Frank Tang

New Jersey

Senior Editor at Oil Price Information Service (OPIS)

Senior Editor @OPIS, a Dow Jones Co. Covering petroleum. Proud husband, dad, family’s uber driver; weekend hockey player, youth soccer referee.

Articles

Nymex Overview: Petroleum Futures Gain on Renewed Optimism Over Trade Talks - OPIS

1 week ago | tradingview.com | Frank Tang |Jeff Barber

Nymex Overview: Petroleum Futures Gain on Renewed Optimism Over Trade Talks — OPISCrude oil and refined product futures were solidly higher at midday Thursday on optimism that a meeting of U.S. and Chinese officials could lead to a trade agreement between the world's two largest economies. The NYMEX June West Texas Intermediate oil contract was up by about $1.85 to $59.90/bbl at noon ET, and July WTI was also $1.85 higher at $59.55/bbl.
Nymex Overview: Oil Futures Dip Ahead of U.S. Interest Rate AnnouncementOPIS

1 week ago | tradingview.com | Frank Tang |Jeff Barber

Nymex Overview: Oil Futures Dip Ahead of U.S. Interest Rate AnnouncementOPISCrude oil futures were modestly lower midday Wednesday, as traders await an afternoon interest rate policy statement from the U.S. Federal Reserve. The Nymex June West Texas Intermediate contract was down by 70cts to $58.40 at about 11:45 a.m. ET and the July WTI contract was off by about the same amount to $58/bbl. The July Brent contract was 75cts lower at $61.40/bbl and August Brent was down by 70cts to $61.05/bbl.
NYMEX Overview: Oil Takes Breather After Sell-Off; Oversupply Risks in FocusOPIS

2 weeks ago | tradingview.com | Frank Tang |Michael Kelly

NYMEX Overview: Oil Takes Breather After Sell-Off; Oversupply Risks in FocusOPISCrude oil prices were mostly flat by midday Thursday, regaining its footing after three consecutive days of sharp losses as market participants assessed oversupply risks due to higher OPEC+ production and U.S. recession worries. At noon ET, June NYMEX West Texas Intermediate crude futures were unchanged at around $58.20/bbl, and July WTI was also flat at about $57.65/bbl.
Nymex Overview: Oil Futures Take Breather as U.S. Tariffs, OPEC+ Supply in FocusOPIS

3 weeks ago | tradingview.com | Frank Tang |Michael Kelly

Nymex Overview: Oil Futures Take Breather as U.S. Tariffs, OPEC+ Supply in FocusOPISPetroleum futures traded mostly flat by midday Thursday trading, as the market regained some of its footing after the previous day's volatile decline, with energy participants closely monitoring possible new developments of OPEC+ production policies and U.S. tariffs.
Nymex Overview: Oil, Product Futures Retreat on Talk of OPEC+ Supply HikeOPIS

3 weeks ago | tradingview.com | Frank Tang |Michael Kelly

Nymex Overview: Oil, Product Futures Retreat on Talk of OPEC+ Supply HikeOPISPetroleum futures fell broadly by midday Wednesday as a report of a possible output hike by OPEC and its allies more than offset U.S. data showing decent drawdowns of refined product stockpiles last week. At noon ET, June NYMEX West Texas Intermediate crude futures were off by around $1.65 to $62.05/bbl, and July WTI dropped by $1.55 to $61.35/bbl.
China appoints new trade representative as US tariff war heats up

3 weeks ago | thestar.com.my | Frank Tang |Alice Li |Frank Chen

China appointed a new international trade representative at the Ministry of Commerce (Mofcom) on Wednesday amid an unprecedented trade war with the United States. Li Chenggang will replace 59-year-old Wang Shouwen, who participated in negotiations over the 2020 trade deal between the world’s two largest economies, according to a government statement.
Breaking | China appoints new trade representative as US trade war heats up

1 month ago | scmp.com | Frank Tang

Li Chenggang will replace Wang Shouwen as China’s top international trade negotiator, according to a government statementPublished: 11:38am, 16 Apr 2025China appointed a new international trade representative on Wednesday amid an unprecedented trade war with the United States. Li Chenggang was appointed to replace Wang Shouwen, who participated in the trade negotiations for the 2020 trade deal between the world’s two largest economies, according to a government statement. More to follow...
China appoints new trade representative as US tariff war heats up

1 month ago | msn.com | Frank Tang

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Nymex Overview: WTI Hits Four-Year Low as Trade War, Demand Fears MountOPIS

1 month ago | tradingview.com | Frank Tang |Michael Kelly

The West Texas Intermediate crude contract fell more than $2 by midday Wednesday, as intensifying fears of a global trade war and lower petroleum demand expectations sent the U.S. oil benchmark to its lowest level in more than four years. At noon ET, May WTI fell $2.30 to $57.30/bbl, on track for a fifth session of sharp declines and to settle at its lowest since Feb. 5, 2021. June WTI was about $2.25 lower at $56.85/bbl. WTI has lost around $14, or 20%, since its April 2 settlement of $71.71/bbl.
Chevron to Cut 600 Jobs in California, 700 in Houston by End of This YearOPIS

1 month ago | tradingview.com | Frank Tang |Michael Kelly

Chevron to Cut 600 Jobs in California, 700 in Houston by End of This YearOPISCVXChevron expects to slash about 600 jobs in San Ramon, Calif., and around 700 in downtown Houston by the end of this year as part of its plans to restructure the company and cut costs, a spokeswoman said on Friday. In an email statement, the spokeswoman said the layoffs are part of Chevron's plan to simplify its operating model and position the Houston-based integrated energy company for long-term competitiveness.