Crude oil
Oil down on record US crude stocks, flat Russian output
LONDON (Reuters) -- Oil prices fell on Thursday after US crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.
Saudi Arabia may raise light crude price to Asia for third straight month in April
(Reuters) -- Top oil exporter Saudi Arabia could raise the price of Arab Light crude it sells to Asia in April for a third straight month after Middle East benchmark Dubai crude strengthened on OPEC cuts, four of seven respondents said in a Reuters survey of refiners and traders on Wednesday.
Nigerian lawmakers to investigate $17-B subsidies received by state oil firm
ABUJA (Reuters) -- Nigeria's upper house of parliament will investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme to $17 billion between 2006 and 2015, lawmakers said on Wednesday.
Sinopec to start operating Zhanjiang commercial oil tanks; SPR site delayed
BEIJING (Reuters) -- Sinopec Corp is expected to start operating by June a new commercial crude oil tank farm in the southern Chinese city of Zhanjiang, where a large strategic reserve site is also under construction, three industry sources said this week.
China to issue non-state crude oil import licenses to 5 refiners
BEIJING (Reuters) -- China will issue non-state crude oil import licenses to five refiners, including China National Chemical Corp and four independent refiners, the country's commerce ministry said on Tuesday.
EIA: Canada is the largest US partner for energy trade
Canada is the largest energy trading partner of the United States. Based on the latest annual data from the US Census Bureau, energy accounted for about 5% of the value of all US exports to Canada and more than 19% of the value of all US imports from Canada in 2016.
Oiltanking MOGS Saldanha to begin construction of crude oil, blending terminal in South Africa
CAPE TOWN, South Africa -- Oiltanking MOGS Saldanha Ltd, a JV between Oiltanking GmbH and MOGS Ltd, announced the construction of an independent crude oil and blending storage terminal in Saldanha Bay.
India's Reliance buys naphtha to feed growing domestic demand
SINGAPORE (Reuters) -- India's Reliance Industries has bought between 60,000 and 90,000 t of heavy full-range naphtha for March arrival to plug a supply gap due to its growing petrochemical capacity, industry sources with knowledge of the matter said on Tuesday.
Hyundai Oilbank buys S.Korea's first US Southern Green Canyon crude
SEOUL/SINGAPORE (Reuters) -- South Korean refiner Hyundai Oilbank has purchased a cargo of US Southern Green Canyon crude oil, the country's first import of the grade, three trade sources said on Tuesday.
Russia says in talks over Iranian oil purchases
SOCHI, Russia (Reuters) -- Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports.
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