Crude oil
IEA: Oil outlook brightens as output disruptions erode surplus
Demand growth, which is unchanged since April, remains at about 1.2 MMbpd, with India, China and Russia helping support demand.
Oil rally stalls as refining fundamentals weaken
Refining margins have also started to soften, which could be a bad sign for oil demand if they encourage refiners to cut crude processing, according to the analyst.
Saudis raise crude oil pricing for Asian refiners by most in over a year
Refiners may choose to not take full contracted volumes, instead seeking alternative crudes on the spot market or access the large amount of crude stored around the region.
Growing gasoline, diesel glut sparks sharp sell-off in global oil markets
The sell-off came amid warnings that supplies could outpace global demand even during the peak summer driving season that traditionally kicks in at the end of May.
Canadian wildfire could limit oil supply to refiners
The United States imports about 3.5 MMbpd of Canadian crude, which is particularly important for US refiners from Ohio to the Dakotas.
China cuts West African oil imports as refiners cite delays, full tanks
Chinese loadings of West African crude declined from 19-month highs in May as delivery delays, port congestion and full tanks scuppered interest from private 'teapot' refiners.
Lifting of US crude export ban will impact process safety management
Since the Arab oil embargo in the 1970s, the US government has restricted the export of crude oil to curb dependence on crude oil imports.
Industry Metrics
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline.
Iran secures two more European refiners as customers for its oil
Both refiners bought Iran's oil before sanctions against the country's nuclear program effectively halted its shipments to Europe, which had accounted for more than a third of its exports.
Refining’s silver lining fades at Exxon, Chevron
Growing fuel inventories and weak demand are now hammering the refining industry, turning a typical advantage for integrated oil companies on its head.
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