Crude oil
Iran's oil exports to China to rise to 11-month high in August
TOKYO/SINGAPORE (Reuters) — Iran's oil exports to China may rise to the highest in 11 months in August as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said on Thursday.
West African oil booms as refineries cash in on high margins
LONDON (Reuters) — Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage in certain types of crude amid OPEC production cuts and Venezuelan troubles.
Azerbaijan's oil shipments via Russia jump to 818,664 t in Jan–July
BAKU (Reuters) — Azerbaijan's oil shipments via Russia jumped to 818,664 t in January–July this year from 559,065 t in the same period last year, state oil company SOCAR said on Tuesday.
Iraq's July oil exports dip on lack of shipments from Kirkuk
BAGHDAD (Reuters) — Iraq's oil exports fell to 3.230 MMbpd in July from 3.273 MMbpd in June as no shipments were made from the northern Kirkuk field, the oil ministry said on Tuesday.
Oil near two-month high as producers set to meet again
LONDON (Reuters) — Oil prices rose on Monday, putting July on track to become the strongest month so far this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of US sanctions against Venezuela.
US oil sale ban to Venezuela's PDVSA would hit refining, blending
HOUSTON (Reuters) — Potential US sanctions on sales of light crude to Venezuela's oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state-run firm and Thomson Reuters data.
Asian imports of Iranian oil hit 14-month low
TOKYO (Reuters) — Imports of Iranian crude by major buyers in Asia fell for a second month in a row to a 14-month low in June, weighed down by sluggish purchases by China and Japan.
API: Petroleum demand last month highest for June since 2007
WASHINGTON — Total petroleum deliveries moved up 2.6% from June 2016 and were up by 1.0% from May to average 20.3 MMbpd in June, according to the American Petroleum Institute. These deliveries were the highest deliveries for the year and the highest deliveries for the month of June in 10 yr, since 2007.
North Sea Ekofisk crude exports to be 240,000 bpd in Sept
LONDON (Reuters) — Exports of North Sea crude stream Ekofisk will be 240,000 bpd in September, down slightly from 252,000 bpd in August, an industry source with direct knowledge said.
Vietnam plans to spend over $6 B for crude oil, fuel storage
HANOI/SINGAPORE (Reuters) — Vietnam plans to spend more than $6 B to build a strategic petroleum reserve and to expand commercial storage for crude oil and oil products by 2025, according to a document reviewed by Reuters.
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- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
