Crude Trade

Latest News for: Crude trade

Crude palm oil extend losses on weak global cues

The Times of India 19 Jun 2018

New Delhi, Jun 19 () Crude palm oil prices fell by another 1.06 per cent to Rs 630.60 per 10 kg in futures trade today as speculators engaged in cutting down their bets, tracking a weak trend overseas and low demand at the domestic spot markets....

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Curacao's PDVSA Isla refinery working at minimum, awaits Venezuelan crude

Petroleum World 19 Jun 2018

No shipments of Venezuelan crude have been sent to Isla since late April and none were planned for this month, according to PDVSA internal trade documents seen by Reuters....

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Nigeria Struggles To Sell Its Crude

Oil Price 19 Jun 2018

Nigeria is sitting on between 20 and 34 million barrels of unsold crude, Nigerian media report, quoting a Platts survey of tenders for July loadings ... This rally has now been reversed into a slide by a combination of geopolitical developments, notably the U.S.-China trade dispute, and the expectations that OPEC and Russia will soon begin to pump more oil. Apparently, some traders want to buy crude at even lower prices.… ... ....

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Crude steel production projects underway with 40% progress

Tehran Times 19 Jun 2018

TEHRAN- Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqini announced that several crude steel production projects have been specified in the country over the past five years that have 40-percent progress at the moment ... ....

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Major Turnaround in Crude Oil’s Price

Stockhouse 19 Jun 2018

Crude oil’s Friday’s huge daily decline was not followed by yet another daily slide, but by a profound reversal ... The above chart features the USO ETF, which is a proxy for the price of crude oil ... Moreover, please note that we don’t see such signal in case of crude oil, as far as the USO is concerned, we have a sell signal from the Stochastic indicator ... Forex & Oil Trading Strategist....

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Oil price dented by rising US-China trade tension

Business Day 19 Jun 2018

London — Oil fell on Tuesday as an escalating trade dispute between the US and China unleashed sharp sell-offs in many global markets ... Brent crude futures fell 20 US cents to $75.14 a barrel by 9.03am GMT, while US crude futures lost 72c on the day to trade at $65.13 a barrel ... Global oil demand will be revised downwards and, as such, oil will not be immune from all of the potential negative effects of international trade wars....

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Oil falls as flaring US-China trade dispute blunts risk appetite

Yahoo Daily News 19 Jun 2018

Oil fell on Tuesday as an escalating trade dispute between the United States and China unleashed sharp selloffs in many global markets. The crude price was also dented by expectations that producer group OPEC and partner Russia will gradually increase output in order to make up for involuntary losses in Venezuela and potential shortfalls from Iran, which is facing U.S ... crude futures lost 72 cents on the day to trade at $65.13 a barrel....

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Gold Prices May Rise as US, China Trade Spat Sinks Bond Yields

Stockhouse 19 Jun 2018

Gold prices may extend gains as Sino-US trade war sours sentiment Uneven US Dollar gains may be insufficient ......

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Nigeria:OPEC Report - Nigeria's Crude, Second Highest Valued in 2017 Reference Basket

All Africa 19 Jun 2018

[This Day] Abuja -Nigeria's Bonny light crude oil blend maintained an average spot price of $54.55 per barrels in 2017 to become the second most valued crude oil blend in the oil price reference basket of the Organisation of Petroleum Exporting Countries (OPEC), a 2018 Annual Statistical Bulletin (ASB) of the OPEC has disclosed ... ....

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Nigeria:Crude Oil Prices to Decline to $68 a Barrel in 2019

All Africa 19 Jun 2018

[Guardian] The United States' Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $71 per barrel in 2018 and $68 a barrel in 2019. Meanwhile, Nigeria's Bonny Light crude oil has maintain an international price of $73.44 per barrel, higher than the Organisation of the Petroleum Exporting Countries (OPEC) basket price of $73.35 per barrel ... ....

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Oil falls on escalating US-China trade dispute, rising output

Arabnews 19 Jun 2018

Oil prices fell on Tuesday as an escalating trade dispute between the United States and China triggered sharp sell-offs in many global markets. Crude was also weighed down by expectations that producer group OPEC and key ally Russia will gradually increase output The United States and China are threatening punitive tariffs on each other’s exports, which could include oil supplies, resulting in stock market sell-offs on Tuesday....

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Oil falls on US-China trade war and Opec’s likelihood of increasing supply

Business Day 19 Jun 2018

New York — Oil fell on Tuesday ahead of a possible increase in oil cartel Opec crude supply, and as an escalating trade dispute between the US and China unleashed sharp sell-offs in many global markets. Brent crude futures eased 60c, or 0.8%, to $74.74 a barrel by 3.31pm GMT, while US West Texas Intermediate (WTI) crude futures fell $1.01, or 1.6%, to $64.84 a barrel....

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Oil Falls on US-China Trade Dispute, Rising Output

This Day 19 Jun 2018

Oil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and China triggered sharp selloffs in many global markets. Crude was also weighed down by expectations that producer cartel OPEC and key ally Russia will gradually increase output ... Brent crude futures LCOc1 were at $74.69 per barrel at 0646 GMT, down 65 cents, or 0.9 percent, from their last close....

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