Julia Fanzeres

New York

Oil Futures Reporter at Bloomberg News

retail reporter at Bloomberg @business | go blue | opinions are my own

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Articles

Oil Rises as Traders See Trump-Xi Call as Sign of Easing Tension

1 week ago | rigzone.com | Julia Fanzeres |Mia Gindis

Oil rallied as signs the US-China trade war may ease outweighed concerns about increased OPEC+ crude output. West Texas Intermediate rose 0.8% to settle above $63 a barrel after China’s official news agency reported that Presidents Donald Trump and Xi Jinping spoke over the phone. The conversation is injecting optimism that the leaders will find an off-ramp to a trade dispute that has threatened economic growth and fuel demand.
Oil Rises as Traders See Trump-Xi Call as Sign of Easing Tension

1 week ago | bloomberg.com | Julia Fanzeres |Mia Gindis

A flame burns from a stack at the oil processing facility at Saudi Aramco's Shaybah oil field in the Rub' Al-Khali desert, also known as the 'Empty Quarter,' in Shaybah, Saudi Arabia, on Tuesday, Oct. 2, 2018. Saudi Arabia is seeking to transform its crude-dependent economy by developing new industries, and is pushing into petrochemicals as a way to earn more from its energy deposits.
Ship carrying thousands of cars adrift in Pacific after catching fire

1 week ago | afr.com | Alex Longley |Julia Fanzeres |Myles Miller

Alex Longley, Julia Fanzeres and Myles MillerJun 5, 2025 – 8.41am or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? London | A ship carrying about 3000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire, highlighting a growing risk to the transportation of electric vehicles.
Oil Falls as Saudi Arabia Seeks More Major Production Hikes

1 week ago | rigzone.com | Mia Gindis |Julia Fanzeres

Oil fell on signs Saudi Arabia wants another major production increase, raising expectations that a glut of crude will form this year. West Texas Intermediate slid 0.9% to settle below $63 a barrel, paring losses of almost 2% after Bloomberg News reported that the de facto OPEC leader is open to additional significant output hikes in a bid for market share.
Ship Carrying EVs Abandoned in Pacific After Catching Fire

1 week ago | bloomberg.com | Alex Longley |Julia Fanzeres |Myles Miller

The Morning Midas cargo ship at a port in Mexico in April. (Bloomberg) -- A ship carrying about 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire Tuesday, highlighting a growing risk to the transportation of electric vehicles. The fire aboard the Morning Midas occurred approximately 300 miles south of Adak Island in Alaska, according to the US Coast Guard.
Oil Falls as Saudi Arabia Seeks More Major Production Hikes

1 week ago | bloomberg.com | Mia Gindis |Julia Fanzeres

The Deer Park Complex oil refinery and petrochemical plant, owned by Petroleos Mexicanos (PEMEX), in Houston, Texas, US, on Saturday, March 8, 2025. Some 40% of the crude oil processed at US refineries is imported, and Canada and Mexico, the No. 1 and No. 2 foreign suppliers of oil to the US, respectively, together deliver more than two-thirds of that oil.
Oil Slumps as US Confidence Dives

Feb 25, 2025 | rigzone.com | Julia Fanzeres |Jacob Wendler

Oil slumped along with equity markets as US consumer confidence tumbled, adding to mounting concerns that US President Donald Trump’s policies will hamper economic growth and sap energy demand. West Texas Intermediate fell 2.5% to settle below $69 a barrel at the lowest closing price this year. US consumer confidence dropped the most since 2021 and missed analysts’ estimates, prompting traders to flee risk assets, including equities.
Oil Holds Above $72 Amid Supply Uncertainty

Feb 20, 2025 | rigzone.com | Julia Fanzeres |Mia Gindis

Oil extended a string of marginal gains to settle above $72 a barrel amid uncertainty over global supplies and a slumping dollar that made commodities priced in the currency more attractive. Crude has risen for three straight sessions on the prospect of supplies tightening after the disruption of a key Kazakh pipeline and reports that OPEC+ may push back a planned production increase.
WTI Tops $72 Amid Crude Supply Concerns

Feb 19, 2025 | rigzone.com | Julia Fanzeres

Uncertainties about crude supplies from Russia, Kazakhstan and OPEC+ pushed oil prices higher. West Texas Intermediate edged above $72 a barrel, extending gains to the highest closing price in a week. The rally is being driven by a slew of crude supply concerns from across the Atlantic and with a key technical level providing a floor for losses. OPEC+ is considering pushing back its planned output increase due in April, potentially the fourth time it has delayed bringing back production.
Oil Settles Higher as OPEC Weighs Supply Delay

Feb 18, 2025 | rigzone.com | Julia Fanzeres

Oil snapped a three-session losing streak to settle near $72 a barrel after OPEC+ delegates said the cartel may postpone supply increases set to begin in April. It would be the fourth time the Saudi Arabia-led producer group has delayed plans to revive output. That’s eased worries about a supply surplus developing this year.