Crude Oil Futures Trading News and Videos

Global crude futures rangebound in Europe, ICE Brent at $44.78/b

submitted by oiltrades 576 days ago (via platts.com)

London (Platts) -- 5Feb2009 -- Global crude futures were largely rangebound in the morning tradingsession Thursday, as participants continue to digest the US inventory datareleased yesterday by the Energy Information Administration....

China close to finalizing oil, petchems stimulus package

submitted by oiltrades 576 days ago (via platts.com)

Hong Kong (Platts) -- 5Feb2009 -- A draft of China's multi-billion-dollar stimulus package for its oil,petrochemical and chemical sector is currently being reviewed by the Ministryof Industry and Information Technology, a source said...

Russia to assign 15 offshore fields to state companies

submitted by oiltrades 576 days ago (via platts.com)

Moscow (Platts) -- 5Feb2009 -- Russia's Natural Resources Ministry last week submitted to the governmenta list of 15 offshore oil and gas fields that will be transferred to statecompanies without auctions, a ministry official said...

Asia oil traders focus on wider implications of Lehman collapse

submitted by oiltrades 719 days ago (via platts.com)

Singapore (Platts) -- 15Sep2008 -- The collapse of the US banking giant Lehman Brothers Holdings is unlikelyto have any immediate impact in the Asian oil markets, but the wider concernssurrounding the overall state the US economy, the...

Nigerian rebels warn of major attack within 24 hours

submitted by oiltrades 719 days ago (via platts.com)

Lagos (Platts) -- 15Sep2008 -- The most prominent militant group in Nigeria reiterated its warning tooil workers to leave the Niger Delta region Monday and warned of another majorattack on oil facilities in the southern oil patch....

NYMEX Oct RBOB falls over 17 cents to $2.5931/gal

submitted by oiltrades 719 days ago (via platts.com)

London (Platts) -- 15Sep2008 -- Crude futures slumped Monday on news that oil infrastructure in the USGulf had escaped significant damage in the wake of Hurricane Ike, as well asthe impact of financial markets feeding into commodities....

Several killed in attack on Shell Nigeria flow station: militants

submitted by oiltrades 719 days ago (via platts.com)

Lagos (Platts) -- 15Sep2008 -- Nigerian militants Monday attacked Shell's Alakiri crude flow station insouthern Rivers state, with scores of oil workers killed during the attack,the country's main militant group MEND said Monday....

Adnoc 2010 naphta supply deals agreed

submitted by oiltrades 290 days ago (via ameinfo.com)

Abu Dhabi National Oil Co (Adnoc) has sealed deals with at least four Asian buyers for 2010 supplies of three naphtha grades at $14.50-$16.50 a ton above its own price formula, Reuters has reported. The price, on a free-on-board basis, was agreed at the initial levels offered by Adnoc, despite some resistance, traders told the news service.

Kuwait: Opec will not change targets

submitted by oiltrades 290 days ago (via ameinfo.com)

Sheikh Ahmed Al-Sabah, Kuwait's oil minister has said the Opec will not change its crude production target at a December meeting, but will ask members for better adherence to quotas, Bloomberg has reported. The group's average compliance with its goal of cutting output should be more than 65%, he said.

European Market Profit Takers (at Seeking Alpha)

submitted by oiltrades 290 days ago (via us.rd.yahoo.com)