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Crude oil

China to import first SGC, Thunderhorse oil from US in April

SINGAPORE/HOUSTON (Reuters) -- China will import Southern Green Canyon (SGC) and Thunderhorse crude oil from the Gulf Coast of the United States for the first time when a supertanker carrying 2 MM barrels arrives in April, two sources with knowledge of the matter said.

Nigeria oil tanker drivers to strike over low wages, poor roads

ONITSHA, Nigeria (Reuters) -- Nigerian oil tanker drivers will go on strike from April 3 over low wages and poor roads, said a labor union official on Sunday, threatening to choke off supply until their requests are met.

Iraq has pledged to fully comply with oil cut deal, OPEC chief says

BAGHDAD (Reuters) -- Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday in Baghdad.

Tanzania hikes fuel prices on weaker currency, crude costs

DAR ES SALAAM (Reuters) -- Tanzania's energy regulator raised maximum retail prices of petrol and diesel on Monday, citing higher international costs for both crude and refined products and a weaker local currency, a move expected to exert upward pressure on inflation.

India to cut Iranian oil purchases in row over gas field

NEW DELHI (Reuters) -- Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.

IEA says oil prices will not jump sharply, despite OPEC supply cuts

NEW DELHI (Reuters) -- The International Energy Agency does not expect a major increase in global oil prices despite efforts by OPEC and non-OPEC members to reduce output, its executive director Fatih Birol told Reuters.

Environmental groups sue Trump administration for approving Keystone pipeline

WASHINGTON (Reuters) -- Several environmental groups filed lawsuits against the Trump administration on Thursday to challenge its decision to approve construction of TransCanada Corp's controversial Keystone XL crude oil pipeline.

China steps up Americas oil imports, Unipec backs ‘new frontier’

SINGAPORE (Reuters) -- China's largest crude oil buyer Sinopec aims to ship more cargoes from Brazil, the United States and Canada, to help ensure stable crude supplies as the Middle East boosts refining capacity and Africa suffers disruptions.

Nigeria to send oil governance bill to Senate on April 25

ABUJA (Reuters) -- Nigeria will send its oil governance bill to the Senate on April 25, a spokesman said on Thursday, the latest step in efforts to overhaul the energy sector in Africa's largest economy.

Pemex says port accident injures 17 workers, none badly

MEXICO CITY (Reuters) -- Mexican national oil company Pemex said on Wednesday that an accident at a terminal near the Gulf coast port city of Tampico has injured 17 workers, but none were badly hurt.