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Crude oil

India to cut Iranian oil purchases in row over gas field

NEW DELHI (Reuters) -- Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.

IEA says oil prices will not jump sharply, despite OPEC supply cuts

NEW DELHI (Reuters) -- The International Energy Agency does not expect a major increase in global oil prices despite efforts by OPEC and non-OPEC members to reduce output, its executive director Fatih Birol told Reuters.

Environmental groups sue Trump administration for approving Keystone pipeline

WASHINGTON (Reuters) -- Several environmental groups filed lawsuits against the Trump administration on Thursday to challenge its decision to approve construction of TransCanada Corp's controversial Keystone XL crude oil pipeline.

China steps up Americas oil imports, Unipec backs ‘new frontier’

SINGAPORE (Reuters) -- China's largest crude oil buyer Sinopec aims to ship more cargoes from Brazil, the United States and Canada, to help ensure stable crude supplies as the Middle East boosts refining capacity and Africa suffers disruptions.

Nigeria to send oil governance bill to Senate on April 25

ABUJA (Reuters) -- Nigeria will send its oil governance bill to the Senate on April 25, a spokesman said on Thursday, the latest step in efforts to overhaul the energy sector in Africa's largest economy.

Pemex says port accident injures 17 workers, none badly

MEXICO CITY (Reuters) -- Mexican national oil company Pemex said on Wednesday that an accident at a terminal near the Gulf coast port city of Tampico has injured 17 workers, but none were badly hurt.

PetroChina latest China oil major to consider Aramco listing

BEIJING (Reuters) -- PetroChina will consider taking part in national oil giant Saudi Aramco's initial public offering based on market conditions, it said on Thursday, the second Chinese oil major to discuss becoming an investor this week.

Crude spill hits Jose oil terminal in Venezuela

HOUSTON/CARACAS (Reuters) -- Operations at Venezuela's main oil-exporting port Jose were hit by a crude oil spill on Tuesday, union sources and shipping agents told Reuters.

Egypt to halve arrears with oil companies in coming weeks

RAVENNA, Italy (Reuters) -- Egypt expects to cut the $3.5 B euros it owes to international oil companies by around half in coming weeks, the Egyptian oil minister said on Wednesday.

BP sees trading benefits from oil boom in the Americas

LONDON (Reuters) -- Oil major BP expects its trading operations to benefit from growing global crude trade on the back of abundant US, Canadian and Brazilian production and rising energy demand in Asia, a top BP executive said.