George Orwel

DTN Energy Reporter
George Orwel

George Orwel has covered energy markets since the summer of 1998, initially reporting on Latin American oil markets before moving on to cover U.S. spot oil market, corporate earnings and refinery outages at Dow Jones Newswires. He covered oil futures market and Mideast oil exports as a senior reporter at Oil Daily and Petroleum Intelligence Weekly from 2004 to 2007. He joined DTN in the summer of 2008 as a reporter, covering oil and ethanol markets. He graduated from Columbia University with an MS in journalism in 1996.

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  • Oil Futures Retreat on Profit-Taking

    New York Mercantile Exchange oil futures settled slightly lower Wednesday after seesawing on either side of unchanged during most of the session, pulling back amid profit-taking ahead of a crucial meeting of the world's leading oil...

  • Oil Mixed in Early Wednesday Trade

    Oil futures were mixed Wednesday morning ahead of an oil report from the U.S. EIA due out at 10:30 AM ET that's expected to show stock draws for crude oil and refined product inventories during the week-ended May 19.

  • Oil Futures Mixed Before API Data

    New York Mercantile Exchange oil futures settled mixed Tuesday afternoon after a choppy session.

  • Oil Futures Settle at 4-Week Highs

    The full slate of New York Mercantile Exchange spot-month oil futures settled at their highest levels in a month on Monday afternoon, with the expiring June West Texas Intermediate crude futures contract completing its...

  • Oil Futures Rally on Prolonging Cuts

    New York Mercantile Exchange oil futures rallied Friday on expectations the Organization of Petroleum Exporting Countries will agree at a meeting next week to prolong production cuts beyond June.

  • Oil Futures Settle Higher

    New York Mercantile Exchange oil futures settled higher Thursday after shaking off early weakness, supported by a recovery in equities and tightening supply in front of next week's summit by the Organization of the Petroleum...

  • Oil Futures End Mixed

    New York Mercantile Exchange spot-month oil futures settled mixed Wednesday afternoon, with RBOB futures reversing from a three-week high to end little changed amid worry seasonal demand for gasoline remains sluggish...

  • Oil Futures Higher Ahead of EIA Data

    New York Mercantile Exchange spot-month oil futures were slightly higher Wednesday morning ahead of the Energy Information Administration's Weekly Petroleum Status Report that's expected to show crude oil and refined oil product...

  • Oil Higher in Tuesday Trade

    Oil futures were higher Tuesday morning although holding inside of Monday's trade range, supported by a new bullish supply and demand outlook from IEA and expectations OPEC would prolong their ongoing crude oil production cuts...

  • Oil Futures Up on OPEC-Inspired Rally

    New York Mercantile Exchange oil futures settled off fresh highs after rallying on news Saudi Arabian and Russian energy ministers have agreed to prolong their ongoing crude oil production cuts through the first quarter of 2018.

  • Oil Extends Gains in Friday Trade

    Oil futures extended gains Friday morning following a two-day rally amid hope the oil market would tighten if domestic crude oil stocks continue to be drawn down with improving fuel demand, while OPEC and 11 non-OPEC producers are...

  • Oil Futures Settle Up

    New York Mercantile Exchange spot-month oil futures settled higher Thursday for the second straight day.

  • Oil Futures Higher on Crude Stock Draw

    New York Mercantile Exchange spot-month oil futures settled higher Wednesday afternoon, with the West Texas Intermediate crude futures contract posting the biggest one-day gain so far this year as the Energy Information...

  • Oil Futures Rally on Bullish EIA Report

    New York Mercantile Exchange spot-month oil futures rallied to fresh highs after the Energy Information Administration released U.S. data showing larger-than-expected stock draws for crude oil and distillate fuels and a...

  • Oil Settles Lower Tuesday

    Oil futures ended lower Tuesday afternoon amid a stronger U.S. dollar and growing concerns over the persistent bearish global supply and demand fundamentals, and ahead of an industry report on U.S. petroleum supplies during the...

