Crude Oil

Crude Oil

Oil Rises for Third Day as Interest Rate Concerns Ease

Brent crude rose 80 cents, or 1%, to $84.49/bbl, while U.S. WTI crude climbed 93 cents, or 1.2%, to $78.07.

February 8, 2023

Crude Oil , Health, Safety & Environment

BP Azerbaijan Declares Force Majeure on Crude Loadings from Turkey's Ceyhan Port

Turkey was struck with a series of deadly earthquakes on Feb. 6, leading to a temporary suspension of BP Azerbaijan loading operations.

February 8, 2023

Crude Oil , International

Fire Breaks Out at Russian Oil Refinery Near Ukrainian Border

The blaze is said to have been caused by a "violation of technological process."
 

February 8, 2023

Crude Oil , International

Colombia Oil Output Down by 49,500 bbl/d on Roadblock, Companies Say

A roadblock between Puetro Gaitan and Rubiales is preventing Colombian fuel from reaching oil operations, negatively impacting over 5,332 oil workers and their families.

February 6, 2023

Crude Oil

Oil Prices Edge Higher, Growth Worries Limit Gains

Supply concerns continue as Feb. 6 earthquake halts Turkey oil terminal operations.  

February 6, 2023

Crude Oil

What's Affecting Oil Prices This Week? (Feb. 6, 2023)

Stratas Advisors maintained the view that Brent crude futures will remain in the $80/bbl to $90/bbl range following OPEC+'s Joint Ministerial Monitoring Committee meeting on Feb. 1.

February 6, 2023

Crude Oil , Trade , International

Russia Fuel Oil Heading East as EU Embargo Takes Hold

Traders have diverted oil cargoes to Asia and the Middle East in the wake of the EU's full embargo of Russian oil products, which went into effect on Feb. 5.

February 6, 2023

Crude Oil , Trade

Iraq's January Production Falls 100,000 bbl/d Below OPEC+ Quota, SOMO Says

Iraq plans to temporarily shut its West Qurna 2 oilfield for maintenance, but it is not expected to affect the country's oil exports.

February 6, 2023

Crude Oil , International

Oil Surges After Strong U.S. Jobs Data

The EU's ban on Russian refined products will begin Feb. 5 with Russia saying it will unbalance markets.

February 3, 2023

Crude Oil , Trade , International

Western Sanctions Push Russia's Energy Revenues to Lowest Level Since 2020

The west was previously Russia's largest energy market but has sanctioned its energy exports since the country's invasion of Ukraine.

February 3, 2023