Crude oil
Risk premium returns to oil over Iraq fighting, rising US-Iran tensions
SINGAPORE (Reuters) — A risk premium has returned to oil markets with a vengeance, boosting global price benchmarks as escalating fighting in Iraq threatens supplies while political tensions loom between the United States and Iran.
Newest outpost for US crude exports: India
NEW YORK/NEW DELHI (Reuters) — India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of US grades to diversify their imports.
S.Korea's Sept Iranian crude oil imports rise to 6-month high
SEOUL (Reuters) — South Korea’s imports of Iranian crude oil hit the highest level in 6 mos. in September amid Iran’s push to regain its lost market share during years it was under sanctions over its nuclear program.
Russia reaches outline debt restructuring agreement with Venezuela
MOSCOW (Reuters) — Russia has reached a general agreement with Venezuela on restructuring its debt to Moscow, RIA news agency cited Russian Finance Minister Anton Siluanov as saying on Saturday.
SK Energy to import 6.5 MMbbl of US crude for Nov–Jan arrival
SEOUL (Reuters) — South Korea’s SK Energy has bought 6.5 MMbbl of US crude to be delivered between November and January, a company spokeswoman said on Monday, as the country’s top oil refiner steps up imports of the competitively priced oil.
Asia oil buyers turn to US in hunt for cheap supply
SINGAPORE/NEW YORK (Reuters) — Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit US demand for the commodity at a time of rising production in the country.
Oil rallies on Chinese import boost and Mideast tensions
LONDON (Reuters) — Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a more than 3% weekly gain.
China Sept crude oil, gas imports jump ahead of winter fuel demand
BEIJING (Reuters) — China’s September crude oil imports climbed to the second highest level on record, while natural gas imports rose nearly 5%, official customs data showed on Friday, as the world’s top energy consumer shored up fuel supplies for winter.
Mercuria: Record US oil exports set to surge further
LONDON (Reuters) — Already record US oil exports are set to surge further in the coming month as stored oil in one of the world's last areas of excess stockpiles pours into global markets, the chief executive of trading house Mercuria, Marco Dunand, said.
US oil pipeline rivals look to consolidate West Texas projects
HOUSTON (Reuters) — As shale oil producers have rushed back into the Permian Basin after a downturn, US pipeline firms have scrambled to plot new pipelines to take all that petroleum from West Texas to refineries, export hubs and petrochemical plants.
- Uniper and AM Green sign long-term offtake agreement for up to 500,000 tpy of renewable ammonia from India 1/12
- Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 B 1/12
- Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets 1/12
- Brazil's diesel imports hit record in 2025 amid local production decline 1/12
- Vitol to load first diluent cargo under Venezuela supply deal last weekend 1/12
- Maersk explores more ethanol use for green fuel to cut reliance on China 1/12
