Business

Crude oil prices crater on oversupply concerns, stronger dollar

The oil complex settled sharply lower on Tuesday after a bearish OPEC report exacerbated market… …read more Read more here:: https://www.platts.com/latest-news/oil/Houston/Crude-oil-prices-crater-on-oversupply-concerns-10673803 Learn more

US gives Iraq 45-day sanctions waiver to limit power shortages: State Department

The US granted Iraq a 45-day waiver to sanctions on dealing with Iran to allow… …read more Read more here:: https://www.platts.com/latest-news/oil/Washington/US-gives-Iraq-45-day-sanctions-waiver-to-limit-10673802 Learn more

Glencore delays start of operations at Tuxpan port fuel terminal by more than a year to Q3 2020

The start of operations at Glencore’s planned 1.5 million barrel fuel terminal at the Mexican… …read more Read more here:: https://www.platts.com/latest-news/shipping/MexicoCity/Glencore-delays-start-of-operations-at-Tuxpan-10673788 Learn more

Brazil’s Senate to vote on transfer-of-rights bill November 27

Brazil’s Senate will vote November 27 on a bill that would allow state-run oil company… …read more Read more here:: https://www.platts.com/latest-news/oil/RiodeJaneiro/Brazils-Senate-to-vote-on-transfer-of-rights-10673664 Learn more

Crude oil futures sink as oversupply concerns dominate market; ICE Brent down to $67.39/b, NYMEX WTI $57.51/b

Crude oil futures sank in midmorning trading Tuesday after a reduced outlook for global oil… …read more Read more here:: https://www.platts.com/latest-news/oil/NewYork/Crude-oil-futures-sink-as-oversupply-concerns-26046090 Learn more

World risks over-reliance on US shale to plug oil supply gap: IEA

The world risks relying too much on US shale to fill a looming supply gap… …read more Read more here:: https://www.platts.com/latest-news/oil/London/World-risks-over-reliance-on-US-shale-to-plug-26045981 Learn more

IEA’s Birol urges OPEC to ‘behave’ responsibly and maintain ‘comfortable’ oil market

OPEC and other key oil producers should “behave responsibly” to ensure continued “comfortable” market conditions… …read more Read more here:: https://www.platts.com/latest-news/oil/London/IEAs-Birol-urges-OPEC-to-behave-responsibly-and-26045960 Learn more

SeaBird Takes Delivery of Eagle Explorer from CGG

SeaBird Exploration has taken delivery of the Geowave Voyager vessel from CGG and renamed it Eagle Explorer. SeaBird acquired Geowave Voyager and certain seismic equipment earlier this year for a… [[ This is a content summary only. Visit my website Learn more

No clear reason for bunker fuel-related engine failures: CIMAC

No clear reason has been found for the spate of bunker-fuel related engine failures on… …read more Read more here:: https://www.platts.com/latest-news/shipping/London/No-clear-reason-for-bunker-fuel-related-engine-26045935 Learn more

Factbox: Key oil forecasts from the IEA’s World Energy Outlook

The International Energy Agency on Tuesday published its latest World Energy Outlook, containing closely watched,… …read more Read more here:: https://www.platts.com/latest-news/oil/London/Factbox-Key-oil-forecasts-from-the-IEAs-World-26045911 Learn more