Crude oil
India BPCL makes its first US oil purchase, buys Mars, Poseidon
NEW DELHI (Reuters) — India's Bharat Petroleum Corp has made its first purchase of US oil, buying high sulfur crudes Mars and Poseidon in a tender, its head of refineries R. Ramachandran said.
Magellan Midstream Partners pipeline ruptures in Texas
HOUSTON (Reuters) — A Magellan Midstream Partners oil pipeline leaked some 1,200 bbl of crude on Thursday, triggering the evacuation of nearby homes while cleanup operations were underway, the company said in a statement.
Oil firm as signs of higher demand outweigh worries of excess
LONDON (Reuters) — Oil prices edged higher on Friday and were on track for solid weekly gains following positive demand signals, production issues in Nigeria and a reported decline in stocks.
Cheaper options knock Gulf's share of Indian June oil imports to 19-mth low
NEW DELHI/SINGAPORE (Reuters) — India's reliance on Middle East oil imports shrunk in June to the smallest since October 2015 as the world's third-biggest importer tapped other sources amid OPEC supply cuts, ship tracking data from industry sources and data available on Thomson Reuters Eikon showed.
Tide turns for sulfur-rich oil in a sea of light crude
LONDON (Reuters) — The world is awash with oil, but in pockets of the market lower-quality, sulfur-rich crude is limited and buyers are competing for cargoes.
US crude stockpiles drop the most since September
NEW YORK (Reuters) — US crude oil inventories last week dropped the most in ten months, falling more than expected as imports declined and refining rates rose, while gasoline stocks decreased although demand remained lackluster, the Energy Information Administration said on Wednesday.
Pipelines secured as wildfires rage in western Canada
CALGARY, Alberta (Reuters) — Major pipeline companies in western Canada created fire breaks, installed sprinklers and took other measures to protect operations as raging wildfires spread to more than 93,000 acres in British Columbia.
China crude oil imports hold at strong levels in June
BEIJING (Reuters) — China imported 36.11 MMt, or 8.79 MMbpd of crude oil in June, customs data showed on Thursday, again making the country the world's top buyer for the month.
Asian refiners tweak their Qatar oil loadings to side-step Gulf spat
SINGAPORE/SEOUL (Reuters) — Asia's oil refiners are adjusting their shipping arrangements for loading Qatari crude to side-step the diplomatic spat between Doha and other Middle East nations, including top Gulf oil producers Saudi Arabia and the United Arab Emirates.
OPEC sees lower demand for its oil in 2018, points to surplus
LONDON (Reuters) — World demand for OPEC's crude will decline next year as US shale producers and other rivals pump more, OPEC said on Wednesday, suggesting the oil market will see a surplus in 2018 despite an OPEC-led output cut.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
