Crude oil
Oil prices up 2% to 6-week high on supply concerns
Oil prices climbed about 2% to a six-week high as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.
Asia oil markets eye Kuwait Al Zour's exports as final CDU starts up
Oil markets in Asia are bracing for further growth in exports from Kuwait's newest Al Zour refinery as the complex started up its third and final crude distillation unit this week, with trade sources saying the full impact was likely to be felt later in the third quarter as it ramps up operation.
Iran seizes tanker with 900 tons of 'smuggled fuel'
Iran's Revolutionary Guards seized a tanker holding 900 metric tons of "smuggled fuel" and 12 crew members based on a court order, a report by the semi-official Fars news agency said.
Kuwait hopes to have higher oil production quota as country ramps up capacity
Kuwait's oil minister said that his country hopes to have a higher oil production quota when it ramps up capacity, and that Kuwait remains committed to OPEC decisions.
CPC limits oil intake due to power outage in Kazakhstan
The Caspian Pipeline Consortium has stopped three pumping stations in western Kazakhstan because of a power outage in the region, the CPC said.
India tops Russian Urals oil purchases in June as China retreats
India bought 60% of all Russian Urals oil exports in June with strong demand from all refiners, while shipments to China dropped to just 7% as independent refiners slowed buying, trading sources and data showed.
Power supply returning to Kazakhstan oil refinery, pipeline after outage
Power supply is returning in Kazakhstan after a significant outage affected an oil refinery, major oilfields and the CPC export pipeline, the Central Asian nation's energy ministry said.
Atyrau oil refinery in Kazakhstan halted due to power outage
The Atyrau oil refinery in western Kazakhstan was completely halted due to power outage.
Kuwait's KIPIC puts out fire at al-Zour refinery
Kuwait Integrated Petroleum Industries Company put out a fire at the al-Zour refinery without any reported injuries, a company spokesperson said.
U.S. crude oil output fell in April as demand slowed
U.S. field production of crude oil fell in April to 12.615 million bpd, its lowest since February, the U.S. Energy Information Administration said.
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