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Charted: How China Reshaped Global Oil Trade Over the past three decades, the geography of global crude oil trade has been fundamentally … Source
The Persian Gulf exported 16.4 million barrels of crude per day in 2024, with its single largest flow of 5.1 Mb/d heading to China.
At 10:02 am on Thursday, Brent oil futures were at $70.83, down 1.03%, while WTI crude oil futures were at $67.84, down 1.08%
See how global crude oil trade has shifted since 1990, with China and India driving import growth and North America becoming a net exporter.
The outsized profits on offer for getting cargo out are drawing wide-ranging interest — from established players in the oil market to relative newcomers.
The oil market is on course for its fourth consecutive week of decline as flows through the Strait of Hormuz continue to normalise, a commodities report said
Dubai: Gulf Mercantile Exchange (GME) today announced the highest weekly trading volume in the history of the exchange, with more than 69052 contracts traded during the week of 11....
CME Group to launch 10-barrel contract after Iran war triggers rush of bets on crude prices
Reports suggesting progress toward reopening the Strait of Hormuz, a critical global oil shipping route, eased fears of supply disruptions and triggered a sharp selloff in oil futu...
Reports suggesting progress toward reopening the Strait of Hormuz, a critical global oil shipping route, eased fears of supply disruptions and triggered a sharp selloff in oil futu...
(BOE Report) – French oil major TotalEnergies made the decision to buy large amounts of Middle East crude in March after its […]
The near-standstill at the Strait of Hormuz has forced countries to get much-needed energy products via routes that were relatively quiet only a few months ago.
Brent crude futures fell $1.50, 1.99%, to $73.76 a barrel; US West Texas Intermediate fell $1.49,2.07%, to $70.43
Markets appear to be disconnecting from some of the traditional risk drivers today. Both the NASDAQ and S&P 500 have surrendered earlier gains and slipped into negative territo...
Crude oil futures are under sharp pressure today, with Light Crude Oil Futures trading near $91.79, down about 4.98%. The move matters not only for oil traders, but also for consum...
Brent futures traded just above $72 a barrel, while West Texas Intermediate was below $69, with volumes depressed due to the US Independence Day holiday
The United States Oil Fund (USO), the ETF that best tracks oil prices, offers equity options traders a liquid, accessible alternative to the complexities of the futures market.
Persian Gulf nation expresses interest in supplying crude oil and refined products, including LPG, to India
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