Crude oil
China April crude oil imports hit monthly record, refiners stocked up ahead of sanctions
China’s crude oil imports in April unexpectedly surged to a record despite refinery maintenance outages and tepid domestic fuel demand.
India cuts fuel tax, refinery prices to ease pain of rising crude
India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a liter, Finance Minister Arun Jaitley said on Thursday, the government’s latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency.
Oil shipments from Georgia's Batumi port fall by more than a third in 2017
TBILISI (Reuters) — Oil and related shipments from Georgia's Black Sea port of Batumi fell 37.6% in 2017, a senior official at the terminal, operated by Kazakh KazMunaiGas , said on Friday.
Japan's Idemitsu, Showa Shell to combine crude loading programs
TOKYO (Reuters) — Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiyu have started work to integrate the so-called loading programs through which they purchase crude, Idemitsu's CEO said.
China says will limit oil, refined product exports to N.Korea
BEIJING (Reuters) — China's Commerce Ministry said on Friday it will limit exports of crude oil, refined oil products, steel and other metals to North Korea, in line with tough new sanctions imposed by the United Nations for Pyongyang's missile tests.
Tallgrass Energy announces crude oil terminal acquisitions, developments at Pony Express
LEAWOOD, Kan. — Tallgrass Energy Partners, LP announced two strategic acquisitions by its Tallgrass Terminals business and several significant commercial developments that continue to expand the variety of services offered by Pony Express in key crude oil producing basins it serves.
Taiwan releases man on bail in suspected North Korean oil transfer
TAIPEI (Reuters) — A court in Taiwan has released on bail a man prosecutors allege to have made false declarations in the case of a Hong Kong-flagged tanker suspected of transferring oil to North Korea in violation of international sanctions.
EIA: Crude oil prices increased in 2017, Brent-WTI spread widened
Crude oil prices ended 2017 at $60/bbl, the highest end-of-year price since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/bbl in 2017, up $7/bbl from the 2016 average, and ended the year $6/bbl higher than at the end of 2016.
Oil hits new two-and-a-half year highs as higher output looms
SINGAPORE/LONDON (Reuters) — Oil prices rose on Wednesday to new two-and-a-half year highs as robust output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran.
Brazil 2017 oil exports up 25% over prior year
RIO DE JANEIRO (Reuters) — Brazilian oil exports rose nearly 25% to 51.96 MMt in 2017 compared with the prior year, Brazilian government data showed on Tuesday.
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