Crude oil

Thai Oil buys first crude cargoes from Oman, US amid OPEC cuts

SINGAPORE (Reuters) -- Thailand's largest oil refiner Thai Oil has bought its first ever cargoes of US Eagle Ford crude and Oman crude as its diversifies purchases amid OPEC production cuts, two sources with knowledge of the matter said on Friday.

Saudi exports to US to fall by 300,000 bpd in March

DUBAI (Reuters) -- Saudi Arabia's crude exports to the United States in March will fall by around 300,000 bpd from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official said on Thursday.

Oman says it could cut crude exports by 15% from June for Sohar refinery

SINGAPORE (Reuters) -- Non-OPEC oil producer Oman has notified customers in Asia that it could reduce supplies of crude by 15% from June to meet demand at a domestic refinery, and as part of its commitment to cut output under a landmark producers' agreement, three people who received the notices said on Friday.

TransCanada gets presidential permit for Keystone XL pipeline

(Reuters) -- TransCanada Corp said on Friday the US Department of State issued a presidential permit for the construction of the Keystone XL oil pipeline, a project blocked by former President Barack Obama.

Venezuelans line up for gasoline as OPEC nation's oil industry struggles

CARACAS/PUNTO FIJO, Venezuela (Reuters) -- Grumbling Venezuelans were lining up for scarce gasoline across the OPEC nation on Wednesday, due to mounting oil industry woes in the country with the world's largest crude reserves.

EIA: US crude stockpiles at record high as imports surge

(Reuters) -- US crude oil stocks rose to a fresh record last week, the Energy Information Administration said on Wednesday, as a surge in imports and rising domestic production more than offset a hike in refinery runs.

PetroChina's head of crude oil trading resigns, replaced by deputy

BEIJING (Reuters) -- The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company, a rare departure from a state-owned enterprise known for retaining talent in the midst of rapid expansion.

Indonesia police say Interpol issues red notices for 3 Sinopec execs

JAKARTA (Reuters) -- Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia.

Beset by delays, Myanmar-China oil pipeline nears start-up

YANGON/BEIJING (Reuters) -- Nearly a decade in the making, a project to pump oil 480 mi across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route.

OPEC leans towards oil cut extension, but non-members need to be in

DUBAI/LONDON (Reuters) -- OPEC oil producers increasingly favor extending beyond June a pact on reducing crude supply to balance the market, sources within the group said, although Russia and other non-members need to remain part of the initiative.