  • Oil Retreats in Tuesday Trade

    Oil futures reversed lower Tuesday morning on the back of a stronger U.S. dollar, growing concerns over soft demand and fresh doubts OPEC and their non-OPEC allies would expedite the rebalancing of the global oil market.

  • Oil Settles Higher Monday

    Oil futures settled higher Monday afternoon after Saudi Arabia's energy minister Khalid al-Falih said OPEC and their 11 non-OPEC allies may extend their oil output cuts through 2018, which is more than the six-month extension the...

  • NYMEX Oil Futures Little Changed

    New York Mercantile Exchange spot-month oil futures were little changed at the start of a new trade week Monday morning after trading mixed overnight, with June West Texas Intermediate crude, ULSD and RBOB futures attempting...

  • Oil Snaps 5-Day Losing Streak

    Oil futures snapped a five-day losing streak and settled higher Friday afternoon although the complex posted its biggest one-week loss since early March.

  • Oil Futures Stabilize on OPEC Talk

    New York Mercantile Exchange spot-month oil futures moved slightly higher Friday morning in a fragile attempt at recovery after Thursday's rout. A fresh focus is now on an afternoon report on this week's oil rig count.

  • Oil Futures Plummet on Technicals

    Spot-month West Texas Intermediate crude futures on the New York Mercantile Exchange plunged to a five-month low Thursday, taking down the rest of oil futures as oversupply worries triggered a major volley of technically-based...

  • Oil Plunges Lower Thursday

    Oil futures plunged Thursday morning with crude contracts punching through key technical support to the lowest levels since Nov. 30.

  • NYMEX Oil Futures End Higher

    New York Mercantile Exchange spot-month oil futures settled slightly higher Wednesday after a choppy session, with gains underpinned by technical support and higher demand for distillates, but the gains were curbed by soft...

  • NYMEX Oil Mixed After Bearish EIA Data

    New York Mercantile Exchange spot-month oil futures moved mixed Wednesday after the U.S. Energy Information Administration showed a smaller-than-expected crude oil stock draw and mixed data for refined products.

  • Oil Opens Higher Ahead of EIA Data

    Spot-month New York Mercantile Exchange oil futures posted modest gains Wednesday morning ahead of the release of the weekly petroleum report by the U.S. Energy Information Administration that is now expected to show stock draws.

  • Oil Closes Lower Tuesday

    Oil futures tumbled to fresh multi-week lows Tuesday afternoon amid a technical selloff triggered by renewed concern about excess global oil supply.

  • Oil Mixed in Tuesday Trade

    Oil futures moved shallowly mixed Tuesday morning after overnight gains as the U.S. dollar pared losses. The market is looking for direction after trading at fresh lows Monday while weighing expectations for a weekly U.S. crude oil...

  • Oil Settle Lower Monday

    Oil futures settled down on Monday with West Texas Intermediate crude posting the lowest settlement in nearly five weeks, as weak economic data prompted fresh questions about demand while supply continues to increase in the...

  • Oil Lower in Monday Trade

    Oil futures moved lower on Monday morning amid technical trading and concern about rising drilling activity and oil production in the United States that continued to overshadow efforts to bring down global crude oil supply to its...

  • Oil Settles Mixed Friday

    Oil futures settled shallowly mixed Friday afternoon, bringing the curtain down on April trading with the May West Texas Intermediate crude contract posting a modest session gain while lower on the week and the month.

  • Oil Higher in Friday Trade

    Oil futures moved higher Friday morning, rebounding from recent losses that pressed West Texas Intermediate crude and ULSD contracts to one-month lows and the RBOB contract to a two-month low.

  • Oil Settles Lower Thursday

    Oil futures settled lower again on Thursday afternoon, but trimmed losses after tumbling to fresh one-month lows for West Texas Intermediate crude and ULSD contracts, with the RBOB contract cascading to a two-month low on a...

