Crude oil

Venezuela oil exports rise sharply in January under U.S. control

Venezuelan oil exports rose to some 800,000 bpd in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed.

Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude

The price for Venezuelan crude does have to be competitive, and Venezuelan crude may displace some other sources of heavy crude including Western Canadian Select.

bp's Whiting refinery union workers reject contract extension

Record January fuel oil exports from Kuwait's al-Zour refinery weigh on Asian market

The surge in supply from Kuwait, a major fuel oil exporter, will boost availability in bunkering hubs such as Singapore and weigh on prices in Asia.

Trinidad and Tobago in talks with Indian Oil to revive refinery

The refinery, located in the south of the country, was closed in 2018 by a previous government that blamed massive losses and debt for its closure.

China's teapots buy Iranian oil to replace Venezuelan supply

Venezuelan shipments to China have fallen sharply since mid-December after U.S. President Donald Trump imposed a blockade on sanctioned ships, part of a campaign against President Nicolas Maduro which culminated in his capture by U.S. forces on January 3.

Valero Energy Q4 profit beats estimates; shares surge

U.S. lifts some Venezuela sanctions to ease oil sales

The move by the Treasury’s Office of Foreign Assets Control authorizes U.S. companies to buy, sell, transport, store and refine Venezuelan crude oil, but does not lift existing U.S. sanctions on production.

Rising oil, gas and LNG demand draws global traders to India

As consumption growth slows in most major economies, trading firm executives told the India Energy Week conference that they see opportunities across crude, refined fuels and liquefied natural gas (LNG).

Advancing clean fuels: Jazan refinery’s gasoline optimization achievement