crude

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, industry sources said, in a …

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 – bonds are bid. Although …

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 climbed to the highest since …

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 year, the price of crude …

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” discounts created by the threat …

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 chartered by Chevron Corp under …

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 a bit of concern about …

(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 lowest level since March 1984, …

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 said, as COVID-19 restrictions and …

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 per day this month, Kpler …

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 beat analysts’ forecasts, boosted by …

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 independent refiners curbed throughput amid …

(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 current crude price levels, Goldman …

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 months of the year, due …

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 inventories fell sharply, the Energy …

(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 million bpd in January, but …

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 its crude exports away from …

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 barrels, their lowest level since …

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 the Department of Energy. Stockpiles …

‘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 Energy (DOE) is emptying the …

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 Ukraine and subsequent sanctions against …

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 motor fuel production and sought …

(Reuters) – Here is the response by countries and companies regarding purchases of Russian oil since the war in Ukraine started on Feb. 24. Australia, Britain, Canada and the United …

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 administration appeared to reverse its …

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 firm Vortexa showed, as traders …