  • Oil Lower in Thursday Trade

    Oil futures cascaded lower Thursday morning to fresh lows on bearish technical pressure and rising U.S. crude oil production and total petroleum inventories that prompted the market to ignore attempts by OPEC to jawbone the...

  • Oil Futures Settle Mixed

    Spot-month New York Mercantile Exchange oil futures settled mixed after a volatile session Wednesday with June West Texas Intermediate crude eking out a fractional gain while oil products tumbled on the back of a report by the...

  • Oil Lower in Wednesday Trade

    Oil futures extended losses at the open of regular trade Wednesday morning ahead of weekly oil supply data by the Energy Information Administration, with products leading the futures complex lower amid bearish fundamentals and...

  • Oil Futures Settle Up as API Eyed

    New York Mercantile Exchange oil futures settled a touch higher across the board Tuesday afternoon after a choppy session, boosted by a weaker dollar and a short-covering rally ahead of weekly U.S. petroleum reports that are...

  • Oil Futures Tumble to Fresh Lows

    New York Mercantile Exchange oil futures settled lower this afternoon after posting near one-month lows and extending last week's selloff as rising U.S. oil production frustrates efforts by the Organization of the Petroleum...

  • Oil Futures Settle Lower Friday

    New York Mercantile Exchange oil futures settled lower Friday after falling to three-week lows under selling pressure from technical factors, uncertainty over the French elections and concern about the relentless increase in U.S...

  • Oil Futures Settle Mixed Thursday

    New York Mercantile Exchange spot-month oil futures settled mixed Thursday after seesawing within a tight range as bearish data showing excess U.S. oil supply weighed against talk that nearly half of the Organization of the...

  • Oil Futures Settle Lower on EIA Data

    New York Mercantile Exchange oil futures settled at multi-week lows Wednesday as a stronger dollar and bearish gasoline data reported by the U.S. Energy Information Administration overshadowed fresh attempts by the Organization...

  • Oil Mixed Ahead of EIA Data

    Oil futures moved shallowly mixed with an upside bias Wednesday morning ahead of a weekly oil report by the EIA due out Wednesday morning that's expected to show petroleum stock draws occurred last week.

  • Oil Futures Lower Ahead of US Data

    Oil futures settled lower for the second day on Tuesday after a choppy session. Losses were limited by weaker U.S. dollar.

  • Oil Futures Lower on Rising Output

    Concerns about rising oil production in the United States drove New York Mercantile Exchange spot-month oil futures lower on Monday.

  • Oil Mixed in Monday Trade

    Oil futures moved shallowly mixed Monday morning in thin trade after the three-day Easter holiday weekend, with technical resistance holding at $53.33 for the May West Texas Intermediate crude and at $1.6685 for May ultra-low...

  • Oil Futures Settle Near-Flat Thursday

    New York Mercantile Exchange spot-month oil futures were little changed at Thursday's settlement following sideways trade, with volume very thin ahead of Good Friday and the Easter holiday weekend.

  • Oil Higher in Wednesday Morning Trade

    Oil futures extended higher Wednesday morning with spot-month West Texas Intermediate crude and the ICE Brent crude contracts recouping their March losses on the back of renewed bullish sentiment, technical support and falling...

  • Oil Futures Shake Off Softness

    Nearby delivered New York Mercantile Exchange crude and ULSD futures settled slightly higher with the RBOB contract flat after trading sideways most of the session ahead of weekly oil reports that are expected to show stock...

  • Oil Ends the Day Higher

    Oil futures contracts settled higher Monday with West Texas Intermediate crude posting the longest winning streak this year amid tensions in the oil-rich Middle East, a fresh loss of Libyan oil supply and expectations for weekly...

  • Oil Futures Higher on Bullish Sentiment

    New York Mercantile Exchange spot-month oil futures were higher in morning trade Monday, extending last week's rally, with the West Texas Intermediate crude contract gaining for the fifth straight day amid bullish investor...

