Warren Buffett's Pilot Co is shuttering its international oil trading business, ending an excursion into the trillion-dollar ...

“As these nations seek alternative barrels, the spot and physical [oil] markets have tightened, particularly in the short to medium term.” February West Texas Intermediate crude settled Wednesday at ...

Glencore is expected to play an increasingly active role in the physical oil market. The commodity trading giant has already begun procuring Middle Eastern crude for use at the Pulau Bukom refinery.

Tightness in physical oil markets has been a boost for crude desks at trading houses that endured a tough 2024 when range-bound prices and sufficient supply led to lackluster opportunities for ...

LONDON (Reuters) -Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in ...

Freight costs have surged, and US physical pricing patterns have also ... halt to a 15 months-long conflict that has roiled global oil trading. Markets shrugged off the report, with traders ...

Millions of barrels of oil that would normally be preserve of oil refineries in Europe are instead heading to Asia as US sanctions on Russia revive one of the market’s great arbitrage trades.