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Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations

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Oil Prices Rebound As Saudis Reassure Markets

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- U.S exports of total petroleum products hit a record high in 2018, averaging 5.6 million barrels per day, which was up 366,000 bpd from a year earlier.

- The three largest product exports were distillates, propane and motor gasoline.

- Mexico was the single largest buyer of distillates and gasoline, while Japan was the largest buyer of propane.

Market Movers

• Petrobras (NYSE: PBR) plans on raising $20 billion through the sale of eight of its refineries, according to Reuters.

• Occidental Petroleum (NYSE: OXY) was cut to Hold by Jefferies, which cited “risky” battle for Anadarko Petroleum (NYSE: APC). Chevron (NYSE: CVX) is also seeking to buy Anadarko.

• Diamond Offshore (NYSE: DO) saw its share price sink more than 6 percent on Monday after reporting first quarter earnings, which saw a 21 percent year-on-year decline in revenues.

Tuesday, April 30, 2019

Oil rebounded on Tuesday after two days of declines, pushed higher by turmoil in Venezuela and…





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