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 Rally Extended on Bullish EIA Data

    Oil futures rallied after data by the Energy Information Administration showed stock draws for crude oil and refined products.

  • Oil Mixed in Wednesday Trade

    Oil futures opened regular trade mixed Wednesday morning, with the September West Texas Intermediate crude and ULSD contracts holding on to overnight gains in front of U.S. EIA's weekly report that's expected to confirm another...

  • Oil Futures Settle at 6-Week Highs

    New York Mercantile Exchange spot-month oil futures settled higher Tuesday afternoon, boosted by expectation U.S. oil inventories declined last week and on intensified efforts by the Organization of the Petroleum Exporting...

  • WTI Oil Futures Settle Up

    New York Mercantile Exchange spot-month oil futures stabilized after Friday's profit-taking led losses, with the futures complex mixed with an upside bias this morning following supportive news from the Organization of the Petroleum...

  • Oil Futures Mostly Higher Monday

    New York Mercantile Exchange spot-month oil futures stabilized after Friday's profit-taking led losses, with the futures complex mixed with an upside bias this morning following supportive news from the Organization of the Petroleum...

  • Oil Futures Settle Down Friday

    New York Mercantile Exchange spot-month oil futures settled lower on Friday afternoon, but off lows on overbought market conditions, and after a survey by oil tanker-tracker Petro-Logistics showed oil output by the Organization...

  • Oil Futures Open Lower

    New York Mercantile Exchange spot-month oil futures pressed lower at the open Friday morning as investors booked profits, and concerns over global oversupply, continue to weigh on the market ahead of the release later Friday of...

  • Oil Futures Reverse Off Highs

    New York Mercantile Exchange spot-month oil futures settled lower after reversing off multi-week highs amid profit-taking and nagging worries about supply overhang.

  • Oil Futures Extend Gains

    New York Mercantile Exchange spot-month oil futures opened higher on Thursday morning, rallying for the third straight day to multi-week highs on positive Energy Information Administration data that showed significant stock draws...

  • Oil Futures Settle Higher

    New York Mercantile Exchange spot-month oil futures settled at fresh two-week highs for West Texas Intermediate crude and Brent on the IntercontinentalExchange on Wednesday.

  • Oil Futures Higher After Bullish Data

    New York Mercantile Exchange oil futures posted moderate gains after the Energy Information Administration reported that U.S. petroleum inventories were drawn down last week by more than expected.

  • RBOB Futures Opens Higher on Stock Draw

    New York Mercantile Exchange spot-month oil futures rallied Tuesday ahead of weekly oil data from the American Petroleum Institute.

  • Oil Futures End Higher on Saudi Rumor

    New York Mercantile Exchange spot-month oil futures rallied Tuesday ahead of weekly oil data from the American Petroleum Institute.

  • Oil Futures Open Higher

    New York Mercantile Exchange spot-month oil futures edged higher at the open of regular trade Tuesday morning as the dollar index slumped to an 11-month low and in front of weekly reports on oil supply and demand in the United...

  • Oil Futures Down on Output Worries

    New York Mercantile Exchange spot-month oil futures settled lower this afternoon after seesawing earlier, as market focus shifted back to the rising in U.S. oil production and the slow pace of global stock drawdown.

  • Oil Futures Rally

    New York Mercantile Exchange spot-month oil futures settled higher Friday afternoon, also posting weekly gains, after separate sets of data this week showed improving global demand while domestic crude oil inventories are being...

  • Oil Futures Climb on Improving Demand

    New York Mercantile Exchange spot-month oil futures settled higher Thursday afternoon after shaking off early weakness and rallying on technical support and bullish demand expectations after the International Energy Agency said...

  • Oil Futures Settle Higher on Demand

    New York Mercantile Exchange spot-month oil futures settled higher Thursday afternoon after shaking off early weakness and rallying on technical support and bullish demand expectations after the International Energy Agency said...

  • Oil Futures Settle Mixed

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

  • Oil Futures Rally Ahead of EIA Report

    Spot-month oil futures on the New York Mercantile Exchange rallied Wednesday morning ahead of a weekly oil report due out at 10:30 a.m. EDT from the U.S. Energy Information Administration that's expected to show a stock-draw for...

  • Oil Futures Settle Higher Tuesday

    New York Mercantile Exchange spot-month oil futures shook off early losses and rallied Tuesday afternoon after the Energy Information Administration lowered its 2018 production forecast for the United States.

  • Oil Futures Settle Up Thursday

    Spot-month oil futures on the New York Mercantile Exchange ended higher, but settled off session highs Thursday afternoon, paring early gains and turning mixed after the close of regular trade as market focus turned from stock...

