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Crude oil

China steps up Russian oil imports as teapots buy Urals crude

MOSCOW/SINGAPORE (Reuters) -- Russian crude imports to China have risen in early 2017 as the country's independent, or teapot, refiners have expanded their diet to include the Urals grade, trade sources said on Tuesday.

OPEC reports big Saudi oil cut, boosting compliance with deal

LONDON (Reuters) -- Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group's supply-reduction deal to a record high of more than 90%.

Oil rises on signs of widespread OPEC deal compliance

LONDON (Reuters) -- Oil prices rose about $1 on Friday after reports that OPEC members delivered more than 90% of the output cuts they pledged in a landmark deal that came into force in January.

China's Jan crude imports rise to third-highest on record

(Reuters) -- China's crude imports in January rose 27.5% from a year earlier to the third-highest volume ever, suggesting robust demand to fill storage and to make up the shortfall as domestic production continues to fall.

Russia to boost Urals exports in first half despite cutting oil output with OPEC

MOSCOW (Reuters) -- Russia is set to post higher exports of Urals crude for the first half of this year despite cutting oil production ahead of schedule under a deal with OPEC aimed at boosting prices.

Venezuela falls behind on oil-for-loan deals with China, Russia

HOUSTON/CARACAS (Reuters) -- Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters.

EIA: US export to Mexico value more than twice import value in 2016

Energy trade between Mexico and the United States has historically been driven by Mexico’s sales of crude oil to the United States and by US net exports of refined petroleum products to Mexico. Through 2014, Mexico’s exports of crude oil to the United States were the most valuable component of bilateral energy trade, with the overall value of Mexico’s US crude oil sales far exceeding the value of US net sales of petroleum products, primarily gasoline and diesel fuel, to Mexico. From 2006 through 2010, for example, the value of US energy imports from Mexico were two to three times greater than the value of US energy exports to Mexico.

Saudi to supply full March oil volumes to two Asian buyers

SINGAPORE (Reuters) -- Saudi Aramco will supply full contract volumes of crude oil to two Asian buyers in March, two industry sources with knowledge of the matter said on Wednesday.

IEA: The changing landscape of energy investment

As the global energy sector undergoes deep transformations, investment decisions are more important than ever. They play a critical role for energy security and environmental sustainability and will shape the energy landscape for years to come.

EIA: US oil output is expected to grow less than expected in 2017

NEW YORK (Reuters) -- US oil production is expected to rise 100,000 bpd to 8.98 million barrels in 2017, 0.3% less than previously forecast, according to a monthly US government report released on Tuesday.