Brent crude Tag

The US oil sector has taken a hammering after huge floods across Texas caused by tropical storm Harvey forced several refineries in the region to close, knocking down global oil prices. US West Texas Intermediate (WTI) stocks were down 2.7% at US$46.57 a barrel on Monday,...

S&P Global Platts plans to overhaul its current Brent crude oil benchmark for the first time in a decade, with the addition of Norway’s Troll grade oil in January 2018. Norway’s Troll crude will be added to the four existing crudes that comprise the oil pricing...

Global oil prices took a tumble yesterday as an OPEC report predicted stability would only return to the market in the second half of 2017. This announcement comes just a week after the International Energy Agency (IEA) reported that markets would balance out before the start...