Crude Oil Futures Trading News and Videos

submitted by oiltrades 640 days ago (via ameinfo.com)

Dubai fuel retailers including ENOC, Eppco and Emarat have cut the price of diesel by Dhs0.70 a gallon to reflect the prevailing international crude oil and oil product prices. The cut marks oil retailers' ninth cut in diesel prices and their single-biggest cut since July 28.

OPEC may cut again if Friday cut does not stabilize market: Iran

submitted by oiltrades 640 days ago (via platts.com)

London (Platts) -- 27Oct2008 -- OPEC may cut crude output again this year if the 1.5 million b/d cutagreed Friday and set to come into effect on November 1 fails to stabilize theoil market, Iran's OPEC governor Mohammad Ali Khatibi...

Front-month ICE Brent trades below $60/b as global markets plunge

submitted by oiltrades 640 days ago (via platts.com)

London (Platts) -- 27Oct2008 -- Front-month ICE Brent traded below $60/barrel in the early morningEuropean trading session Monday, following heavy selling across globalbourses. The ICE dollar index added further pressure to the commodity...

S Korean bunker fuel premium rises to record high on tight supply

submitted by oiltrades 640 days ago (via platts.com)

Tokyo (Platts) -- 27Oct2008 -- The premium for South Korean 380 CST bunker fuel over Singapore cargoprices rose to a record high of $83.91/mt Friday on tight supplies in thecountry, Platts data showed. Platts assessed South Korea...

TransAtlantic announces takeover offer for Australian Incremental

submitted by oiltrades 640 days ago (via platts.com)

Auckland (Platts) -- 27Oct2008 -- TransAtlantic Petroleum Corp, a US based explorer and developer of crude oil and natural gas properties in Morocco, Turkey and Romania plans to make an off-market takeover offer for Australia's Incremental...

China's September oil demand slips for second consecutive month

submitted by oiltrades 640 days ago (via platts.com)

Hong Kong (Platts) -- 27Oct2008 -- China's apparent petroleum demand in September slipped to 29.42 millionmt, a 5.5% drop over August's 31.13 million mt, according to Platts estimatesbased on recent figures released by the Chinese government....

Australia's Horizon Oil details plans for PNG assets

submitted by oiltrades 640 days ago (via platts.com)

Auckland (Platts) -- 27Oct2008 -- Australian junior oil and gas company Horizon Oil has identified apotentially sizeable market for power in the Western Province of Papua NewGuinea and across the border in West Papua that could account...

BHP Billiton Petroleum sees outstanding Australian growth options

submitted by oiltrades 640 days ago (via platts.com)

Sydney (Platts) -- 27Oct2008 -- BHP Billiton Petroleum has outstanding growth options in Australia, whereit has five major projects in execution or feasibility and another five underassessment for the future, according to presentation...

Japan's largest shippers post rising profits on higher freight

submitted by oiltrades 640 days ago (via platts.com)

Tokyo (Platts) -- 26Oct2008 -- Japan's three largest shippers all reported Monday significantly higherprofits for the first half of fiscal 2008-2009 (April-March). Nippon Yusen Kabushiki Kaisha, also known as the NYK Line, reported...

'Oversupply' of LNG in 2009

submitted by oiltrades 528 days ago (via rss.feedsportal.com)

An additional 100m tonnes of Liquified Natural Gas (LNG) is scheduled to come online in 2009 and 2010, a 50% increase on current capability, creating a possible oversupply on world markets a report by the Energy Intelligence agency has said. Qatar alone plans to more than double its LNG output, from 30m tonnes annually currently, to 77m tonnes by 2010.