  • Oil Pared Gains in Friday Trade

    Oil futures pared gains at the start of regular trade on Friday morning after a brief overnight rally to new highs following the U.S. strike against Syria.

  • Oil Futures Settle Higher Thursday

    New York Mercantile Exchange oil futures settled higher on Thursday afternoon as bullish sentiment remained supportive, although the spot-month contracts for West Texas Intermediate crude, RBOB and ULSD held within this week's...

  • Oil Futures Mixed on Bearish EIA Data

    Spot-month New York Mercantile Exchange oil futures settled mixed this afternoon with RBOB reversing off a 19-month high to close a tad lower after the Energy Information Administration reported an unexpected build in domestic...

  • Oil Higher in Morning Trade

    Oil futures were trading at fresh highs Tuesday morning, with RBOB rallying to a 19-month high ahead of the EIA's weekly petroleum status report that's expected to show stock draws and higher demand.

  • Oil Futures End Higher

    New York Mercantile Exchange oil futures settled higher Tuesday afternoon with nearby delivered RBOB contract rallying to a one-month high in front of what's expected to be a bullish report from the American Petroleum Institute...

  • Oil Futures Close Lower Monday

    Oil futures settled lower Monday afternoon amid pressure from a rebound in Libya's oil production, although losses were curbed by optimism spurred earlier in the session by bullish comments from the head of OPEC.

  • NYMEX Futures Little Changed

    New York Mercantile Exchange spot-month oil futures were little changed Monday morning, consolidating last week's gains that pushed the complex to three-week highs as bullish comments by the head of the Organization of the...

  • Oil Ends the Week Higher

    Oil futures settled higher for the fourth straight session Friday, with West Texas Intermediate crude posting the biggest weekly gain this year as strong demand offset the latest data from Baker Hughes, Inc. showing the 11th...

  • Oil Mixed in Friday Trade

    Oil futures moved shallowly mixed at the open of regular trade Friday morning ahead of a Baker Hughes, Inc. report due Friday afternoon that could show an increase in the number of rigs actively drilling for oil this week in the...

  • Oil Futures Settle About $50

    New York Mercantile Exchange spot-month oil futures advanced for the third straight day Thursday afternoon, with nearest delivered West Texas Intermediate crude futures settling above the $50-per-barrel (bbl) mark for the...

  • Oil Futures Up on Bullish EIA Data

    New York Mercantile Exchange spot-month oil futures settled higher Wednesday afternoon, rallying on bullish data from the Energy Information Administration, Libyan oil supply outage and hope for an extension of output cuts by the...

  • Oil Nudges Higher Wednesday

    Oil futures nudged higher Wednesday morning, consolidating gains from day prior on a supply disruption in Libya and ahead of weekly U.S. data from the EIA that's expected to show stock draws for oil products and a stock build for...

  • Oil Futures Gain on Libyan Disruption

    New York Mercantile Exchange spot-month oil futures settled higher Tuesday afternoon, rallying on news that production at Libya's biggest oilfields has been disrupted due to militia activity. Expectations that U.S. refined products...

  • Oil Futures End Mixed Monday

    New York Mercantile Exchange spot-month oil futures settled mixed Monday afternoon after the West Texas Intermediate and ULSD contracts tested last week's lows amid concern over increasing U.S. crude production.

  • Oil Futures Settle Higher Friday

    New York Mercantile Exchange oil futures settled higher Friday afternoon on short-covering ahead of the weekend break in trading, halting a three-day decline despite a bearish rig count report released early afternoon by oil...

  • Oil Futures Tumble on Growing Supply

    New York Mercantile Exchange spot-month oil futures settled lower Tuesday afternoon with the April West Texas Intermediate crude contract expiring at the lowest level on the spot continuous chart since Nov. 29, 2016, on concern...

