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 Supported by Cushing Stock

    New York Mercantile Exchange oil futures settled near one-week highs Friday ahead of the three-day weekend break.

  • Oil Mixed in Friday Trade

    Oil futures were mixed Friday morning after coming off one-week highs posted overnight, with the market pressured by a strengthening U.S. dollar and expectations Baker Hughes would report early afternoon an increase in the...

  • Oil Pulls Back in Thursday Trade

    Oil futures pulled back Thursday morning after rising overnight to fresh five-day highs for West Texas Intermediate and Brent on the Intercontinental Exchange, with ULSD and RBOB easing off four and three-day highs, respectively.

  • Oil Futures Settle Higher on EIA Data

    New York Mercantile Exchange oil futures recovered from a shaky start to trade and settled higher Wednesday afternoon.

  • Oil Moves Shallowly Mixed After Data

    New York Mercantile Exchange oil futures were mixed in the aftermath of weekly data from the Energy Information Administration.

  • Oil Settles Shallowly Mixed

    New York Mercantile Exchange oil futures settled shallowly mixed Tuesday afternoon with West Texas Intermediate crude and ULSD a tad lower.

  • Oil Futures End Mixed

    New York Mercantile Exchange oil futures settled mixed Monday afternoon with West Texas Intermediate giving up most of its early gains while the ULSD and RBOB contracts posted losses of 0.8% about 1.3%, respectively, amid pressure...

  • Oil Futures Pares Gains on Supply Data

    Nearby delivered oil futures on the New York Mercantile Exchange pared overnight gains Monday morning after the Organization of the Petroleum Exporting Countries revised up its non-OPEC supply growth outlook.

  • Oil Futures Sink as Rigs Soar

    New York Mercantile Exchange spot-month oil futures plummeted Friday afternoon.

  • Oil Extends Selloff on Risk Aversion

    New York Mercantile Exchange oil futures accelerated their weeklong selloff Friday morning amid risk aversion and growing concern over record high U.S. oil production.

  • Oil Futures Post Fresh Multi-week Lows

    New York Mercantile Exchange spot-month oil futures settled at multi-week lows Thursday afternoon after worries about building U.S. crude oil inventory and crude production combined with another plunge in the stock market and a...

  • Oil Mixed in Thursday Trade

    Oil futures moved mixed Thursday morning, with West Texas Intermediate, ULSD and Brent crude on the Intercontinental Exchange sliding to fresh multi-week lows overnight before paring the decline, as the market wrestles with...

  • Bearish EIA Data Press Oil Futures Down

    New York Mercantile Exchange spot-month oil futures tumbled for the fourth straight day Wednesday, with West Texas Intermediate crude oil settling at the lowest level in four weeks after the U.S. Energy Information Administration...

  • EIA: Ethanol Stocks Jump

    The U.S. Energy Information Administration's latest weekly report shows ethanol supply in the United States up 500,000 bbl or 2.2% to 23.5 million bbl during the week-ended Feb. 2, moving closer to...

  • Oil Mixed in Wednesday Morning Trade

    Oil futures moved mixed early Wednesday ahead of weekly supply data, with West Texas Intermediate crude sliding to a nearly three-week low overnight despite data released late Tuesday from API showing an unexpected crude stock...

  • Oil Tumbles on EIA's US Supply Outlook

    New York Mercantile Exchange spot-month oil futures ended lower for the third straight day Tuesday.

  • Oil Posts Fresh Losses Tuesday

    Oil futures posted fresh losses Tuesday morning, with West Texas Intermediate crude at a two-week low, ULSD futures a six week low, and RBOB futures a four-week low. April Brent crude futures on the Intercontinental Exchange...

  • Oil Advances in Thursday Morning Trade

    Oil futures advanced Thursday morning on several features, including U.S. data issued on Wednesday showing weekly stock draws for gasoline and distillate amid strong demand, a bullish outlook by Goldman Sachs, and a survey showing...

