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Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $62.53 per barrel, up from Friday’s close at $61.72.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.46.
Fxstreet
31 minutes ago
Bahrain's Bapco sees expanded plant up in Q4, seeks heavier crude and more LNG
By Trixie Yap SINGAPORE, Sept 8 (Reuters) - Bahrain's state oil firm Bapco Energies hopes to commission its Sitra refinery expansion by the fourth quarter of this year, said its group chief strategy officer, Alexander van Veldhoven, at the Asia Pacific Petroleum Conference on Monday.The expan...Reuters
31 minutes ago
RPT-COLUMN-OPEC+ output hike boosts Saudi market share and political capital: Bousso
OPEC+ to increase production target by 137,000 bpd in OctoberGroup's actual output unlikely to grow much as some members exceed quotasMove allows Saudi Arabia to increase market shareBy Ron Bousso LONDON, Sept 8 (Reuters) - OPEC+’s surprise announcement that it will further accelerate oil pro...Reuters
34 minutes ago
TABLE-North Sea gas maintenance schedule: Adds Nyhamna outage
Sept 8 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
38 minutes ago
Access to X, YouTube other online platforms restricted in Turkey, internet monitor says
ISTANBUL, Sept 8 (Reuters) - Netblocks, a global internet monitor, said on Monday that access to online platforms including X, YouTube, Instagram, Facebook, TikTok and WhatsApp has been restricted in Turkey on multiple networks. Netblocks said the access blockage came as the main opposition Republic...Reuters
38 minutes ago
New sanctions on Russian oil buyers to disrupt flows, says trader Gunvor
By Florence Tan and Mohi Narayan SINGAPORE, Sept 8 (Reuters) - New sanctions on buyers of Russian oil could disrupt crude flows, energy trader Gunvor's GGL.UL global head of research and analysis, Frederic Lasserre, said on Monday.His comments came after U.S. President Donald Trump, who is se...Reuters
46 minutes ago
Oil shadow fleet grows on sanctions, Trafigura economist says
By Florence Tan and Jeslyn LerhSINGAPORE, Sept 8 (Reuters) - The shadow fleet of oil tankers has expanded following a slew of Western sanctions on Russia over its war in Ukraine, major trading house Trafigura's TRAFGF.UL chief economist, Saad Rahim, said on Monday.The shadow fleet is playing a k...Reuters
57 minutes ago
Bapco Energies eyes fourth quarter completion for refinery expansion
By Trixie YapSINGAPORE, Sept 8 (Reuters) - Bahrain's state oil firm Bapco Energies hopes to commission its Sitra refinery expansion by the fourth quarter of this year, said its group chief strategy officer, Alexander van Veldhoven, at the Asia Pacific Petroleum Conference on Monday.The expansion...Reuters
2 hours ago
Chevron to go 'investment heavy' in South Korea on refining, petrochemicals
Sept 8 (Reuters) - Chevron CVX.N expects to go "investment heavy" in South Korea on refining and petrochemicals, an executive with the U.S. oil major said at the Asia Pacific Petroleum Conference on Monday."So there'll be places like Korea where we go investment heavy in petrochemica...Reuters
2 hours ago
China soybean imports rise to record high for August
By Ella Cao and Lewis Jackson BEIJING, Sept 8 (Reuters) - China's soybean imports rose to their highest-ever level for the month of August, a Reuters calculation of customs data showed on Monday, as buyers snapped up large volumes from South America amid ongoing Sino-U.S. trade tensions. The...Reuters
2 hours ago
US solar installation forecast slashed due to Trump policies, report says
Sept 8 (Reuters) - The U.S. solar industry is at risk of installing 27% less capacity between 2026 and 2030 than before the passage of President Donald Trump's tax law that rolled back subsidies for such projects, a key trade group said in a report on Monday. WHY IT'S IMPORTANTThe forecast ...Reuters
3 hours ago
Oil prices gain as risks of sanctions on Russia offset OPEC+ output hike
8 members of OPEC+ to lift output from October by 137,000 bpd Russia hits Ukraine with biggest air attack of warTrump says European leaders will visit US to discuss Russia-Ukraine warBy Yuka Obayashi TOKYO, Sept 8 (Reuters) - Oil prices gained more than 1% on Monday, trimming some of last week...Reuters
3 hours ago
Trafigura economist says shadow fleet of oil tankers has expanded due to Russia sanctions
SINGAPORE, Sept 8 (Reuters) - The shadow fleet of oil tankers has expanded following a slew of Western sanctions on Russia over its war in Ukraine, Trafigura's TRAFGF.UL chief economist, Saad Rahim, said on Monday.The shadow fleet is playing a key role in keeping Russian crude flowing to buyers ...Reuters
3 hours ago
Goldman Sachs expects slightly larger oil surplus in 2026
Sept 7 (Reuters) - Goldman Sachs on Sunday forecast a slightly larger oil surplus in 2026, as supply upgrades in the Americas outweigh Russia's downgrade and any uptick in global demand outlook.The U.S. investment bank kept its 2025 Brent/WTI price forecasts unchanged, and projected 2026 average...Reuters
3 hours ago
METALS-London copper rises on US rate-cut bets; softer demand in China weighs
By Lucas Liew Sept 8 (Reuters) - Copper prices in London inched up on Monday, buoyed by growing expectations of a Federal Reserve interest rate cut after disappointing labour data strengthened the case for monetary easing, but softer demand in top consumer China capped gains.Three-month copper o...Reuters
3 hours ago
TECHNICALS-CBOT soybeans may retest support at $10.25-1/2
For more technical analyses, please click SINGAPORE, Sept 8 (Reuters) - The CBOT soybean November contract SX25 may retest support at $10.25-1/2 per bushel, a break below which could trigger a fall into $10.16-1/2 to $10.22 range. A wave (c) from $10.54-3/4 is likely to extend to $10.16-1/2, its 161...Reuters
3 hours ago
GRAINS-Corn futures ease ahead of US crop report; wheat slips, soybeans firm
BEIJING, Sept 8 (Reuters) - Chicago corn futures eased on Monday as traders adjusted positions before a closely watched U.S. government supply and demand report this week, while farmers prepare for what is expected to be a record harvest.The most active corn contract on the Chicago Board of Trade (C...Reuters
4 hours ago
S&P Global expects dated Brent crude to hit $55 per barrel by year-end
SINGAPORE, Sept 8 (Reuters) - Dated Brent crude prices are likely to fall to around $55 per barrel by year-end, an S&P Global executive said at the Asia Pacific Petroleum Conference on Monday.Brent crude futures LCOc1 were up about 0.5% on Monday at $65.84 per barrel after OPEC+ agreed over the ...Reuters
4 hours ago
