Crude oil
India's oil imports from Iran plunge over gas field row
NEW DELHI (Reuters) — India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies.
Malaysia's Petronas set to auction Kimanis crude on Dubai exchange
SINGAPORE (Reuters) — Malaysia's Petronas is set to auction one of its crude grades on the Dubai Mercantile Exchange, according to sources familiar with the matter, making the state-owned company the first to sell a non-Middle East oil on the trading platform.
China's May oil output lowest on record; refiners churn out more
BEIJING (Reuters) — China's crude oil production fell to its lowest on record in May, even as refineries in the world's top buyer of crude churned out product at their fastest pace in nearly two years, data showed on Wednesday.
IEA: Oil supply growth to outpace rise in consumption in 2018
LONDON (Reuters) — Growth in oil supply next year is expected to outpace an anticipated pick-up in demand that will push global consumption above 100 MMbpd for the first time, the International Energy Agency said on Wednesday.
BP Statistical Review shows long-term shifts underway
The 2017 edition of the BP Statistical Review of World Energy shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges.
Traders keep oil in Asian storage for later sale, undermine OPEC supply cuts
SINGAPORE (Reuters) — A 10% decline in oil prices since late May could push traders to keep crude in storage, looking to sell down the line when forward prices are higher.
Irving Oil completes $20-MM expansion of St. John's Marine Terminal
ST. JOHN'S, NL — Irving Oil announces the grand opening of its St. John's Marine Terminal Expansion—a $20-MM investment that will improve harbor logistics and help position St. John's Harbor for future growth. The expansion adds a new fueling berth on Pier 23, adjacent to the company's existing facilities on Pier 24, doubling the number of vessels that can access marine gas oil (MGO) via pipeline at its Marine Terminal.
EIA: Reporting oil companies’ proved reserves in 2016 decline for second consecutive year
Annual reports of 68 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the second consecutive year.
Crude oil, fuel shipping costs from Qatar set to rise on port ban
SINGAPORE (Reuters) — The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at Qatar from docking at UAE ports, multiple sources from the oil and shipping sectors said on Monday.
API welcomes senate letter supporting North American energy markets
WASHINGTON — API President and CEO Jack Gerard welcomed a letter sent by eight US Senators to US Trade Representative Lighthizer emphasizing the importance of North American energy markets to American consumers and US energy security in advance of the North American Free Trade Agreement (NAFTA) renegotiation.
- 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