  • Oil Lower in Wednesday Trade

    Oil futures fell to better than one-week lows Wednesday morning, stretching losses for the third straight day after the American Petroleum Institute late Tuesday showed stock builds for U.S. crude oil and gasoline.

  • Oils Falls for Second Straight Day

    New York Mercantile Exchange spot-month oil futures settled lower Tuesday afternoon, falling for the second straight day to one-week lows.

  • Oil Extend Losses Tuesday

    Oil futures extended their decline Tuesday morning on profit-taking after last week's rally to 38-month highs for West Texas Intermediate and Brent on the Intercontinental Exchange, coming under selling pressure on expectations...

  • Oil Futures Retreat on Profit Taking

    New York Mercantile Exchange spot-month oil futures settled lower Monday afternoon.

  • Oil Futures Ease on Rising Output

    New York Mercantile Exchange oil futures declined Monday morning after Baker Hughes reported on Friday that U.S. drillers added 12 rigs to the oil patch last week, raising concerns about increasing domestic crude oil production.

  • NYMEX Oil Rallies to Fresh Highs

    New York Mercantile Exchange spot-month oil futures rallied on Friday, with West Texas Intermediate crude settling at a near 38-month high.

  • Oil Shallowly Mixed in Friday Trade

    Oil futures were shallowly mixed Friday morning, with West Texas Intermediate crude trading about a $1 below Thursday's $66.66 nearly 38-month high as the U.S. dollar stabilized after a recent sell-off.

  • Oil Futures at Fresh Highs

    New York Mercantile Exchange spot-month oil futures rallied Wednesday afternoon with West Texas Intermediate crude and Brent crude trading on the Intercontinental Exchange settling at fresh three-year highs.

  • Oil Mixed in Wednesday Trade

    Oil futures were mixed Wednesday morning as traders recalibrated their expectations ahead of the scheduled 10:30 a.m. ET release of weekly oil supply data by from the Energy Information Administration.

  • Oil Settles Higher on Bullish Outlook

    New York Mercantile Exchange spot-month oil futures settled sharply higher Tuesday after the combination of a weaker dollar, expectation for weekly U.S. crude supply draw, an upward revision in world economic growth and the...

  • Oil Climbs Higher Tuesday

    Oil futures continued higher Tuesday morning on expectation crude oil inventories in the United States declined for the 10th straight week and on an upward revision to economic growth forecast by the IMF that implies greater...

  • Oil Futures Settle Mixed, Upside Bias

    New York Mercantile Exchange spot-month oil futures settled mixed Monday afternoon with Brent crude on the Intercontinental Exchange supported by comments from Saudi Arabia that the Organization of the Petroleum Exporting...

  • Oil Settles Lower on Friday

    New York Mercantile Exchange spot-month oil futures settled lower across the board Friday afternoon.

  • Oil Lower in Friday Trade

    Oil futures retreated Friday morning after the International Energy Agency raised its oil supply outlook for nonmembers of OPEC.

  • Oil Settles Mixed on Thursday

    New York Mercantile Exchange spot-month oil futures settled mixed Thursday afternoon.

  • Oil Futures Move Shallowly Mixed

    New York Mercantile Exchange spot-month oil futures were shallowly mixed in reaction to weekly oil statistics from the U.S. Energy Information Administration, showing a ninth straight weekly crude stock draw and mixed supply data on...

  • Oil Lower in Thursday Trade

    Oil futures moved mostly down Thursday morning after OPEC Thursday morning revised up its oil supply forecast for non-OPEC producers.

  • Oil Futures Settle Higher

    New York Mercantile Exchange spot-month oil futures settled higher Wednesday afternoon ahead of weekly oil statistics that are expected to show U.S. crude oil inventories were drawn down for the ninth straight week through Jan...

  • Oil Futures Mixed Ahead of Weekly Data

    New York Mercantile Exchange spot-month oil futures were mixed Wednesday morning as traders await the latest weekly supply and demand statistics to be released later Wednesday afternoon and Thursday morning while technical...

