Crude oil
China crude oil imports to rebound in January on quotas, low stocks
SINGAPORE/BEIJING (Reuters) — China's crude oil imports are expected to rebound in January as demand from independent refiners will accelerate once 2018 import quotas are in place, and processors start to replenish inventories, analysts and trade sources said.
Iraq's November oil exports from south up at 3.5 MMbpd
BASRA, Iraq (Reuters) — Oil exports from Iraq's southern ports rose to an average of 3.5 MMbpd in November from 3.35 MMbpd in October, Basra Oil Company Director General Ihsan Abdul Jabbar told Reuters on Friday.
OPEC agrees oil cut extension to end of 2018
VIENNA (Reuters) — OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signaling a possible early exit from the deal if the market overheats.
EIA: US crude stocks fall, but gasoline, distillates up
(Reuters) — US crude oil stocks fell last week, led by the biggest fall in inventories at the Cushing, Oklahoma storage hub in eight years, while gasoline and distillate stockpiles rose, the Energy Information Administration said on Wednesday.
Oil slips on OPEC deal uncertainty and rising US inventories
LONDON (Reuters) — Oil prices slipped on Wednesday as doubts set in about Russia's willingness to substantially extend a deal among some of the world's biggest exporters to curb output to help tackle global oversupply and support prices.
Mexico's Pemex declares force majeure on Isthmus crude oil
SINGAPORE (Reuters) — Mexico's national oil company Pemex has declared force majeure on the loading of Isthmus crude, two sources with knowledge of the matter said on Wednesday.
Iraq to divert most Kirkuk oilfield output to Iraqi refineries, says official
BAGHDAD (Reuters) — Iraq is preparing to divert most future output from Kirkuk oilfield to local refineries as a conflict with Kurdish regional authorities over the use of an export pipeline to Turkey continues, an Iraqi official said on Monday.
TransCanada to restart Keystone pipeline on Tuesday
CALGARY, Alberta (Reuters) — The Keystone crude oil pipeline will restart at reduced pressure on Tuesday, TransCanada Corp said, nearly two weeks after closing the line after it leaked 5,000 bbl of crude in rural South Dakota.
IEA chief sees oil markets tightening towards second half of 2018
OSLO (Reuters) — The global oil market could tighten towards the second half of 2018 if demand remains robust and key producers continue their current policies, International Energy Agency chief Fatih Birol said on Tuesday.
First Nations groups purchase 49% interest in Suncor's tank farm development
CALGARY, ALBERTA — Suncor, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) announced the completion of the acquisition by FMFN and MCFN of a 49% partnership in Suncor's East Tank Farm Development for total proceeds of $503 MM.
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