Crude oil
Oil flat, erases gains as US crude draw shy of API report
NEW YORK (Reuters) — Oil prices were steady in see-saw trade on Wednesday, hitting their highest since mid-2015 and then retreating after US government data showed that the latest weekly draw in domestic crude stocks was not as big as an industry trade group had reported.
Oil prices near 2-yr highs as supply cuts bite
LONDON (Reuters) — Oil prices steadied on Tuesday after a week of gains as the prospect of increasing US exports dampened bullish sentiment that has driven Brent to more than 2-yr highs above $60/bbl.
Asian imports of Iranian oil hit highest in 6 mos
TOKYO (Reuters) — Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China and South Korea.
China's Sinopec mulls US oil projects ahead of Trump's visit
SINGAPORE (Reuters) — China's state oil major Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports and also expand storage facilities in the Caribbean, two people familiar with the matter said on Tuesday, with US President Donald Trump set to visit Beijing next week.
Crown Prince: Saudi Arabia ready to extend oil output cut deal
KHOBAR, Saudi Arabia (Reuters) — Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia's readiness to support the extension of a global oil production cut agreement.
Iraq boosts southern ports oil export capacity to 4.6 MMbpd
BAGHDAD (Reuters) — Iraq has increased oil export capacity from its southern ports by 900,000 bpd to 4.6 MMbpd after adding a new floating terminal in the Gulf, Oil Minister Jabar al-Luaibi said in a ministry statement.
US oil exports boom, putting infrastructure to the test
NEW YORK/HOUSTON (Reuters) — Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling US oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic.
Russia's Transneft taking stake in Ust-Luga oil terminal
MOSCOW (Reuters) — Russian pipeline monopoly Transneft is buying a stake in the oil terminal at the Baltic Sea port of Ust-Luga from businessman Andrei Bokarev, two sources familiar with the matter told Reuters on Friday.
Kinder Morgan Canada appeals to regulator after permit failure
CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd said Thursday that it has been unable to gain permits from the coastal city of Burnaby, British Columbia, for its Trans Mountain pipeline expansion and is appealing to the national regulator for construction approval.
Iran's crude, condensate exports to tumble to 19-month low in Oct
TOKYO/SINGAPORE (Reuters) — Iran's total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, dented by production issues, a person with knowledge of the country's tanker loading schedule said.
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