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Crude oil

Iran secures two more European refiners as customers for its oil

Both refiners bought Iran's oil before sanctions against the country's nuclear program effectively halted its shipments to Europe, which had accounted for more than a third of its exports.

Refining’s silver lining fades at Exxon, Chevron

Growing fuel inventories and weak demand are now hammering the refining industry, turning a typical advantage for integrated oil companies on its head.

Looming gasoline glut threatens global recovery in crude oil prices

Several major gasoline importing countries have started to export, as excess supplies of fuels overflow storage facilities and erode refinery profits.

Kuwait oil, gas workers end three-day strike

Kuwaiti oil and gas workers have ended a three-day strike that had temporarily cut the OPEC member's crude production by nearly half, according to the trade union.

Nigeria’s NNPC fights for more crude cargoes to exchange for gasoline

The dispute has delayed some of the country's monthly oil export programs and added to confusion over just how much crude Nigeria has at its disposal to exchange for gasoline.

ExxonMobil exports first cargo of offshore US oil to Rotterdam refinery

The vessel carrying offshore oil from the US Gulf of Mexico departed from Gramercy, Louisiana, in early April and is expected to arrive in Rotterdam on April 19, according to the data.

China’s crude import growth slows as refining inventories swell

Independent refineries in China have been ramping up their crude processing rates and boosting fuel sales as low global oil prices provide higher margins.

Nigeria destroys two illegal oil refineries in Delta

The six people arrested, alleged to have been running a warehouse to store illegally refined products, were arrested in Rivers state. The navy also said it had destroyed two illegal refineries.

Union: Kuwait’s oil, gas worker strike remains on course for Sunday

"There are no negotiations between the unions and the government over the strike," Farhan al-Ajmi, head of the Petrochemicals Industries Co. workers union, told Reuters.

Kuwait’s oil, gas workers plan to go on strike

Workers fear reduced salaries, benefits and layoffs will be part of a planned government overhaul of the payroll system in the public sector, according to the union.