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US Crude Oil Futures Plunge to 1986 Low on Scant Storage, Weak Demand

2020-04-20 18:00:00| OGI

U.S. crude futures hit a low of $10.01/bbl, the lowest since 1986. Analysts said the sell-off was exaggerated by the contract's imminent expiry.

Tags: low storage oil demand

 

Is Crude Oil Storage on Vessels the Answer?

2020-04-01 18:00:00| OGI

As demand for crude oil falls and storage tanks around the world fill up, there is a temptation to turn to tankers for storage.

Tags: the answer storage oil

 
 

Booking Frenzy Sends Oil Tanker Rates Soaring As OPEC Opens Crude Taps

2020-03-12 15:37:53| OGI

Freight charges from the Middle East to China doubled overnight.

Tags: rates oil opens booking

 

Saudi Arabia Slashes April Crude Oil Prices After OPECs Supply Pact Collapsed

2020-03-08 03:45:31| OGI

Saudi Arabia slashed its official selling price (OSP) for April for all its crude grades to all destinations, after OPECs oil supply cut pact with Russia fell apart on March 6, sending oil into a tailspin.

Tags: april prices supply oil

 

68% of primary energy imports to US in 2018 was crude oil; 48% of US energy exports were petroleum products

2020-02-18 10:55:34| Green Car Congress

Tags: us were products primary

 

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