Colombia cops seize 7.3 million gallons of crude in raids on illegal refineries
By Oliver Griffin BOGOTA (Reuters) -Colombian police have seized more than seven million gallons of crude oil in raids on illegal refineries, in an operation …
crude
U.S. sanctions UAE shipping firm for violating Russian crude oil price cap
WASHINGTON (Reuters) – The U.S. Treasury on Thursday said it imposed sanctions on a United Arab Emirates-based shipping company for violating the $60-per-barrel price cap …
Marketmind: Crude shrugs at Yemen strikes, banks report
A look at the day ahead in U.S. and global markets from Mike Dolan Much like the slightly peculiar debt market nonchalance after December’s sticky …
US crude output reaches monthly record in August at 13.05 million bpd -EIA
By Stephanie Kelly NEW YORK (Reuters) – U.S. field production of crude oil rose to a new monthly record in August at 13.05 million barrels …
Instant view: China’s soybean and copper imports fall on year, crude oil up
(Reuters) – China’s exports and imports shrank at a slower pace for a second month in September, customs data showed on Friday, adding to the …
US judge refuses to overturn Exxon permit denial to truck crude oil in California
By Clark Mindock (Reuters) – A U.S. judge on Wednesday refused to overturn a California county’s decision to block Exxon Mobil Corp from using tanker …
US crude prices above $90/bbl ignite inflation worries
By Arathy Somasekhar HOUSTON (Reuters) – Crude oil prices above $90 a barrel in the United States stirred worries that inflation could rise further in …
China’s ‘teapot’ refiners mop up swelling Iranian crude, defying U.S. curbs
By Muyu Xu SINGAPORE (Reuters) – Appetite for Iranian crude is growing in China, the world’s biggest oil importer, after the extension of supply cuts …
US says it disrupts illicit oil shipment by Iran’s IRGC, seizes contraband crude
By Arathy Somasekhar and Jonathan Saul HOUSTON (Reuters) -The U.S. on Friday divulged it disrupted in April a multimillion-dollar shipment of crude oil by Iran’s …
Analysis-Asia’s refiners face profit crunch as Kuwait cuts crude exports
By Muyu Xu SINGAPORE (Reuters) – Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports …
Exclusive – Mexico’s Pemex to lose some 100,000 bpd of crude this month after fire – source
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per …
Record U.S. crude exports, rising shale output boosts oil flow to Houston
By Arathy Somasekhar HOUSTON (Reuters) – Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as …
In change for oil market, new US crude in Brent index lacks loading plan
By Alex Lawler LONDON (Reuters) – The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to …
OPEC+ may spur U.S. crude oil exports, tick production higher
By Stephanie Kelly and Liz Hampton (Reuters) – OPEC’s surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia …
TSX set for higher open as crude oil prices soar
Canada’s main stock index edged up on Monday, tracking strength in crude oil prices, while investors watched out for March manufacturing activity data due later …
Marketmind: Crude cut complicates Q2
A look at the day ahead in U.S. and global markets from Mike Dolan An aggravating jump in crude oil prices greets the start of …
China Jan-Feb crude steel output up 5.6 % on yr – stats bureau
BEIJING (Reuters) – China’s crude steel output in the first two months of 2023 rose 5.6% from a year earlier, official data showed on Wednesday, …
Exclusive-Russian crude oil heads to UAE as sanctions divert flows
By Alex Lawler LONDON (Reuters) – The United Arab Emirates has been taking more cargoes of Russian crude oil, according to ship tracking data and …
Factbox-How the EU ban on Russian crude affects oil flows
(Reuters) – Russian crude oil exports to the European Union slipped to around 600,000 barrels per day (bpd) in January as seaborne volumes dried up …
U.S. crude and petroleum products demand rises in November -EIA
NEW YORK (Reuters) -Demand for U.S. crude and petroleum products rose 178,000 barrels per day (bpd) in November to 20.59 million bpd, the highest since …
SUZANNE DOWNING: Biden’s Crude Oil Supply Raid Has Plunged America Into Crisis
SUZANNE DOWNING: Biden’s Crude Oil Supply Raid Has Plunged America Into Crisis Suzanne Downing on January 29, 2023 Rep. Steve Scalise of Louisiana got it …
U.S. crude stocks highest since June 2021 as fuel demand falls -EIA
By Laura Sanicola (Reuters) – U.S. crude inventories rose last week as demand for fuels tapered off, and while the increase was less than expected, …
EIA data shows surprise U.S. crude stock build after winter storm
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude stocks built unexpectedly last week, the Energy Information Administration said, as refiners were slow to restore production …
Morgan Stanley sees Brent crude oil back at around $110/bbl by mid-2023
(Reuters) – Morgan Stanley on Wednesday said it expects Brent crude oil prices to rally to around $110 per barrel level by mid-2023, citing support …
U.S. crude stocks soar by more than 10 million barrels – EIA
By Arathy Somasekhar (Reuters) – U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, buoyed by …
Azerbaijan’s SOCAR halts Russian crude supplies to Turkish refinery
By Rowena Edwards and Julia Payne LONDON/MOSCOW (Reuters) – Azerbaijan’s state oil firm SOCAR has paused purchases of Russian crude oil for its Turkish refinery, …
Marketmind: Bonds lap up crude, costs and Canada
A look at the day ahead in U.S. and global markets from Mike Dolan. The big consensus bet of 2023 is already in full swing …
U.S. crude stocks drop; fuel stocks post large builds -EIA
By Stephanie Kelly (Reuters) – U.S. crude stocks fell in the latest week while gasoline and distillate inventories posted big builds, as oil refiners’ utilization …
Marketmind: Crude deflation?
