Saudi oil minister Ali al-Naimi said on Sunday,...

  • *Saudi wants non- OPEC cooperation on any output cuts. Weak demand from top energy consumer China comes at a time when the OPEC kingpin Saudi Arabia has reiterated its decision to keep production unchanged and ride out a market slump, which has roughly halved prices since last June. "We repeat that, as for prices, the market determines it," Saudi oil minister Ali...

  • *Signs of nuclear deal and end of sanctions for Iran add pressure. NEW YORK, March 16- Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. The United States and Iran, meanwhile, inched closer...

  • *Signs of nuclear deal and end of sanctions for Iran add pressure. NEW YORK, March 16- Brent oil fell about 3 percent on Monday and U.S. crude hit six-year lows on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. The United States and Iran, meanwhile, inched closer...

  • How should Yellen address a strong dollar?   Monday, 16 Mar 2015 | 5:50 AM ET
    How should Yellen address a strong dollar?

    Alan Knuckman, chief options strategist at Bulls-Eye Options, talks about the upcoming Federal Reserve meeting, the strong dollar and the gold market.

  • SINGAPORE, March 16- Oil prices fell on Monday as spare oil storage capacity runs low and a potential agreement in nuclear talks with Tehran opened the prospect of more Iranian exports, should sanctions be eased. U.S. crude fell to $43.57 in early trading, its lowest since March 2009, before rebounding to $44.19 by 0658 GMT, still down 65 cents. "The prospect of an...

  • SINGAPORE, March 12- Oil prices fell sharply in early Asian trade on Monday, with U.S. crude dropping more than 2 percent to a six-year low after the dollar hit fresh highs and concerns grew that the United States might run out of oil storage. U.S. crude fell to $43.57, the lowest since March 2009, while Brent slipped to $53.34 in early trading on Monday after the dollar...

  • How low can crude go?   Friday, 13 Mar 2015 | 7:32 AM ET
    How low can crude go?

    Edward Morse, Citi commodities research, discusses what's driving oil price lower as the commodity wanders further into bear territory.

  • Canada: Even the newest oil tank cars are outdated Wednesday, 11 Mar 2015 | 7:33 PM ET

    The Canadian government unveiled tougher new proposed oil tank car standards.

  • Goldman's Gary Cohn: Beware $30 oil Wednesday, 11 Mar 2015 | 12:09 PM ET
    Gary Cohn, Goldman Sachs

    Goldman Sachs President Gary Cohn tells CNBC he is concerned about the short-term window for oil and said crude prices could fall to $30 a barrel.

  • Traders cash out on tanker-stored oil as prices rise Sunday, 8 Mar 2015 | 11:22 PM ET

    SINGAPORE, March 9- Traders who have been storing oil since the start of the year are selling some supplies back into the market, completing a trade-play that made oil storage profitable, and re-injecting fuel into an already oversupplied market. The selling signals a winding down of a strategy that has seen at least 50 million barrels of oil stored in tankers,...

  • FUJAIRAH, United Arab Emirates, March 5- Vopak, the world's largest independent storage tank operator, is expanding its chemical product storage capacity in Saudi Arabia, a senior executive told Reuters on Thursday. Vopak, which offers oil, chemical and biofuels storage in the world's top bunkering hubs Singapore and Rotterdam, as well as on the east coast of the...