Crude oil

Maiden Bakken oil cargo to Asia ships out, with more to come

NEW YORK (Reuters) -- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.

Prices stable but visitors see some gas stations shut in N. Korea

SEOUL (Reuters) -- Some of North Korea's state-run petrol stations are restricting sales or appear to have closed, visitors said on Wednesday, ahead of a UN Security Council meeting to discuss tougher sanctions on the isolated state that could include curbs on oil imports.

Oil dips on doubts over OPEC's ability to reduce inventories

LONDON (Reuters) -- Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.

Russia elbows Saudi Arabia aside as China's top crude oil supplier in March

BEIJING (Reuters) -- Russia reclaimed its position as China's biggest crude oil supplier in March, customs data showed on Tuesday, displacing Saudi Arabia after two months in second place as Moscow fights to hang on to its slice of the Chinese market.

US East Coast refiners eye Texas oil as North Dakota alternative

NEW YORK (Reuters) -- US East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline.

Iran becomes No. 2 oil supplier to S. Korea in Q1 2017

SEOUL (Reuters) -- Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No. 2 spot on a quarterly basis.

S.Korea's GS Caltex buys Russian Urals crude for first time

SEOUL (Reuters) -- GS Caltex, South Korea's second-largest refiner, has bought Russian Urals crude for the first time, a company spokesman said on Monday.

Canada's Morneau sees no surprise in Trump's trade rhetoric

WASHINGTON (Reuters) -- Canadian Finance Minister Bill Morneau said on Friday there was no surprise from his perspective in US President Donald Trump's statements lashing out against trade with Canada, but that officials behind the scenes were open to discussions.

Despite alliance, Russian shipper holds Venezuela oil hostage over debts

ST. EUSTATIUS/HOUSTON (Reuters) -- Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 MM—money the crisis-stricken nation desperately needs.

Nebraska farmers could derail Keystone XL pipeline

NELIGH, Nebraska (Reuters) -- When President Donald Trump handed TransCanada Pipeline Co. a permit for its Keystone XL pipeline last month, he said the company could now build the long-delayed and divisive project "with efficiency and with speed."