Kuwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut.
News ID: 9229 Publish Date : 2020/04/24
Asia-Pacific benzene prices have fallen to an 18-year low on a fob South Korea basis, dragged down a historic slump in US crude futures yesterday.
News ID: 9218 Publish Date : 2020/04/22
The Opec+ group will be under intense pressure to reach a production cut agreement at an emergency online meeting today. But expectations are low, with many aspects of the discussions still not agreed.
News ID: 9090 Publish Date : 2020/04/09
Light sweet US crude volumes heading to southeast Asia are poised to increase in the coming year amid growing appetite for the grades from smaller refiners in the region, partly to comply with the International Maritime Organisation (IMO) 2020 regulations cutting sulphur in marine fuels.
News ID: 8123 Publish Date : 2019/12/27
Phillips 66 has started initial service on its 900,000 b/d Gray Oak pipeline from the Permian basin to Corpus Christi, Texas.
News ID: 7502 Publish Date : 2019/11/22
China's crude oil imports from Iran rose 4.7% month on month to 926,119 bpd in July, data made available by China's General Administration of Customs showed.
News ID: 6258 Publish Date : 2019/08/29
China's plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limited buying interest in US crude from Chinese refiners.
News ID: 6162 Publish Date : 2019/08/25
US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Middle East, according to market participants and shipping fixtures Friday.
News ID: 3539 Publish Date : 2019/02/04
US crude exports to Europe fell to an 11-month low this month as a shrinking discount and rising shipping costs squeezed demand for US barrels, according to Refinitiv Eikon data and analysts.
News ID: 3119 Publish Date : 2018/12/31
Oil prices plunged more than 6% to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market.
News ID: 3076 Publish Date : 2018/12/26
The prospects of Indian refiners cutting their intake of Iranian crude oil to zero are unrealistic, the chairman of Indian Oil Corporation told S&P Global Platts.
News ID: 2492 Publish Date : 2018/11/04
On today's Capitol Crude we look at the ongoing trade war between the US and China and whether US crude oil exports could be subject to retaliatory tariffs.
News ID: 2322 Publish Date : 2018/10/01
Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes could undermine demand, a Reuter's poll showed on Friday.
News ID: 2295 Publish Date : 2018/09/29