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.

Recent Blogs by Author

More From This Author

  • Oil Lower in Monday Trade

    Oil futures gave up overnight gains and eased Monday morning amid technical pressure and concerns about rising U.S. oil output that has undercut efforts by OPEC to bring the global market back into a supply-demand balance.

  • 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 Mixed in Tuesday Trade

    Oil futures moved mixed Tuesday morning after mostly trading lower following Monday's losses amid concern rising oil production in the United States would offset a portion of the production cuts being made by OPEC and 11 non-OPEC...

  • 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 Futures Settle Mixed

    New York Mercantile Exchange oil futures settled mixed on Wednesday afternoon amid profit-taking following oversold market conditions after the spot-month West Texas Intermediate crude contract rallied for six straight sessions.

  • 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

    New York Mercantile Exchange spot-month oil futures settled mixed Monday afternoon with West Texas Intermediate crude oil easing alongside the IntercontinentalExchange May Brent crude futures while the RBOB contract rose to a...

  • 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...

  • Oil Settles Higher Thursday

    Oil futures on the New York Mercantile Exchange advanced Thursday afternoon, although settled off earlier session highs after rallying across the board, with the West Texas Intermediate crude contract posting a fresh seven-week...

  • Oil Pares Gains in Midday Trade

    Oil futures on the New York Mercantile Exchange pared gains in midmorning trade Thursday after the EIA issued a weekly oil report that was more bullish than what the market expected, but less bullish on crude than what the API...

  • Oil Rallies in Thursday Trade

    Oil futures on the New York Mercantile Exchange rallied at the start of regular trade Thursday morning ahead of weekly data from the EIA that's now expected to show domestic oil stock draws and an improvement in product demand.

  • Oil Futures Mixed Ahead of API Report

    Spot-month oil futures on the New York Mercantile Exchange ended mixed Wednesday afternoon, with the West Texas Intermediate crude and ultra-low sulfur diesel contracts settling lower ahead of industry data that's now expected...

  • Oil Little Changed on Friday

    Oil futures were little changed at settlement after a technically-driven sideways trading session, as a tug-of-war between building domestic oil supply and declining global oil production continued.

  • Oil Lower in Friday Trade

    Oil futures retreated at the start of regular trade Friday morning in front of industry data on the weekly change in the oil rig count in the United States and ahead of a three-day weekend break in trading.

  • Oil Futures Lower Following EIA Data

    New York Mercantile Exchange oil futures were again trading lower after a brief move higher midmorning following the release of the Energy Information Administration's weekly oil supply and demand data.

  • Oil Futures Mixed on Economic Data

    New York Mercantile Exchange oil futures moved mixed at the start of regular trade Wednesday morning, with the RBOB contract shaking off overnight losses after the release of strong economic data and ahead of the Energy...

  • Oil Futures Settle Higher

    New York Mercantile Exchange oil futures settled higher Tuesday afternoon amid consolidation after selling off on Monday, with the complex off earlier highs as the dollar strengthened following hawkish comments from Federal...

  • Oil Futures Advance After Selloff

    New York Mercantile Exchange oil futures rose at the start of regular trade Tuesday morning after selling off Monday, as the market continues to consolidate within its recent trade range.

  • Oil Futures Settle Down

    Oil futures settle down on stronger USD, US supply outlook.

  • Oil Futures Advance

    In its monthly Oil Market Report, IEA estimates OPEC reached 90% compliance with its Nov. 30, 2016 agreement to cut 1.2 million bpd of its production in January with a 1.0 million bpd reduction that, if continued through the deal's...

  • Oil Extends its Rally Friday

    Oil futures rallied at the start of regular trade Friday morning amid tightening global supply and strong demand for U.S. products, and ahead of a U.S. rig-count report that will show if domestic drilling for oil continued to increase...

  • Oil Advances in Thursday Trade

    Oil futures on the New York Mercantile Exchange advanced at the start of regular trade Thursday morning after the U.S. Energy Information Administration reported strong demand for products that overshadowed a build in crude...

  • Oil Settles Higher Wednesday

    Oil futures on the New York Mercantile Exchange settled higher Wednesday afternoon led by the RBOB contract after the EIA reported strong demand for gasoline that offset a big build in crude oil inventories.

  • NYMEX Oil Futures Reverse Higher

    After trading mixed, spot-month oil futures on the New York Mercantile Exchange moved higher across the board in the aftermath of the Energy Information Administration's release of its Weekly Petroleum Status Report for the...

  • Oil Shallowly Mixed in Wednesday Trade

    Oil futures on the New York Mercantile Exchange were little changed at the start of regular trade Wednesday morning, trimming an overnight decline after three straight sessions with lower settlements spurred by growing concern...

  • Oil Settles Lower Tuesday

    Oil futures settled lower Tuesday afternoon under pressure from a strengthening dollar and expectations U.S. crude and oil products supply again increased last week amid rising domestic crude production and weak gasoline demand.

  • Oil Weak in Early Tuesday Trade

    Oil futures weakened again at the start of regular trade Tuesday morning, pressured by a rallying U.S. dollar and concern rising domestic production would undermine output cuts by the Organization of OPEC and their non-OPEC...

  • Oil Futures Settle Lower

    Spot-month New York Mercantile Exchange oil futures settled lower Monday afternoon on an easing geopolitical risk premium following an escalation in tensions between Iran and the United States late last week and pressure from an...

  • Oil Futures Seesaw Ahead of Rigs Data

    Spot-month New York Mercantile Exchange oil futures seesawed within a narrow range in early trade Friday as a bullish U.S. payroll report weighed against concern over recent strong growth in domestic oil production.

  • Oil Mixed in Thursday Trade

    Oil futures moved mixed after starting regular trade higher Thursday on a weaker dollar and mounting evidence OPEC and non-OPEC producers are following through on pledges to cut output that has largely overshadowed a large...

  • Oil Higher in Early Wednesday Trade

    Oil futures extended higher at the start of regular trade Wednesday morning ahead of the midmorning release of the Energy Information Administration's oil report that covers the week-ended Jan. 27 that's expected to show a...

  • Oil Futures End Higher Tuesday

    Spot-month New York Mercantile Exchange oil futures settled higher Tuesday afternoon after paring gains during market at close trade on expectations weekly reports due out later this afternoon and early Wednesday would show...

  • Oil Closes Lower Monday

    Oil futures settled lower Monday afternoon on concerns rising U.S. oil production would keep OPEC and their non-OPEC allies from achieving their goal of draining the global market of excess supply so as to support prices.

  • Oil Settles Lower Friday

    Oil futures settled lower Friday afternoon after the latest report by oil services firm Baker Hughes showed another big jump in the oil rig count in the United States that highlighted rising domestic oil production.

  • Oil Futures Lower on Rigs Report

    Spot-month New York Mercantile Exchange oil futures settled lower Friday afternoon after the latest report by oil services firm Baker Hughes showed another big jump in the oil rig count in the United States that highlighted...

  • Oil Futures End Higher on OPEC Cuts

    New York Mercantile Exchange oil futures advanced at settlement Tuesday afternoon amid technical support and continued efforts by the Organization of Petroleum Exporting Countries to jawbone the market higher, with oil ministers...

  • Oil Higher in Tuesday Trade

    Oil futures moved higher at the start of regular trade Tuesday morning on technical support and after Monday's lower settlement for the nearby West Texas Intermediate and ultra-low sulfur diesel contracts.