A look at the day ahead in U.S. and global markets from Mike Dolan. With everyone on Wall St seemingly hand wringing about stagflation next …
U.S. Treasury says oil price cap ‘institutionalizing’ Russian crude discounts
NEW YORK (Reuters) – The European Union’s agreed $60 per-barrel price cap on Russian seaborne crude oil will keep global markets well supplied while “institutionalizing” …
U.S. oil refiner Valero, rivals pursue Chevron for Venezuelan crude
By Marianna Parraga HOUSTON (Reuters) – U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes …
U.S. crude inventories fall as fuel stocks build on strong refining activity
By David Gaffen (Reuters) – U.S. crude stockpiles fell while gasoline and distillate inventories both rose substantially last week as refiners ramped up production, alleviating …
U.S. crude oil stocks in SPR fall to lowest level since March 1984 – EIA
(Reuters) – U.S. crude oil stocks in the Strategic Petroleum Reserve fell by 1.6 million barrels in the latest week to 390.5 million barrels, the …
Chinese refiners seek less Saudi crude as demand weak
By Muyu Xu SINGAPORE (Reuters) – Several Chinese refiners have asked Saudi Aramco to reduce December-loading crude oil volumes, two sources close to the matter …
U.S. crude oil exports to Asia poised to hit record high
By Arathy Somasekhar and Muyu Xu HOUSTON/SINGAPORE (Reuters) – Deliveries of U.S. crude oil to Asia are set to touch a record 1.8 million barrels …
Saudi Aramco Q3 net income jumps 39% on higher crude prices
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that …
China’s Sept crude oil imports fall, fuel exports hit 15-mth high
By Chen Aizhu SINGAPORE (Reuters) – China’s crude oil imports in September were 2% below their level a year earlier, data showed on Monday, as …
Goldman: U.S. SPR crude releases to have modest price influence
(Reuters) – The Biden administration’s plan to continue releasing the Strategic Petroleum Reserves (SPR) “as appropriate” to bring down retail rates poses limited downside from …
Japan’s Oct-Dec crude steel output forecast to slip
By Yuka Obayashi and Kantaro Komiya TOKYO (Reuters) -Japan’s crude steel output is expected to fall for a fourth consecutive quarter in the last three …
U.S. crude stockpiles surge on reserve releases; distillates draw down – EIA
By David Gaffen (Reuters) – U.S. crude stocks rose by nearly 10 million barrels last week after another big release from government reserves, while distillate …
Factbox-How much crude oil does the EU still import from Russia?
(Reuters) – Russian oil imports into the European Union and United Kingdom fell 35% to 1.7 million barrels per day (bpd) in August from 2.6 …
Explainer-When EU embargo comes, where will Russia sell its crude oil?
MOSCOW (Reuters) – Russia has ramped up oil shipments to Asia since Europe imposed sweeping sanctions, but still needs to re-route over a quarter of …
Crude in U.S. emergency reserve falls to lowest since Nov. 1984
HOUSTON (Reuters) – Crude inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sep. 2 to 442.5 million …
Crude in U.S. emergency reserve falls to lowest since Dec. 1984
HOUSTON (Reuters) – Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from …
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude Jack McEvoy on August 2, 2022 President Joe Biden’s Department of …
Explainer: Can U.S. port infrastructure handle more crude exports?
By Stephanie Kelly NEW YORK – U.S. crude shippers are exporting huge amounts of oil to meet strong demand from Europe following Russia’s invasion of …
U.S. steps up heavy crude imports as Biden blasts profiteering
By Arathy Somasekhar HOUSTON – U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up …
Factbox-Who is buying Russian crude oil and who has stopped
(Reuters) – Here is the response by countries and companies regarding purchases of Russian oil since the war in Ukraine started on Feb. 24. Australia, …
CRUDE FLIP-FLOP: Biden’s Energy Sec Now Open To Oil Ban, But Will It Actually Lower Gas Prices?
CRUDE FLIP-FLOP: Biden’s Energy Sec Now Open To Oil Ban, But Will It Actually Lower Gas Prices? Thomas Catenacci on May 25, 2022 The Biden …
Cargoes of Russia’s flagship crude oil at sea climb to record high
HOUSTON – Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics …