Asian buyers of liquefied petroleum gas are already paying for disruptions half a world away in Texas as record rainfall halted shipments of propane and butane from ports that handle more than 90 per cent of US exports to the region. Read Article  +

Hurricane Harvey is sending pump prices higher for USA motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of us refining capacity. Read Article  +

Hurricane Harvey dealt a powerful blow to oil production in Texas and the Gulf of Mexico. Normally, that would spark fears of a supply crunch and lift the price of oil. Yet the opposite is happening. Read Article  +

The price of crude oil fell again this morning as devastating floods continued to batter the oil city of Houston, Texas. Read Article  +

Crude markets are faced with contrasting push and pull. In the short term, markets are keeping a close eye on the possible debt default by Venezuelan oil giant Petroleos de Venezuela SA (PDSVA). This could help prop up the oil market prices. Read...  +

Oil prices advanced Friday in volatile trading, as investors tried to gauge the impact of a hurricane hurtling toward the Texas coast. Read Article  +

U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by cutting production. Yet, there may be another factor that could bring down oil price...  +

Oil prices dipped on Friday as part of a broad-based sell-off across markets, and despite signs that crude markets are gradually tightening. Read Article  +

Libya and Nigeria, which are exempt from Opec production cut agreement, will struggle to increase their production in the coming months due to technical difficulties as well as due to security situation prevailing in both the countries, analysts s...  +

Ten days ago the world’s largest active oil tanker, the TI Europe, pulled into the Chinese port of Ningbo to deliver its cargo of more than 3m barrels of Middle Eastern crude. Read Article  +