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Crude oil

U.S. crude stocks, gasoline and distillate inventories fall

U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration (EIA) said on Wednesday.

India's Reliance to stop buying Venezuelan oil over U.S. tariffs

India's Reliance Industries, operator of the world's biggest refining complex, will halt Venezuelan oil imports after the United States announced a 25% tariff on nations buying crude from the South American nation.

Trump to hit Venezuelan oil buyers with tariff, extends Chevron's wind down

U.S. President Donald Trump on Monday issued an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the U.S., while his administration extended a deadline for U.S. producer Chevron to wind down operations in the South American country.

How Russian energy trade might change if sanctions are eased

As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda.

Indian refiners cut spot tenders as Russian oil shipments rebound

Indian refiners will issue fewer tenders for crude oil purchases on the spot market in the coming months, as Russian supplies bounce back from sanctions-related disruptions.

China's Sinopec to prioritize risk control in Russian oil purchases

Top Chinese refining major Sinopec Corp. will prioritize "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies.

U.S. slaps Iran-related sanctions on oil tankers, China 'teapot' refinery

The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese "teapot refinery" processing the crude.

Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades

Asia's sour crude demand is set to rebound from late Q2 as refiners return from maintenance and ExxonMobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use

EIA: U.S. crude imports from Canada fall to 2-yr low after tariff developments

U.S. crude imports from Canada fell to the lowest in two years as U.S. net crude imports also sank, after President Donald Trump's administration imposed tariffs on imported crude from its northern neighbor.

Ukraine, Russia energy assets in focus after Trump-Putin call

Russia and Ukraine accused each other on Wednesday of launching air attacks that sparked fires and damaged infrastructure just hours after their leaders agreed to a limited ceasefire to halt attacks on energy infrastructure.

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