Crude oil
Oil resumes slide on demand worries after latest rate hikes
Oil dropped over 2% and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies.
U.S. crude inventories post surprise draw, fuel stocks rise
U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.
China's Penglai crude shipments land in Singapore, Malaysia
Two crude cargoes loaded from China's Penglai oilfields arrived at Singapore and Malaysia in May and June, an unusual export from the world's largest crude importer.
Fire breaks out at Romania's biggest oil refinery
A fire at Romania's Black Sea crude oil refinery Petromidia, the largest in the country, was being brought under control after a blaze broke out, a government emergency response unit said.
Oil extends declines on China growth woes, firmer dollar
Oil prices weakened, extending falls to a third straight day, as the dollar strengthened on a U.S. housing market recovery while fears persisted that monetary stimulus may not be enough to revive growth in China.
Oil falls on mixed Chinese demand picture
Oil prices fell in choppy trading as a clouded oil demand outlook outweighed the potential boost from a cut to China's benchmark lending rates.
China stored massive volume of crude oil in May, giving it options
China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing.
Funds rotate positions from crude oil to distillates
Portfolio investors are rotating positions from crude oil to middle distillates – anticipating that the low level of distillate inventories will keep prices relatively firm even if the global economy and petroleum consumption slow.
Iran's oil exports hit 5-year highs as U.S. holds nuclear talks
Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.
Kuwait's KPC sees good oil demand from China in H2
Kuwait Petroleum Corporation sees continued good demand for oil from China in the second half of the year, its chief executive said, speaking to Reuters as part of a podcast series hosted by the Al Attiyah Foundation.
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