Crude oil
Oil prices climb as traders eye another US crude drawdown
NEW YORK (Reuters) — Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field.
Shell lifts its first crude cargo from Libya in 5 yr
DUBAI (Reuters) — Royal Dutch Shell has lifted a cargo of 600,000 bbl of crude oil from Libya's Zueitina port, its first from the war-torn north African country in 5 yr, two industry sources told Reuters on Saturday.
Vopak JV to expand liquid storage terminal in Malaysia
Royal Vopak and its JV partners intend to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia. PITSB will be expanded with 430,000 cbm to a total capacity of 1.7 MMcm.
Pin Oak Terminals opens multi-product liquid marine terminal
Pin Oak Terminals, LLC opened the new multi-product liquid marine terminal at Pin Oak’s site in Mt. Airy, Louisiana. This is following key investment from Mercuria Energy Group Ltd. in the previous months.
EIA: Danish, Turkish Straits critical to Europe’s crude oil, petroleum trade
The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 MMbpd in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply.
Vietnam crude oil imports to hit record as refinery gets ready to start
SINGAPORE (Reuters) — Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.
EIA: US crude stockpiles fall the most in nearly a year
NEW YORK (Reuters) — US crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year while exports and production continued to rise, the Energy Information Administration said on Wednesday.
Saudi Arabia crude oil exports fall slightly in June
KHOBAR, Saudi Arabia (Reuters) — Saudi Arabia's crude oil exports in June fell slightly to 6.889 MMbpd, 35,000 bpd lower than the May level, official data showed.
Thai Oil buys 1 MMbbl North Sea crude for Nov to replace Mideast oil
SINGAPORE (Reuters) — Refiner Thai Oil PCL has bought 1 MMbbl of North Sea Forties crude to be delivered in November to replace more expensive Middle East oil, trade sources said on Wednesday.
US to sell 14 MMbbl of crude oil from emergency reserve
WASHINGTON (Reuters) — The US Department of Energy said on Tuesday it will sell 14 MMbbl of crude oil from the nation's emergency reserve in late August.
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