Crude oil

China's Shandong province completes country's largest port oil storage facility

The third phase of China's largest single coastal oil storage facility has been completed and went into operation in Qingdao port, in the eastern province of Shandong, the state media outlet China News reported.

Singapore's middle distillates stocks surge despite higher gasoil exports

Singapore's middle distillates stockpiles surged by more than 1 million barrels from last week, as the impact of lower jet fuel/kerosene outflows offset an increase in gasoil net exports, official data showed.

Turkish ministers discuss oil exports with Iraqi Kurdistan PM

Turkey's foreign and energy ministers met the head of Iraq's semi-autonomous Kurdistan regional government for talks, including on oil exports, which Turkey has blocked from the region since March this year.

Asia oil refining margins climb, but a peak looms

The profit from turning a barrel of crude oil into refined fuels has hit a 13-month in Asia but there are signs that the rally may be starting to lose momentum.

Oil down 1% as weak U.S. gasoline demand offsets big draw in crude stocks

Oil prices were down 1% as a build in US gasoline stocks fed worries about demand after Japan and Europe posted gloomy manufacturing data.

Shell taps Goldman Sachs to explore Singapore refinery and petchem plant sale

Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter.

Oil slides on grim manufacturing data

Oil prices slid almost 2% as gloomy global manufacturing data grabbed attention ahead of an annual meeting of central bankers at Jackson Hole in the United States, with interest rates high on the agenda.

Reliance increased oil imports in July by 6% to nearly 1.1 MMbpd

India's Reliance Industries Ltd, the operator of the world's biggest refining complex at Jamnagar in western Gujarat state, increased oil imports in July by about 6% to 1.09 MMbpd.

Iranian oil cargo seized by US begins unloading after long delay

Russia's September Urals discount begins to widen as India slows purchases

Spot discounts for Russian crude for September loading have started to deepen as India, a key customer of Moscow, reduces purchases due to high prices and maintenance outages at some refineries, four traders and Indian refinery officials said.