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Crude oil market outlook
The North Sea crude oil market showed mixed signals May 15, while steady buying is seen in the Middle East sour crude market....Read More »
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US BOEM director defends Shell Arctic drilling decision
Faced with intense opposition from environmentalists, the director of the
US Interior Department's Bureau of Ocean Energy Management defended the
administration's conditional approval of Shell's plans to drill in the Arctic
this summer, a decision she indicated was based on both federal statute and,
partly, national security.
OPEC oil exports expected to rise 360,000 b/d in 4 weeks to June 6: analyst
OPEC's crude oil exports, excluding those from Angola and Ecuador, are
expected to average 23.95 million b/d over the four weeks to June 6, up
360,000 b/d from the previous four-week period, UK-based tanker tracker Oil
Movements said Thursday.
Front-month NWE gasoline crack at 2-month high on arbs to US, Asia
The front-month Northwest European Eurobob gasoline crack swap rallied to
a two-month high Wednesday, as the European markets tracked surges in US and
Asian gasoline markets, with arbitrages open in both directions.