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Market Spotlight



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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 »

Oil

  • 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.

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