Oil prices surged on Thursday on signs that the global economy is moving toward a slow reopening. Inventory data also indicated that storage demand for the commodity is rising slower than expected.

Iran is racing to get its oil out into the world, a sign of the unusual logistical steps that Tehran is undertaking as the US ...

The worst of the crude-oil supply glut may not be over. In the last few weeks, sentiment about the oil market has improved. This happened, in part, after supply disruptions hit Nigeria and Canada.

One sign of a glut: The volume of oil placed on ships to wait for better days has grown by about 25 percent in March. According to Mr. Booth, about 81 loaded tankers — an unusually high number ...

Demand is soaring for oil storage tanks in Singapore, in a sign that a flood of Russian fuel is being blended and re-exported globally. Tank space in the city state is being snapped up due to a ...

"EIA crude oil storage has been lower for six weeks in a row, with refiners trying to keep up with distillate demand," and with year-end crude inventory management for tax purposes, "it should ...

Rising global oil inventories through April due to soft fuel demand may strengthen the case for OPEC+ producers to keep supply cuts in place when they meet on June 2, OPEC+ delegates and analysts say.

The oil market is running out of storage space and production cuts loom Oil storage in the U.S. may fill up by May, globally by June: analysts Published: April 21, 2020 at 4:25 p.m. ET ...

South Korea's state-run Korea National Oil Corp (KNOC) said on Monday that it has signed an oil storage agreement with Saudi Arabia's oil giant Aramco to reserve 5.3 million barrels for five years.