  • Oil Futures End Mixed Thursday

    Spot-month New York Mercantile Exchange oil futures settled mixed Thursday in thin trade with RBOB futures higher while the West Texas Intermediate and ULSD contracts ended down amid a lack of follow-through from the prior...

  • Oil Futures Mostly Higher on Stock Draw

    Spot-month New York Mercantile Exchange oil futures settled mostly higher Wednesday afternoon with the West Texas Intermediate and ULSD contracts alongside IntercontinentalExchange Brent futures rallying off Tuesday's 3-1/2...

  • Oil Moves Lower in Early Trade

    Oil futures and Brent crude on the IntercontinentalExchange again moved lower at the open of regular trade Tuesday, with both West Texas Intermediate and Brent trading at fresh 3-1/2 month lows after Saudi Arabia reported...

  • Oil Futures End Down

    New York Mercantile Exchange oil futures settled lower Monday afternoon, with West Texas Intermediate edging down for its sixth consecutive session decline to a fresh 3-1/2 month low on the spot continuous chart.

  • WTI Settles at Fresh Low

    Spot-month New York Mercantile Exchange oil futures settled lower for the third straight session Friday as liquidation of long positions gathered steam ahead of the weekend break, with the ULSD and West Texas Intermediate...

  • WTI Futures Settle Below $50 Per Barrel

    New York Mercantile Exchange spot-month oil futures settled lower Thursday afternoon following a two-session selloff that pressed West Texas Intermediate below the psychologically significant $50 per barrel (bbl) for the first...

  • Oil Shallowly Mixed in Early Trade

    Oil futures opened the regular trade session shallowly mixed Wednesday morning as traders recalibrated their expectations in front of a weekly report that's expected to show a stock build for crude and stock draws for refined...

  • Oil Futures Settle Little Changed

    Spot-month New York Mercantile Exchange oil futures ended little changed this afternoon from Monday's settlements, with the market trading within a tight range in front of the American Petroleum Institute's report that's expected...

  • Oil Products Futures End Mixed

    Spot-month New York Mercantile Exchange oil futures settled mixed this afternoon with West Texas Intermediate crude little changed while the RBOB and ULSD contacts posted moderate gains amid short-covering.

  • Oil Closes the Week Higher

    Oil futures traded on the New York Mercantile Exchange rallied late session Friday after Thursday's selloff while mixed on the week, with a drop in the U.S. dollar from a nearly seven-week high late day lending upside price support...

  • Oil Moves Higher in Early Trade

    Oil futures moved higher at the start of regular trade Friday morning, stabilizing in cautious early trade as the U.S. dollar eased off Thursday's 6-1/2 week high and ahead of a key weekly U.S. oil rig-count report.

  • Oil Ends the Day Lower

    Oil futures on the New York Mercantile Exchange settled lower Thursday afternoon, declining for a second straight session amid selling pressure stirred by a stronger dollar, bearish domestic fundamentals and signs Russia isn't...

  • Oil Futures Down Sharply 2nd Day

    New York Mercantile Exchange spot-month oil futures swung lower for a second session amid pressure from a stronger U.S. dollar, higher domestic oil supply and fresh reports Russian oil output held nearly steady in February...

  • Oil Futures Mixed Ahead of EIA Data

    Spot-month New York Mercantile Exchange oil futures were mixed with an upside bias at the start of regular trade Wednesday morning ahead of the weekly petroleum status report from the Energy Information Administration that's...

  • Oil Ends the Week Lower

    Oil futures settled lower Friday afternoon on concerns over another increase in the number of rigs activated for domestic oil drilling, technical pressure and book-squaring ahead of the weekend break.

  • Oil Retreats in Friday Trade

    Oil futures retreated at the start of regular trade Friday morning on profit-taking after Thursday's rally and in front of industry data on U.S. weekly rig count that's expected to show another increase in oil drilling in the...