  • Oil Futures Rally

    New York Mercantile Exchange spot-month oil futures settled higher Friday as comments by Russia and declining crude oil supply offset President Donald Trump's decision to waive sanctions against Iran.

  • NYMEX Oil Futures End Thursday Mixed

    New York Mercantile Exchange oil futures settled mixed Thursday afternoon with the West Texas Intermediate and RBOB contracts ending higher after paring gains while ULSD futures reversed down from a nearly three-year high to...

  • Oil Higher in Thursday Trade

    Oil futures advanced Thursday morning, with West Texas Intermediate posting a new three-year high, boosted by data from the EIA released Wednesday showing a drop in crude oil production and a drawdown in U.S. crude stockpiles to...

  • Oil Higher in Wednesday Morning Trade

    Oil futures advanced again Wednesday morning with West Texas Intermediate crude and Brent crude futures on the Intercontinental Exchange trading at fresh three-year and 2-1/2 year highs, respectively, ahead of a weekly oil...

  • Oil Futures Up on Demand, Stock Draw

    New York Mercantile Exchange spot-month oil futures settled higher Tuesday afternoon with West Texas Intermediate crude posting a three-year high.

  • Oil Ends Lower on Profit-taking

    New York Mercantile Exchange spot-month oil futures settled lower Friday amid profit-taking following Thursday's multiyear highs for West Texas Intermediate and Brent futures on the Intercontinental Exchange

  • Oil Futures Moves Lower in Friday Trade

    Oil futures moved lower Friday morning amid profit-taking after Thursday's mixed session, including settlements at three-year highs for West Texas Intermediate and Brent on the Intercontinental Exchange.

  • Oil Futures Close at 3-Year Highs

    New York Mercantile Exchange West Texas Intermediate futures and Brent crude on the Intercontinental Exchange ended Thursday's session at their highest settlement in more than three years following the seventh consecutive...

  • WTI Ends at Fresh Highs

    New York Mercantile Exchange spot-month oil futures settled sharply higher Wednesday afternoon.

  • Oil Futures Settle Down Tuesday

    New York Mercantile Exchange spot-month oil futures and Brent crude on the Intercontinental Exchange settled lower Tuesday afternoon, with the West Texas Intermediate and Brent contracts easing from fresh 2-1/2-year highs on...

  • Oil Futures Rally at End of 2017

    New York Mercantile Exchange spot-month oil futures advanced during the final trade session of 2017, with the West Texas Intermediate contract settling above $60 per barrel (bbl) for the first time in 2-1/2 years.

  • Oil Futures Settle Up on Crude Stocks

    New York Mercantile Exchange spot-month oil futures settled higher Thursday after the Energy Information Administration reported a bigger-than-expected U.S. crude stock draw of 4.6 million bbl and stronger demand for crude...

  • Oil Futures Shallowly Mixed Before EIA

    New York Mercantile Exchange spot-month oil futures were shallowly mixed Thursday morning, seesawing on either side of Wednesday's settlement values ahead of the 11 a.m. EST release of weekly oil supply data by the U.S. Energy...

  • Oil Futures Rally on Libyan Outage

    Spot-month oil futures on the New York Mercantile Exchange settled sharply higher Tuesday with ULSD and crude oil futures at 2-1/2-year highs.

  • Oil Futures End Higher in Thin Trade

    Spot-month oil futures on the New York Mercantile Exchange settled higher across the board Friday after recouping early losses on brightening supply and demand balance in the United States.

  • Oil Settles at Three-Week Highs

    Spot-month oil futures on the New York Mercantile Exchange settled at three-week highs Wednesday afternoon, rallying after an initial wobble on the back of statistics showing a bigger-than-expected draw for domestic crude oil...

