Crude oil
Petronas to adjust crude production
Following the pact made in Vienna, Austria on Dec. 10 between OPEC and non-OPEC producers, Petronas will make a voluntary adjustment to Malaysia’s crude oil production starting from January 2017.
Russia to cut oil exports outside FSU by 380,000 t in Q1
MOSCOW (Reuters) -- Russia will cut oil exports to foreign markets outside the former Soviet Union (FSU) by 380,000 t in the first quarter of 2017 from the fourth quarter of 2016, oil pipeline monopoly Transneft said on Tuesday.
Oil tanker firm Frontline sees strong start to 2017
OSLO (Reuters) -- Crude tanker operator Frontline expects strong demand for its vessels at the start of 2017 and could benefit from oil producers' pact to cut output if it forces Asian buyers to go further afield for supplies, its chief executive said.
Saudi Arabia crude exports fall, refined products rose
DUBAI (Reuters) -- Saudi Arabia's crude oil exports fell in October by 176,000 bpd from the month before, despite high production, but its refined products shipments rose as the kingdom expands its refining power, official data showed on Monday.
API: Petroleum demand rose in November
WASHINGTON – Total petroleum deliveries in November moved up 2.2% to average 19.6 MMbpd, and were the highest November deliveries in nine years, since 2007.
By shielding biggest buyer Asia from supply cuts, OPEC risks prolonging fuel glut
SINGAPORE (Reuters) -- OPEC's efforts to hold market share in Asia by keeping its customers, which take about two-thirds of its exports, supplied amid wider output cuts could prolong the global fuel glut and frustrate its attempt to bolster prices.
West Africa crude: Overhang weighs, new programs due
LONDON (Reuters) -- West African crude differentials were coming under pressure on Thursday from an overhang of unsold cargoes, pending the imminent release of new loading programs that will boost availability further.
EIA: Crude stocks down, though inventories up again in Cushing
(Reuters) -- US crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday.
IEA: Oil demand to grow more swiftly, too early to assess global output cut
LONDON (Reuters) -- Global oil demand will rise more strongly than expected next year, although it is too soon to fully assess the impact of a joint cut in supply by the world's largest producers, International Energy Agency said on Tuesday.
UAE's ADNOC to cut January oil supplies to Asia; Kuwait, Oman to follow
SINGAPORE/DUBAI (Reuters) -- Abu Dhabi National Oil Company on Tuesday said it would cut crude supplies by 3-5% across its three export grades to meet commitments under an OPEC deal to curb output.
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