oil

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 …