Crude oil
Rising gasoline stockpiles may threaten recovery in global crude markets
Gasoline stocks in Europe's Amsterdam-Rotterdam-Antwerp hub hit a record in February of 1.33 million tons, up 60% year on year, according to consultancy PJK International.
Oil prices fall as US refinery maintenance nears
Some analysts said on Thursday that last week's gasoline stock build, which was triple expectations, could be partly due to the market transitioning from winter-grade to summer-grade motor fuel. They also said the US refinery maintenance season could push crude stockpiles to even bigger highs.
Oil demand from Chinese refiners could slow if crude passes $40/bbl
Trade sources said oil import momentum has slowed after a $10/bbl gain in Brent crude futures in the past three weeks, and new refining buyers may choose to draw down inventories.
Crude prices jump after bullish US gasoline draw
Gasoline inventories fell 4.5 million bbl, much more than the polled number of 1.4 million bbl. That was also the largest weekly draw in almost two years for gasoline, according to EIA data.
Chinese refiners boost oil imports to record high
"Higher teapot demand and stronger refining margins which encouraged higher refinery throughputs have contributed to increased imports," an analyst said.
Hedge funds turn strongly bullish on oil markets
Signs of financial distress across much of the oil industry, coupled with data showing production outside OPEC falling, continued market chatter about an agreement among producers, and evidence of strong demand for gasoline, have allowed hedge funds to construct a more bullish narrative.
Nigeria aims to eliminate refined product imports within next 18 months
Nigeria's four refineries have never reached full production because of sabotage and poor maintenance, causing the country to rely on expensive imported fuel for most of its energy needs.
European refiners increasingly turn to light US oil
Many European refiners face the problem of not having run a US crude through their systems in living memory and, as such, are wary of doing so, even though the numbers might make economic sense.
Kuwait refines crude pricing strategy in battle for European customers
Large sales from Iraq's Kurdistan into Europe have added to the competition and now Kuwait -- a usually little-noticed seller in Europe -- is both increasing sales and making its crude more attractive.
Low oil plays uneven role in global gasoline prices
All countries have access to the same oil prices on international markets, but retail gasoline prices vary wildly, largely because of the taxes and subsidies imposed on them.
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