  • Oil Pares Gains in Midday Trade

    Oil futures on the New York Mercantile Exchange pared gains after the Energy Information Administration released a mixed bag of statistics showing a better than expected crude stock draw and unexpected stock builds for refined...

  • Oil Futures Rally Ahead of Supply Data

    New York Mercantile Exchange spot-month oil futures rallied to one-week highs Wednesday morning ahead of the release of a report by the Energy Information Administration expected to show the fifth straight weekly decline in...

  • Oil Settles Higher Tuesday

    Oil futures on the New York Mercantile Exchange settled higher Tuesday afternoon ahead of industry statistics that are expected to show petroleum stock draws in the United States.

  • Oil Higher in Early Trade

    Oil futures on the New York Mercantile Exchange moved higher Tuesday morning, supported by tension in the Middle East, expectations for domestic petroleum stock draws and news a North Sea crude pipeline shut a week ago won't be...

  • Oil Settles Mixed; WTI Climbs

    New York Mercantile Exchange spot-month oil futures settled mixed Friday afternoon with West Texas Intermediate crude a tad higher while RBOB and ULSD slipped. WTI climbed after Baker Hughes said the U.S. oil rig count fell this...

  • NYMEX Oil Futures Extend Gains

    New York Mercantile Exchange spot-month oil futures rose Friday morning as traders covered short positions on expectations the Forties crude oil pipeline in Europe will be down for several weeks and on oil production cuts by the...

  • Oil Ends Higher on Short-Covering

    New York Mercantile Exchange spot-month oil futures settled higher Thursday afternoon on short-covering after a selloff a day earlier, with a refinery fire and pipeline outage adding to the gains.

  • IEA Pressures WTI Futures Lower

    New York Mercantile Exchange spot-month oil futures were mixed with a downside bias Thursday morning after the International Energy Agency said rising oil production in the United States would...

  • RBOB Leads Oil Futures Lower

    Spot-month oil futures on the New York Mercantile Exchange settled lower Wednesday afternoon led by an RBOB futures selloff after the U.S. Energy Information Administration showed a big stock build for domestic gasoline and...

  • Oil Slumps After EIA Report

    Spot-month oil futures on the New York Mercantile Exchange moved lower in Wednesday midmorning trade after the U.S. Energy Information Administration reported that domestic crude oil production increased again last week, although...

  • Oil Futures Mixed Before EIA Data

    Spot-month oil futures on the New York Mercantile Exchange were mixed Wednesday morning as traders recalibrate their expectations ahead of a weekly oil supply report by the Energy Information Administration due out at 10:30 a.m...

  • Oil Futures End Lower

    Spot-month oil futures on the New York Mercantile Exchange settled lower across the board Tuesday afternoon after reversing off fresh highs posted earlier today. The selloff was linked to profit-taking, the Energy Information...

  • Brent Futures Rally on Shut Pipeline

    Spot-month oil futures on the New York Mercantile Exchange settled higher Monday, with West Texas Intermediate crude posting a one-week high as traders focused on a report showing a big drop in crude oil stocks at the Cushing...

  • Oil Consolidates Gains

    New York Mercantile Exchange spot-month oil futures moved higher Monday morning as the market consolidates gains from last week.

  • Oil Rallies in Early Friday Trade

    Oil futures rallied across the board Friday morning, with West Texas Intermediate and Brent crude on the Intercontinental Exchange at three and four day highs, respectively, on the back of geopolitical risks in the Middle East and...

  • Oil Rebounds in Thursday Trade

    Oil futures advanced Thursday morning in a technical rebound after a steep sell-off a day earlier spurred by increases in U.S. oil products inventories and higher domestic crude oil production.

  • NYMEX Settles at Multi-Week Lows

    New York Mercantile Exchange spot-month oil futures settled at multi-week lows Wednesday afternoon following a report from the Energy Information Administration showing big stock builds for oil products that stirred concern over...

