Crude oil

Russian oil exports to China via Skovorodino seen jumping 57% in 1Q

MOSCOW (Reuters) — Russian ESPO Blend oil exports to China via the Skovorodino-Mohe pipeline are expected to jump by 57% to 6.7 MMt in the first quarter of 2018 compared with the previous three months, sources familiar with the loading schedule told Reuters on Friday.

Oil prices edge higher on Forties outage, falling stocks

SINGAPORE/LONDON (Reuters) — Oil prices rose on Friday, supported by the continuing outage of the Forties pipeline in the North Sea and falling inventories due to OPEC-led production cuts, but climbing US output kept a lid on gains.

UK Forties oil cargoes delayed for weeks by pipeline shutdown

LONDON (Reuters) — The loading dates of cargoes of Forties crude, which help set the global Brent benchmark, have been delayed by at least two weeks and further hold-ups are likely, trade sources said, following the closure of the North Sea Forties pipeline for repairs.

S.Korea's Nov Iran crude oil imports fall to 5-month low

SEOUL (Reuters) — South Korea's Iranian crude oil imports in November dropped to the lowest level since June, due to reduced shipments from the Middle Eastern country to Asia affected by its production issues.

Ineos considers shifting refinery work due to Forties outage

LONDON (Reuters) — Ineos may bring forward maintenance work at its Grangemouth refinery in Scotland due to the unplanned outage at its Forties North Sea crude pipeline, which threatens to choke the plant's feedstock, industry sources said on Wednesday.

TransCanada clashes with pipeline opponents at Nebraska hearing

LINCOLN, Nebraska (Reuters) — Opponents of TransCanada Corp's proposed Keystone XL oil pipeline argued on Tuesday that regulators in Nebraska had no authority to approve the line's "alternative" path through the state and that the project should be considered dead.

OPEC sees balanced oil market by late 2018 as cuts erode glut

LONDON (Reuters) — OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as US and other producers outside the group pump more crude.

Indonesia's Pertamina expects to import up to 250 Mbpd of crude oil in 2018

JAKARTA (Reuters) — Indonesia's Pertamina expects to import up to 250 Mbpd of crude oil in 2018, the head of the state-owned company's procurement unit said on Tuesday.

Britain's biggest oil pipeline shut ‘for weeks’ for repairs

LONDON (Reuters) — Britain's largest oil pipeline could shut down for weeks for unscheduled repair work, sending the price of crude to new 2-yr highs and triggering a steep rally in natural gas prices, just as a cold snap sweeps the country.

Saudi Arabia to supply full Jan crude volumes to several Asian buyers

TOKYO/SINGAPORE (Reuters) — Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge of the matter said on Monday.