Crude oil

Dakota Access pipeline hangs over White House tribal summit

President Barack Obama will convene his final Tribal Nations Conference, even as one of the largest Native American protests in decades continues in North Dakota.

Federal Reserve proposes new limits on Wall Street energy bets

The Federal Reserve outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments.

Russia's Rosneft to sell 96 MMt crude oil to Petrovietnam

Russia's Rosneft has signed a contract to supply 96 MMt of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam.

Asia fuel oil discount to Dubai crude at narrowest in eight months

Boosted by supply constraints and lower global inventories, the discount of 180-centistoke fuel oil in Asia to Dubai crude oil is at its narrowest in almost 8 months.

Asia oil refiners choose from 300 types of crude

Asia's oil refiners can choose from over 300 crudes from every continent, because of cheap freight and rising supplies.

US crude inventories fall unexpectedly for third week

US crude oil inventories fell sharply, the third consecutive week of unexpected declines, while gasoline stocks decreased nationwide.

Bharat Petroleum seeks upstream assets to feed refineries

Bharat Petroleum wants to buy more stakes in assets that are already producing to feed its refineries and become more self-sufficient.

India to buy 6 MMbbl of Iran oil for emergency reserves

India is set to buy 6 MMbbl of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms.

Hedge funds pile into gasoline amid pipeline, refinery woes

Money managers have amassed their largest bullish position in US gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring.

CVR’s Wynnewood refinery to receive SCOOP crude from new pipeline

Velocity Midstream has entered into definitive agreements with CVR Refining for the construction of a pipeline and terminal directly linking the fairway of the South Central Oklahoma Oil Province to CVR’s Wynnewood refinery.