  • Oil Futures at Multi-Week Lows

    New York Mercantile Exchange spot-month oil futures deepened losses Wednesday led by a selloff in oil products in reaction to a bearish report from the U.S. Energy Information Administration showing higher domestic refined oil...

  • Oil Futures End Higher on Strong Demand

    New York Mercantile Exchange oil futures settled higher Tuesday, rallying amid strong demand, expectations for another U.S. crude stock draw and reports production by the Organization of the Petroleum Exporting Countries declined...

  • Oil Ends the Day Lower

    Oil futures settled lower on Monday afternoon, pulling back amid a stronger dollar and profit-taking following last week's rally.

  • Oil Futures Lower Monday on US Supply

    New York Mercantile Exchange oil futures moved lower on Monday morning, giving back most of Friday's gains amid rising domestic oil production and uncertainty about last week's decision by the world's biggest oil producers to extend...

  • Oil Climbs in Friday Trade

    Oil futures climbed Friday morning following a decision by OPEC and their non-OPEC producer allies to maintain production cuts through the end of 2018 in an attempt to end global supply overhang.

  • Oil Futures End Thursday Mixed

    New York Mercantile Exchange oil futures settled mixed Thursday afternoon with the West Texas Intermediate crude contract eking out a modest gain.

  • Oil Moves Higher Thursday

    Oil futures moved higher Thursday morning on reports OPEC and their non-OPEC partners will announce an extension of their agreement to extend production cuts.

  • Oil Futures Tumble Lower

    New York Mercantile Exchange spot-month oil futures settled lower across the board Wednesday amid pressure from a report by the Energy Information Administration showing unexpected stock builds for refined oil products and...

  • Oil Higher in Midday Trade

    Oil futures reversed higher after the EIA issued mixed statistics showing U.S. crude oil supply fell last week as refiners boosted utilization rates, but refined products stocks unexpectedly rose amid lower implied demand.

  • Oil Futures Lower Ahead of EIA Report

    New York Mercantile Exchange oil futures edged lower Wednesday morning as the market consolidated ahead of an oil report by the Energy Information Administration due out at 10:30 a.m. EST. A firmer dollar underpinned the oil...

  • Oil Mixed After Choppy Trade

    New York Mercantile Exchange oil futures settled mixed Tuesday afternoon.

  • Oil Lower on Keystone Restart

    Oil futures were lower Tuesday morning after TransCanada announced it would restart Keystone Pipeline that has been shut for nearly two weeks following a leak in South Dakota.

  • Oil Futures Settle Monday Mixed

    New York Mercantile Exchange spot-month oil futures settled mixed on Monday afternoon, with West Texas Intermediate crude oil and ULSD contracts lower on profit-taking and RBOB higher on stronger demand prospects.

  • Oil Futures Lower Amid Consolidation

    New York Mercantile Exchange oil futures were mixed with a downside bias Monday morning as the market consolidates in front of a key meeting by the Organization of Petroleum Exporting Countries that's expected to extend the...

  • Oil Futures End Mixed; WTI Rallies

    New York Mercantile Exchange spot-month oil futures settled mixed Wednesday afternoon, with West Texas Intermediate crude rallying to a 29-month high on the back of data showing a weekly crude stock draw in the United States.

  • Oil Futures Mostly Higher

    New York Mercantile Exchange spot-month oil futures were mixed with an upside bias, with West Texas Intermediate crude and Brent on the Intercontinental Exchange higher ahead of the U.S. Energy Information Administration's report...

  • Oil Higher Ahead of Inventory Reports

    New York Mercantile Exchange spot-month oil futures settled higher Tuesday afternoon ahead of weekly oil inventory reports that are expected to show stock draws and expectation the Organization of the Petroleum Exporting...

  • Oil Futures Mixed Ahead of Supply Data

    New York Mercantile Exchange oil futures were mixed Tuesday morning with spot-month ULSD contract lower while West Texas Intermediate crude and RBOB contracts edged higher ahead of weekly oil inventory reports in the United...