Crude oil
US crude stocks unexpectedly fall as refiners run in overdrive
The EIA report was "modestly supportive" with the jump in refinery runs and fall in imports "obvious catalysts in causing overall crude oil inventories to decline," a key analyst said.
Asian refiners turn to Middle East’s heavy crudes over Latin America
Latin American crude sold to Asia fell 1% in the first three months of 2016 from a year ago, while Middle East exports to Asia rose 7% in the first quarter, according to new data.
Strong oil demand from China’s teapot refiners drives tanker jam
China's independent refiners, freed of government constraints after securing permission to import just last year, have gorged on plentiful low-cost crude in 2016. This has created delays for tankers that have quadrupled to between 20 to 30 days at Qingdao port in Shandong province.
Oil prices extend losses as gasoline glut looms
The decline on Tuesday follows data showing US gasoline demand during January fell for the first time in 14 months, while overall US oil demand fell 1% that month from a year ago.
Industry Metrics
US product markets weakened despite strong domestic gasoline demand.
US, Indian gasoline demand boosts outlook for oil
Hedge funds have turned very bullish about the outlook for oil prices based on indicators showing strong gasoline demand in the US and India.
Iran’s lack of storage access limits oil exports to European refiners
Some 45-50 million barrels of Iran's oil are estimated to be held in tankers at sea, barely changed from the amounts thought to be in floating storage before sanctions were lifted at the start of the year.
Oil price war scares sense of US energy security
Imports will almost certainly increase further over the remainder of the year as refineries ramp up production to meet record gasoline consumption and US crude output continues to decline.
US energy workers hit hard by investment in company stock plans
In Oklahoma and Texas, workers are delaying retirement plans, surrendering trucks, cars and land in personal bankruptcy cases, or just praying oil prices will recover.
Russia exports more oil as refineries go offline
Russian refineries traditionally have the largest offline capacity in April, as companies scramble to finish maintenance before consumption of oil products peaks in summer.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- China's November fuel oil imports up 15% from October 12/22
- API releases new recommended practice for the safe transport of CO2 by pipeline 12/22
