• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 12 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 12 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 19 mins Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 8 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 13 hours Solar Industry Lays Claim To The 2020s; Kicks Off The Solar+ Decade
  • 2 hours California Threatens Ban on ICE Cars
  • 20 hours Iran v USA the perfect fire triangle
  • 18 hours U.S. and Turkey
  • 10 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 9 hours Get First Access To The Oilprice App!
  • 1 day DUG Rockies: Plenty Of Promise, Despite The Politics
  • 1 day DeBlasio to Run for President
  • 2 hours How can Trump 'own' a trade war?
Alt Text

The 2 Energy Giants Reshaping The Middle East

Typical crude oil producers such…

Alt Text

Meet America’s Newest $9 Trillion Climate Change Solution

Democratic Presidential hopeful and Washington…

Alt Text

California Threatens Gasoline Car Ban

California might ban gasoline-powered cars…

Tom Kool

Tom Kool

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

More Info

Trending Discussions

Oil Prices Rebound As Saudis Reassure Markets

Investor Alert: For the first time ever, Oilprice.com is making its annual Top 50 Oil & Gas Companies report available to members. Sign up to Global Energy Alert today and find out who topped this year's rankings.

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

- 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 the insistence by Saudi officials that the OPEC+ production cuts would be extended in the second half of…

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News