By Arathy Somasekhar and Stephanie Kelly HOUSTON – At least three vessels carrying crude oil from U.S. emergency stockpiles sailed for Europe in April as refiners there scrambled to replace…
By Krisztina Than and Marek Strzelecki BUDAPEST -Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers…
By Rajendra Jadhav and Mei Mei Chu MUMBAI/KUALA LUMPUR – Indonesia’s “unpredictable” palm oil export policies may help Malaysia emerge as the dominant supplier to India, the world’s top buyer…
By Gabriela Baczynska BRUSSELS – The European Union’s executive is looking to support Hungary in beefing up the eastern European state’s oil pipelines, storage and refining capacity, a spokesman said…
By Gabriel Stargardter, Gram Slattery and Rodrigo Viga Gaier RIO DE JANEIRO – U.S. government officials in March asked Brazil’s state-run oil company Petrobras whether it could increase crude output…
TOKYO – Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of Seven (G7) nations to counter Moscow’s invasion of Ukraine,…
By Chen Aizhu SINGAPORE – China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in three months, although weakening fuel…
BRUSSELS – European Union governments moved closer on Sunday to agreeing tough sanctions against Russia that include a ban on buying Russian oil, but scheduled more talks for Monday to…
Biden Copies Trump Proposal To Refill Oil Reserves — And Spends Way More Doing It Thomas Catenacci on May 6, 2022 The Biden administration announced plans Thursday to refill the…
By Marianna Parraga HOUSTON – Guyana is in “no rush” to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing a…
FLORENCE, Italy – A meeting of European Union foreign ministers will be held next week should countries from the bloc fail to reach an agreement over an oil embargo against…
By Mei Mei Chu KUALA LUMPUR – Malaysia’s palm oil inventories at the end of April likely rose for the first time in six months as production and imports climbed,…
By Elizabeth Dilts Marshall and Ross Kerber NEW YORK/BOSTON – Wells Fargo & Co unveiled new targets to reduce greenhouse gas emissions, including goals to reduce the “absolute emissions” related…
By Alex Lawler, Julia Payne and Ron Bousso LONDON/LAGOS – Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data…
Democrats Urge Biden To Boost Oil, Gas Drilling Amid Energy Crisis Thomas Catenacci on May 5, 2022 A group of House Democrats wrote to President Joe Biden Wednesday urging him…
By Marianna Parraga and Mircely Guanipa (Reuters) – Venezuela’s oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil…
By Sabrina Valle HOUSTON – Brazil’s direct sales of crude will more than double this year and rise sharply this decade, as oil majors deliver more of their output to…
By Fergal Smith TORONTO – The Canadian dollar will claw back its recent decline over the coming year, as elevated oil prices bolster Canada’s trade surplus and the central bank…
‘We Will Be Harming Ourselves’: Europe Unveils Russian Oil Ban, Signaling More Pain For Consumers Thomas Catenacci on May 4, 2022 The head of the European Union’s (EU) executive arm…
DIPLOMATIC FAIL: OPEC Once Again Rebuffs Biden’s Pleas For More Oil Thomas Catenacci on May 4, 2022 The Organization of the Petroleum Exporting Countries (OPEC), the powerful Middle Eastern oil…
By Francesco Guarascio BRUSSELS – Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters…
LONDON – BP does not expect any let off in oil prices in the near term as the volume of Russian oil impacted by Western sanctions was expectd to double,…
Biden Admin Says Oil Production Is At Historic Levels. But There’s One Problem Thomas Catenacci on April 29, 2022 Domestic crude oil production has sharply decreased for three consecutive months…
By Liz Hampton, Stephanie Kelly and Nia Williams (Reuters) – When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave…
By Richa Naidu LONDON – As a shortage of sunflower oil ripples through the global food industry, Unilever said on Thursday that it has altered some of its recipes so…