  • Oil Futures Rally Ahead of EIA Data

    New York Mercantile Exchange spot-month oil futures climbed at the start regular trade Thursday morning ahead of a weekly report by the U.S. Energy Information Administration that's expected to show stock draws for petroleum...

  • Oil Futures Reverse off one-Month Highs

    Oil futures reversed from one-month highs on Wednesday, on profit taking that accelerated into a broader selloff amid technical pressure and reports of rising production by the Organization of the Petroleum Exporting Countries...

  • Oil Down in Wednesday Trade

    Oil futures took a leg lower Wednesday morning, retreating from four-week highs as expectations weekly U.S. petroleum supplies were drawn down were countered by reports crude oil production by OPEC rose in June.

  • Oil Futures End Higher

    New York Mercantile Exchange spot-month oil futures settled near one-month highs Monday afternoon on improving sentiment after a decrease in U.S. crude oil production reported last week dovetailed with the first decline in the...

  • Oil Higher in Friday Trade

    Oil futures were higher Friday morning, with West Texas Intermediate crude posting a fresh two-week high ahead of a report by Houston-based oil services firm Baker Hughes due this afternoon that would indicate whether or not...

  • Oil Futures Settle Higher Thursday

    New York Mercantile Exchange spot-month oil futures ended higher, although came under selling pressure toward the close of trade Thursday on oversupply concerns.

  • Oil Futures End Higher on Bullish Data

    Spot-month oil futures on the New York Mercantile Exchange settled at fresh highs Wednesday after shaking off early weakness, rallying after the Energy Information Administration showed stock draws for refined products and the...

  • Oil Opens Slightly Higher Wednesday

    Oil futures on the New York Mercantile Exchange retreated from one-week highs, nudging lower at the open Wednesday morning ahead of a weekly government oil report that is expected to show stock draws for domestic crude oil...

  • Oil Futures Rally to 1-Week Highs

    New York Mercantile Exchange spot-month oil futures settled at one-week highs Tuesday ahead of data that's expected to show stock draws for U.S. crude oil and gasoline, further slashing domestic surplus and tightening the market.

  • NYMEX Oil Futures Close Modestly Higher

    New York Mercantile Exchange spot-month oil futures settled a tad higher across the board Monday afternoon amid follow-through short-covering from Friday after the oil complex tumbled to a bear market early last week on...

  • Oil Angles Higher in Monday Trade

    Oil futures angled slightly higher at the start of regular trade Monday morning on follow-through rally from last week as traders move to cover short positions.

  • Oil Settle Off 2-Days Highs Friday

    Oil futures settled off two-day highs Friday afternoon, paring gains after Houston-based Baker Hughes, Inc. reported the number of active U.S. oil rigs rose again this week to a better than two-year high.

  • Oil Settles Lower Friday

    Oil futures settled lower Friday after posting three-week lows on concern it would take much longer than previously thought to work down bloated global oil inventories.

  • Oil Lower Friday

    Oil futures were lower early Friday, trading at three-week lows after the release of a bearish nonfarm jobs report and ahead of a report for this week that's expected to show what could be the 20th consecutive rise in the...

  • Oil Little Changed in Thursday Trade

    Oil futures were little changed Thursday morning, with spot-month West Texas Intermediate crude, ULSD and RBOB futures trading on either side of Wednesday's settlements ahead of weekly U.S. data expected to show U.S. petroleum...

  • Oil Futures End Down Wednesday

    New York Mercantile Exchange spot-month oil futures settled lower Wednesday afternoon on concern rising supply from the United States and Libya would keep the market oversupplied for much longer than previously thought.

  • Oil Lower in Wednesday Trade

    Oil futures tumbled to fresh lows Wednesday morning ahead of U.S. data that are expected to show U.S. petroleum inventories were drawn down during the week leading up to the Memorial Day holiday.

  • Oil Futures Settle Lower

    New York Mercantile Exchange spot-month oil futures settled lower Tuesday afternoon under pressure from a reported increase in Libyan oil production.

  • Oil Futures Settle Sharply Lower

    New York Mercantile Exchange oil futures settled sharply lower Thursday amid profit-taking triggered by a decision by the Organization of the Petroleum Exporting Countries and 11 non-OPEC producers to extend their production...

  • Oil Mixed in Thursday Morning Trade

    Oil futures were mixed early Thursday, paring premarket losses as traders continue to adjust their views on global supply as production cuts are being considered at a summit in Vienna Thursday by the world's leading oil producers.

  • 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 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 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...