Crude oil
For North Korea, cutting off oil supplies would be devastating
BEIJING/SEOUL (Reuters) -- Isolated North Korea doesn't consume much oil, but curbing or cutting off its supplies in retaliation for further nuclear or long-range missile tests would be painful and potentially destabilizing to the regime of Kim Jong Un.
Enterprise sets record for volumes at Texas gulf coast marine terminals
HOUSTON -- Enterprise Products Partners L.P. announced that the combined exports and imports of hydrocarbons across its marine terminals, including 18 deepwater docks along the Texas Gulf Coast, totaled a record 146 MMbbl on a gross basis during the first quarter of 2017.
Saudi Aramco to supply full crude contract volumes to Asia, offers more light oil
SINGAPORE/TOKYO (Reuters) -- The world's top oil exporter Saudi Arabia has stepped up sales of light oil to Asia by offering buyers more cargoes on top of the full contract volumes it will provide for May, industry sources with knowledge of the matter said on Wednesday.
OPEC figures show oil output cuts exceed pledge in March
DUBAI/LONDON (Reuters) -- OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut in eight years.
OPEC's war on oil overhang starts to bear fruit
LONDON (Reuters) -- OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.
EIA: US crude oil imports increased in 2016
Gross US crude oil imports in 2016 rose to an average of 7.9 MMbpd, 514,000 bpd more than the 2015 average. Net crude oil imports increased by a smaller amount (460,000 bpd), as US crude oil exports rose despite a decline in US crude oil production.
First oil tanker for Myanmar-China pipeline starts offloading
BEIJING (Reuters) -- First oil tanker carrying 140,000 t of crude oil started discharging on Monday for delivery into a 480 mi Myanmar oil pipeline, China's state news agency Xinhua reported.
Hyundai Oilbank buys 2nd US Southern Green Canyon crude for June
SEOUL (Reuters) -- Hyundai Oilbank, South Korea's smallest refiner by capacity, will receive its second cargo of US Southern Green Canyon crude in June, a company spokesman said on Monday.
Oil rises towards $56 on Libyan field shutdown, Syria
NEW YORK (Reuters) -- Oil rose toward $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield over the weekend and geopolitical tensions following last week's US missile strike on Syria.
China, Myanmar reach agreement on oil pipeline
BEIJING (Reuters) -- China and Myanmar have reached an agreement on an oil pipeline between the neighboring countries and the project will open "very quickly," China's vice foreign minister Liu Zhenmin said on Monday.
- Mideast conflict turbocharges diesel prices, squeezing Europe 6/23
- Pertamina is looking to import > 200,000/month of 90-octane gasoline 6/23
- Japan will mitigate potential gasoline price spike, prime minister says 6/23
- Linde to invest $400 MM to build the world-scale air separation unit 6/23
- OEG signs major partnership agreement in Qatar 6/23
- U.S. Supreme Court lets fuel producers challenge California emissions standards 6/23
