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 End Lower Thursday

    New York Mercantile Exchange oil futures settled lower Thursday after sideways trade, pressured late in the session alongside equities amid political uncertainty following a delay in a vote on a healthcare bill that, some suggest...

  • 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 Higher in Morning Trade

    Oil futures moved higher at the open of regular trade Tuesday, led by a rally by the RBOB contract amid expectations summer demand for gasoline will be strong and cautious optimism OPEC would extend their output cuts that are...

  • 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 Futures Settle Mixed

    Spot-month oil futures on the New York Mercantile Exchange settled mixed with an upside bias Tuesday afternoon, with West Texas Intermediate crude and ULSD futures supported by bullish comments discussing strong compliance with...

  • 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 Lower in Monday Trade

    Oil futures fell at the start of regular trade Monday morning as concern over rising U.S. oil production overshadowed falling global supply and prompted profit-taking after a three-day rally through Friday.

  • 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 Ends the Week Higher

    Oil futures rallied to higher settlements Friday amid rising tension between the United States and Iran and the prospect of tighter global supply by midyear as OPEC and their non-OPEC partners implement production cuts agreed to...

  • 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.

  • Oil Futures Higher Friday

    New York Mercantile Exchange oil futures settled flat to down Monday afternoon amid rising domestic crude output and concern over the lack of an enforcement mechanism in overseeing production cuts agreed to last year by the...

  • Oil Futures Higher Friday

    New York Mercantile Exchange oil futures settled higher Friday afternoon after rallying on evidence global oil supply is easing and ahead of a meeting on Sunday, Jan. 22, by the Organization of the Petroleum Exporting Countries.

  • Oil End the Day Mixed

    Oil futures settled mixed Thursday afternoon amid varied reports on oil supply and demand fundamentals domestically and globally, with West Texas Intermediate crude eking out a modest gain after the EIA reported a surprise build in...

  • Oil Mixed After EIA Report

    Oil futures were mixed in muted reaction to the EIA's report issued at 11 a.m. ET showing a surprise build in domestic crude oil stockpiles, a bigger-than-expected build for gasoline stocks and an unexpected stock draw for distillate...

  • Oil Higher on Demand Outlook

    Oil futures edged higher at the start of regular trade Thursday morning in front of a weekly oil report by the EIA due out at 11 a.m. ET that's expected to show a decline in U.S. crude oil stockpiles.

  • Oil Lower on US Supply Forecast

    Oil futures moved lower at the start of regular trade Wednesday morning after the dollar rebounded from a five-week low and a report this morning by OPEC anticipating a rebound in shale oil output in the U.S. due to "the...

  • Oil Futures Mixed

    New York Mercantile Exchange oil futures settled shallowly mixed Tuesday afternoon after relinquishing early gains.

  • Oil Rallies in Tuesday Trade

    Oil futures contracts traded on the New York Mercantile Exchange moved higher at the start of regular trade on Tuesday morning, rallying on the back of a weakening dollar and bullish comments by Saudi Arabian oil officials who...

  • Oil Futures End Mixed Friday

    New York Mercantile Exchange oil futures settled mixed with an upside bias at the close of trade for the first week of 2017.

  • Oil Higher Ahead of EIA Report

    Oil futures gained at the start of regular trade Thursday morning in front of oil supply data from the EIA due at 11 a.m. ET that's expected to show U.S. crude stockpiles declined while product stocks increased during the final...

  • Oil Futures End Down Tuesday

    New York Mercantile Exchange spot-month oil futures settled lower Tuesday afternoon, reversing off fresh multi-month highs registered early in the session.

  • Oil Ends the Year Mixed

    Oil futures ended Friday's session shallowly mixed amid year-end book-squaring in muted pre-New Year's Day trade, with the West Texas Intermediate crude and ULSD contracts little changed while RBOB futures posted modest losses...

  • Oil Open Lower in Year-End Trade

    Oil futures moved lower at the start of regular trade Friday morning amid end-year book squaring on the last business day for December, fourth quarter and 2016 in thin trade ahead of New Year's Day, with the market closed...

  • Oil Mixed in Early Trade

    Oil futures were mixed at the start of regular trade Thursday morning ahead of the U.S. EIA report that's expected to show domestic stock draws for crude oil and middle distillates while gasoline supply is expected to have held...

  • RBOB Higher on Thursday Trade

    New York Mercantile Exchange spot-month oil futures settled flat to higher Wednesday afternoon ahead of inventory data from the American Petroleum Institute, with the RBOB contract settling at a 16-month high and West Texas...

  • Oil Higher in Wednesday Trade

    Oil futures moved higher at the start of the regular session Wednesday morning after seesawing on either side of Tuesday's multi-month settlement highs in overnight trade.

  • Oil Futures Continue Rally

    New York Mercantile Exchange spot-month oil futures settled sharply higher Tuesday afternoon on growing bullish sentiment that the global oil market will move closer to a supply-demand balance in 2017 after U.S. consumer confidence...