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Crude oil

Iraq's exports from southern oilfields hit record 3.535 MMbpd in Dec

BAGHDAD (Reuters) — Oil exports from Iraq's southern Basra ports rose to a record high of 3.535 MMbpd in December from 3.5 MMbpd the previous month, two oil officials said on Monday.

Oil trades near strongest levels since mid-2015 on Iranian unrest

SINGAPORE/LONDON (Reuters) — Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.

US crude ends year above $60 on strong global oil demand

CALGARY, Alberta (Reuters) — US oil prices closed above $60/bbl on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12% gain spurred by strong demand and declining global inventories.

Glencore sells parts of oil storage to China's HNA, awaits US clearance

HONG KONG (Reuters) — Swiss-based trading and mining giant Glencore Plc has partly completed the sale of a 51% stake in its storage and logistics businesses to a unit of China’s HNA Group, although transfer of some assets is pending US clearance.

After Trump criticism, China denies selling oil illicitly to N.Korea

BEIJING/WASHINGTON (Reuters) — China on Friday denied reports it has been illicitly selling oil products to North Korea after US President Donald Trump said he was not happy that China had allowed oil to reach the isolated nation.

Oil prices stay near high on strong US refinery runs, China data

NEW YORK (Reuters) — Oil prices edged up on Thursday, remaining near 2-1/2-year highs after data showed strong demand for crude imports in China and on increased US refining activity that drew more crude from inventories.

Ineos sees Forties oil flows back to normal around new year

LONDON (Reuters) — Britain's biggest and most important oil and gas pipeline Forties should resume normal flows around the new year, slightly earlier than previously flagged, its operator Ineos said on Thursday.

Asia's monthly Iran oil imports skid to lowest in Nov since Apr 2016

TOKYO (Reuters) — Imports of Iranian crude oil by major buyers in Asia tumbled 29% in November from the same month a year ago to the lowest volumes since April 2016, government and ship-tracking data showed.

Libya needs a week to repair blown-up oil pipeline

TRIPOLI/BENGHAZI, Libya (Reuters) — A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC told Reuters on Wednesday.

Oil falls from 2015 highs as rally runs out of steam

CALGARY, Alberta (Reuters) — Oil prices dipped on Wednesday after hitting a near two-and-a-half year high in the previous session as a rally fueled by supply outages in Libya and the North Sea ran out of momentum.