(Reuters) -A tanker carrying about 1 million barrels on Iranian heavy crude arrived in recent days in Venezuelan waters for delivery to the country’s largest refinery, according to a shipping…
By Stephanie Kelly NEW YORK – U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has shipped more refined products abroad…
(Reuters) – TotalEnergies’ 240,000 barrels per day Leuna refinery in Germany is set to continue to import Russian crude oil via the Druzhba pipeline at least throughout May, according to…
By Florence Tan and Muyu Xu SINGAPORE – Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in…
(Reuters) – Here is the response by countries regarding purchases of Russian oil following Moscow’s invasion of Ukraine on Feb. 24, and how companies have acted. COUNTRIES’ RESPONSES Australia, Britain,…
SINGAPORE – Russia’s top producer Rosneft <ROSN.MM> has issued a tender to sell June-loading ESPO Blend crude, in another attempt to get buyers to pay for supplies in full upfront…
By Chen Aizhu and Muyu Xu (Reuters) – Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while…
(Reuters) – Saudi Arabia’s crude exports in February rose to 7.307 million barrels per day (bpd), the highest level since April 2020, official data showed on Monday. Crude oil exports…
By David Gaffen (Reuters) – U.S. crude stocks surged by more than 9 million barrels, in part due to releases from the nation’s strategic reserves, while gasoline and distillate inventories…
(Corrects to insert dropped word in 3rd paragraph) By Florence Tan SINGAPORE – Top oil exporter Saudi Arabia is expected to raise crude prices to Asia in May to new…
BEIJING – Saudi Arabia regained the spot as China’s top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while Russian shipments dropped…
– Russian gas flows to Europe remain stable, but Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by buyers are starting to impact its crude oil and oil…
– Russian gas flows to Europe remain stable, but Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by buyers are starting to impact its oil sales. Some European…
ATHENS – Hellenic Petroleum, Greece’s biggest oil refiner, has clinched an initial deal to get additional crude oil supplies from Saudi Arabia, two sources from the refiner said on Tuesday.…
By Nidhi Verma NEW DELHI – Indian Oil Corp, the country’s top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its…
– Australian refiner Viva Energy said on Tuesday it would stop buying Russian crude oil, joining a growing number of companies to sever trade ties with the country over its…
By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s economy minister backs a proposal to expand cooking gas subsidies for low-income families in response to soaring crude prices during the…
President Joe Biden will join other Western nations in releasing a total of 60 million barrels of crude oil amid the Ukraine crisis, the coalition announced Tuesday. Overall, 31 member…
The White House has pushed the so-called green transition in the wake of the Ukraine crisis, arguing it proves global oil market dependence is unstable. President Joe Biden believes that…
– U.S. shale oil firm EOG Resources Inc on Thursday reported a jump in fourth-quarter profit as crude prices soared to multi-year highs following a rebound in demand as the…
– U.S. shale producer Occidental Petroleum Corp on Thursday reported a fourth-quarter profit compared with a year-ago loss, as a recovery in demand has driven crude prices to multi-year highs…
– Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose 14.5% in the fourth quarter from the third, helped by a surge in…
By Florence Tan SINGAPORE -Middle East benchmark Dubai crude soared to a record this week while spot premiums for April-loading Russian oil jumped to their highest in more than two…
KUALA LUMPUR – Malaysia has maintained its March export tax for crude palm oil at 8% and raised its reference price, a document on the Malaysian Palm Oil Board website…
A large group of House Republicans penned a letter to top Biden administration officials Friday, urging them not to ban U.S. crude oil exports. The GOP lawmakers, led by Texas…