Crude oil
Oil prices edge up to two-week high on dip in US output
NEW YORK (Reuters) — Oil futures edged up less than 1% after hitting a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly US crude production temporarily alleviated concerns about deepening oversupply.
UAE energy minister says no talk about further OPEC supply cuts
PARIS (Reuters) — There is no talk of further oil output cuts by the Organization of the Petroleum Exporting Countries and its allies despite only a slow drawdown in inventories, the United Arab Emirates' energy minister said on Thursday.
OPEC in no rush on deeper oil output cut, to look at in July
LONDON (Reuters) — OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits, OPEC delegates said, although a meeting in Russia next month is likely to consider further steps to support the market.
EIA: US exports of crude oil, petroleum products more than doubled since 2010
US crude oil and petroleum product gross exports have more than doubled over the past 6 yr, increasing from 2.4 MMbpd in 2010 to 5.2 MMbpd in 2016. Exports of distillate, gasoline, propane and crude oil have all increased, but at different paces and for different reasons.
Asserting 'dominance,' Trump seeks boost for US energy exports
WASHINGTON (Reuters) — President Donald Trump on Thursday will lay out his plan for reducing regulations to boost already-abundant US production of oil, natural gas and coal and export it around the world, creating American jobs and helping allies.
Oil holds above November lows but under threat from US supply
LONDON (Reuters) — Oil edged up for a third straight session on Monday, climbing off last week's seven-month lows but with gains capped by the relentless rise in US supply and bloated global inventories.
Clogged oil arteries slow US shale rush to record output
GUERNSEY, WYOMING (Reuters) — A gallon of gasoline that allows a driver on the US East Coast to travel about 25 mi has already navigated thousands of miles from an oil field to one of the world's largest fuel markets.
Russia keeps top spot as China oil supplier in May, Angola pips Saudi again
BEIJING (Reuters) — For the third month in a row, Russia has maintained its spot as China's top crude oil supplier and Angola clung onto the second spot over Saudi Arabia, data from Chinese customs for May imports showed on Friday.
Iraq's oil exports in June near May level, oil minister says
BASRA, Iraq (Reuters) — Iraq's oil exports from fields owned by the central government in Baghdad are at around 3.27 MMbpd so far in June, about the same level as in May, Oil Minister Jabar al-Luaibi said on Thursday.
Petrobras revives plan for IPO of fuel distribution unit
SAO PAULO (Reuters) — Petróleo Brasileiro SA is reviving an initial public offering of fuel distribution unit BR Distribuidora to cut the Brazilian state-controlled oil company's debt and investment in low-return activities, Chief Executive Officer Pedro Parente said on Thursday.
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