Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
LONDON Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep rise in output, the International Energy Agency said on Thursday.
LONDON U.S. oil exports are pouring into the market at a record pace, but the world's second largest crude trader Glencore believes demand will be strong enough to absorb the volumes along with those from competitors in the North Sea and West Africa, thanks in part to China. U.S. oil exports hit an all-time high near 2 million barrels per day (bpd) last month, equal to the daily output of the entire North Sea, joining the fight for market share from Poland to India, but Glencore's head of oil trading Alex Beard says demand for crude is strong enough to take the extra barrels without excessive pain.
LONDON U.S. oil output could be set for a last spike in 2018 before growth flattens for a number of years as rising costs make a big chunk of production uneconomic, the head of top oil trader Vitol, Ian Taylor, told Reuters.
LONDON One of the world's largest oil traders, Gunvor Group, plans to grow via ventures and could acquire stakes in businesses such as shipping or refining with partners, its founder Torbjorn Tornqvist told Reuters.
LONDON, Oct 4 A recovery in U.S. crude exports and falling European refining margins have sent prices of North Sea barrels tumbling, which may encourage traders to keep oil in storage and could undermine OPEC's efforts to drain inventories.
LONDON When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100 (74.78 pounds).
LONDON A potential squeeze on oil supply if Kurdish crude flows suffer disruption after the region's independence vote has pushed Brent futures' premium over rival benchmarks to multi-year highs.
LONDON Oil investors seem to buy the idea that recovery is finally underway after three years of gluts, but a price boom seems unlikely as the options market shows that at least until OPEC's supply deal expires, producers will pounce on any rallies.
LONDON Oil slipped to one-week lows Monday, as several OPEC and non-OPEC ministers met to discuss a pact to curb oil output but the prospect of the group delivering deeper cuts grew more distant.
LONDON Many of last year's most successful oil market bulls have seen their winnings dissolve in the first half of this year, as the crude price has wallowed below $50 a barrel despite output cuts by some of the world's largest producers.
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