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Crude oil

Angolan crude exports to rise in Dec, W. Africa offers steady

LONDON (Reuters) — Angolan crude exports are scheduled to rise in December, a loading program showed on Monday, while offers of remaining November cargoes were heard to be holding steady.

US issues permit to expand Enbridge cross-border oil pipeline

CALGARY, Alberta (Reuters) — The United States issued a long-awaited permit covering a 3-mi segment of Enbridge Inc’s Line 67 crude oil pipeline on Monday, allowing the company to nearly double capacity on the cross-border conduit.

Risk premium returns to oil over Iraq fighting, rising US-Iran tensions

SINGAPORE (Reuters) — A risk premium has returned to oil markets with a vengeance, boosting global price benchmarks as escalating fighting in Iraq threatens supplies while political tensions loom between the United States and Iran.

Newest outpost for US crude exports: India

NEW YORK/NEW DELHI (Reuters) — India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of US grades to diversify their imports.

S.Korea's Sept Iranian crude oil imports rise to 6-month high

SEOUL (Reuters) — South Korea’s imports of Iranian crude oil hit the highest level in 6 mos. in September amid Iran’s push to regain its lost market share during years it was under sanctions over its nuclear program.

Russia reaches outline debt restructuring agreement with Venezuela

MOSCOW (Reuters) — Russia has reached a general agreement with Venezuela on restructuring its debt to Moscow, RIA news agency cited Russian Finance Minister Anton Siluanov as saying on Saturday.

SK Energy to import 6.5 MMbbl of US crude for Nov–Jan arrival

SEOUL (Reuters) — South Korea’s SK Energy has bought 6.5 MMbbl of US crude to be delivered between November and January, a company spokeswoman said on Monday, as the country’s top oil refiner steps up imports of the competitively priced oil.

Asia oil buyers turn to US in hunt for cheap supply

SINGAPORE/NEW YORK (Reuters) — Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit US demand for the commodity at a time of rising production in the country.

Oil rallies on Chinese import boost and Mideast tensions

LONDON (Reuters) — Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a more than 3% weekly gain.

China Sept crude oil, gas imports jump ahead of winter fuel demand

BEIJING (Reuters) — China’s September crude oil imports climbed to the second highest level on record, while natural gas imports rose nearly 5%, official customs data showed on Friday, as the world’s top energy consumer shored up fuel supplies for winter.