Tanker arrives in Venezuelan waters to discharge Iranian crude -document, data
(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 …
crude
U.S. fuel prices surge faster than crude as exports tighten market
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 …
Total’s German Leuna refinery to continue Russian crude imports in May – sources
(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 …
Saudi Arabia may cut June crude prices to Asia from record highs
By Florence Tan and Muyu Xu SINGAPORE – Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after …
Factbox-Who is buying Russian crude oil and who has stopped
(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 …
Rosneft issues June ESPO crude tender, requests for rouble payment
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 …
China imports 13% less crude oil from Saudi in March, 14% less from Russia -customs
By Chen Aizhu and Muyu Xu (Reuters) – Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained …
Saudi Feb crude exports hit near two-year high – JODI
(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 …
U.S. crude stocks surge on strategic reserve release
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, …
Saudi Arabia may raise May crude prices to Asia to new record levels
(Corrects to insert dropped word in 3rd paragraph) By Florence Tan SINGAPORE – Top oil exporter Saudi Arabia is expected to raise crude prices to …
Saudi Arabia is China’s top crude supplier again as Russian oil falls 9%
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 …
Factbox-Countries and companies shun Russian crude over Ukraine invasion
– 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 …
Factbox-Countries and companies shun Russian crude over Ukraine invasion
– 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 …
Exclusive-Hellenic clinches initial deal to ramp up crude oil supplies from Saudi Arabia
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 …
India’s top refiner IOC buys 3 million bbls Russian Urals crude via tender -sources
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 …
Australian refiners cease purchase of Russian crude oil, voice support for Ukraine
– Australian refiner Viva Energy said on Tuesday it would stop buying Russian crude oil, joining a growing number of companies to sever trade ties …
Brazil economy minister backs bigger cooking gas subsidies as crude costs soar -sources
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 …
Biden, Allies Again Tap Emergency Crude Oil Stockpiles Amid Ukraine Crisis
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 …
Jen Psaki Says US Needs To ‘Move Away’ From Crude Oil Altogether Amid Ukraine Crisis
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. …
EOG Resources posts higher profit as crude prices scale multi-year highs
– 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 …
Occidental Petroleum posts profit on soaring crude prices
– 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 …
Chesapeake Energy reports higher profit on soaring crude prices
– 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, …
Tight supplies lift Mideast and Russian crude grades to multi-year highs
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 …
Malaysia keeps March crude palm oil export duty at 8%
KUALA LUMPUR – Malaysia has maintained its March export tax for crude palm oil at 8% and raised its reference price, a document on the …
Dozens Of Republicans Slam Biden Administration For Considering Crude Oil Export Ban
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 …