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Crude oil

Iran seizes tanker with 900 tons of 'smuggled fuel'

Iran's Revolutionary Guards seized a tanker holding 900 metric tons of "smuggled fuel" and 12 crew members based on a court order, a report by the semi-official Fars news agency said.

Kuwait hopes to have higher oil production quota as country ramps up capacity

Kuwait's oil minister said that his country hopes to have a higher oil production quota when it ramps up capacity, and that Kuwait remains committed to OPEC decisions.

CPC limits oil intake due to power outage in Kazakhstan

The Caspian Pipeline Consortium has stopped three pumping stations in western Kazakhstan because of a power outage in the region, the CPC said.

India tops Russian Urals oil purchases in June as China retreats

India bought 60% of all Russian Urals oil exports in June with strong demand from all refiners, while shipments to China dropped to just 7% as independent refiners slowed buying, trading sources and data showed.

Power supply returning to Kazakhstan oil refinery, pipeline after outage

Power supply is returning in Kazakhstan after a significant outage affected an oil refinery, major oilfields and the CPC export pipeline, the Central Asian nation's energy ministry said.

Atyrau oil refinery in Kazakhstan halted due to power outage

The Atyrau oil refinery in western Kazakhstan was completely halted due to power outage.

Kuwait's KIPIC puts out fire at al-Zour refinery

Kuwait Integrated Petroleum Industries Company put out a fire at the al-Zour refinery without any reported injuries, a company spokesperson said.

U.S. crude oil output fell in April as demand slowed

U.S. field production of crude oil fell in April to 12.615 million bpd, its lowest since February, the U.S. Energy Information Administration said.

Is oil market’s glass half full or half empty?

Global petroleum prices appear reasonable given the level of inventories – to the frustration of the producers who would like them to be significantly higher.

Oil heads for fourth straight quarterly decline

Oil prices rose above $75 a barrel but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand.