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Crude oil

US crude discount to Brent widens on Trump tax talk, OPEC

NEW YORK (Reuters) -- US oil prices hit their biggest discount to global benchmark Brent crude in five months on Tuesday as President-elect Donald Trump said an oil import tax plan would be too complex and as a global deal to reduce supply hits Middle East output.

Operations at Venezuelan oil terminal halted by spill

(Reuters) -- Shipping operations at one of three docks of Venezuela's main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India, union and shipping sources told Reuters on Tuesday.

Oil up on Saudi commitment to cut; US output seen rising

CALGARY, Alberta (Reuters) -- Oil prices were up on Monday, buoyed by Saudi commitments to reducing production, even as US output is expected to increase again this year.

Venezuela's PDVSA sees 2017 oil output stuck near historic lows

(Reuters) -- Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country.

Oil set for weekly fall on doubts over extent of OPEC cuts

LONDON (Reuters) -- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009.

India's 2016 Iran oil imports hit record high

NEW DELHI (Reuters) -- India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.

Saudi keeps Feb oil exports steady to most buyers in Asia; cuts India, Malaysia

DUBAI/SINGAPORE (Reuters) -- Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal, but it has held most of its exports to the rest of Asia steady for a second month, industry sources said on Wednesday.

China's CNPC forecasts record oil demand, warns on product glut

BEIJING (Reuters) -- China's crude oil demand will grow by 3.4% this year to a record of almost 12 MMbpd, the country's top state-owned oil producer forecast on Thursday, as refiners in the world's second-biggest oil user ramp up output.

EIA: US crude, fuel stockpiles soar amid record high refining

(Reuters) -- US inventories of crude and refined oil rose sharply and more than expected last week, with stocks of distillates hitting six-year highs, as crude imports and refining hit record highs, government data showed on Wednesday.

Saudi cuts Feb oil exports to some buyers in India, Malaysia to meet OPEC deal

DUBAI/SINGAPORE (Reuters) -- Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal, but it has held most of its exports to the rest of Asia steady for a second month, industry sources said on Wednesday.