Crude oil
SK Energy to import 6.5 MMbbl of US crude for Nov–Jan arrival
SEOUL (Reuters) — South Korea’s SK Energy has bought 6.5 MMbbl of US crude to be delivered between November and January, a company spokeswoman said on Monday, as the country’s top oil refiner steps up imports of the competitively priced oil.
Asia oil buyers turn to US in hunt for cheap supply
SINGAPORE/NEW YORK (Reuters) — Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit US demand for the commodity at a time of rising production in the country.
Oil rallies on Chinese import boost and Mideast tensions
LONDON (Reuters) — Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a more than 3% weekly gain.
China Sept crude oil, gas imports jump ahead of winter fuel demand
BEIJING (Reuters) — China’s September crude oil imports climbed to the second highest level on record, while natural gas imports rose nearly 5%, official customs data showed on Friday, as the world’s top energy consumer shored up fuel supplies for winter.
Mercuria: Record US oil exports set to surge further
LONDON (Reuters) — Already record US oil exports are set to surge further in the coming month as stored oil in one of the world's last areas of excess stockpiles pours into global markets, the chief executive of trading house Mercuria, Marco Dunand, said.
US oil pipeline rivals look to consolidate West Texas projects
HOUSTON (Reuters) — As shale oil producers have rushed back into the Permian Basin after a downturn, US pipeline firms have scrambled to plot new pipelines to take all that petroleum from West Texas to refineries, export hubs and petrochemical plants.
Most US oil executives see prices below $60/bbl through 2018
HOUSTON (Reuters) — Nearly two-thirds of US oil executives see crude oil prices remaining below $60/bbl through 2018 and not hitting $70/bbl until at least the next decade, according to a survey published on Wednesday by consultancy Deloitte Services LP.
US judge allows Dakota pipeline to run as Army conducts study
WASHINGTON (Reuters) — Oil can keep flowing through the contested Dakota Access Pipeline while the Army Corps of Engineers conducts a new environmental review of the duct through next April, a federal judge ruled on Wednesday.
IEA: China's crude oil buying spree looks set to continue
LONDON (Reuters) — China has built its crude oil stockpiles at a record pace in 2017 and while its purchases could tail off towards the year-end, inventories could hit the billion-barrel mark in 6 mos, the International Energy Agency said.
Kinder Morgan Canada kills request linked to Trans Mountain pipeline
CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd on Friday withdrew its request to install anti-fish-spawning mats in construction areas for its embattled Trans Mountain pipeline expansion, potentially delaying the $5.91-B project.
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