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4 days ago | 
bloomberg.com | Jennifer Creery |Sherry Su
Arrivals at Heathrow Airport in London. (Bloomberg) -- The British government seeks to tighten visa requirements to curb the number of workers arriving through legal routes, as Prime Minister Keir Starmer attempts to address dissatisfaction over immigration that has led to growing support for the populist Reform UK party.
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2 weeks ago | 
bloomberg.com | Grant Smith |Sherry Su |Yongchang Chin
The OPEC logo. (Bloomberg) -- Oil traders expect Saudi Arabia to steer OPEC+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel’s errant members. Key OPEC+ members will probably agree to hike output in June by significantly more than the scheduled amount when they hold a video conference on May 5, according to roughly 60% of traders and analysts surveyed by Bloomberg.
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2 weeks ago | 
nz.finance.yahoo.com | Grant Smith |Sherry Su |Yongchang Chin
Grant Smith, Sherry Su and Yongchang Chin Wed, 30 Apr 2025, 2:44 am 3 min read In this article: (Bloomberg) -- Oil traders expect Saudi Arabia to steer OPEC+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel’s errant members.
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2 weeks ago | 
finance.yahoo.com | Grant Smith |Sherry Su |Yongchang Chin
Unlock stock picks and a broker-level newsfeed that powers Wall Street. Grant Smith, Sherry Su and Yongchang Chin Wed, Apr 30, 2025, 3:44 AM 3 min read In This Article: (Bloomberg) -- Oil traders expect Saudi Arabia to steer OPEC+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel’s errant members.
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1 month ago | 
rigzone.com | Alex Longley |Sherry Su
A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped, prompting market participants to suggest that one or more traders had been forced to close out big loss-making positions.
More than 108,000 so-called Dated to Frontline swaps traded on the ICE Futures Europe exchange on Friday, data from the bourse show. That’s the highest since at least 2015, far exceeding 68,000 contracts that were transacted in June last year.
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1 month ago | 
bloomberg.com | Alex Longley |Sherry Su
A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped, prompting market participants to suggest that one or more traders had been forced to close out big loss-making positions. More than 108,000 so-called Dated to Frontline swaps traded on the ICE Futures Europe exchange on Friday, data from the bourse show. That’s the highest since at least 2015, far exceeding 68,000 contracts that were transacted in June last year.
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2 months ago | 
bloomberg.com | Serene Cheong |Sherry Su |Alfred Cang
Mercuria Energy Group Ltd. has hired oil traders Naoaki Matsuo and Thibault Drillon from the trading arm of French oil major TotalEnergies SE to join its expanding energy team, according to people with knowledge of the matter. The duo will start in the middle of 2025, the people said, asking not to be named as the information isn’t public. Matsuo and Drillon will be focused on areas including physical Middle East crude and paper markets.
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Feb 11, 2025 | 
gcaptain.com | Sherry Su |Rakesh Sharma |Mike Schuler
By Sherry Su and Rakesh Sharma (Bloomberg) —An oil tanker carrying crude from a Russian producer that was recently sanctioned by the US has been floating off West Coast of India for two days, raising a question about whether authorities in the south Asian country will allow the vessel to deliver its cargo. The Cordelia Moon originally planned to discharge at Vadinar on India’s west coast on Feb.
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Feb 11, 2025 | 
bloomberg.com | Sherry Su |Rakesh Sharma
An oil tanker carrying crude from a Russian producer that was recently sanctioned by the US has been floating off West Coast of India for two days, raising a question about whether authorities in the south Asian country will allow the vessel to deliver its cargo. The Cordelia Moon originally planned to discharge at Vadinar on India’s west coast on Feb. 9 after loading about 1 million barrels of Urals crude from Russia’s Black Sea port of Novorossiysk Jan.
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Feb 6, 2025 | 
bloomberg.com | Sherry Su |Alex Longley
European crude prices have slumped to multimonth lows as the continent’s refineries start to take plants offline for regular maintenance, another cloud hanging over an oil market that’s largely wiped out its year-to-date gains. Values are falling from the North Sea to the Mediterranean. A grade of Kazakh oil sank to the lowest in more than two years last week, while the UK’s Forties crude that helps to set the benchmark price for barrels around the globe traded at its weakest since May.
