Crude oil
By shielding biggest buyer Asia from supply cuts, OPEC risks prolonging fuel glut
SINGAPORE (Reuters) -- OPEC's efforts to hold market share in Asia by keeping its customers, which take about two-thirds of its exports, supplied amid wider output cuts could prolong the global fuel glut and frustrate its attempt to bolster prices.
West Africa crude: Overhang weighs, new programs due
LONDON (Reuters) -- West African crude differentials were coming under pressure on Thursday from an overhang of unsold cargoes, pending the imminent release of new loading programs that will boost availability further.
EIA: Crude stocks down, though inventories up again in Cushing
(Reuters) -- US crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday.
IEA: Oil demand to grow more swiftly, too early to assess global output cut
LONDON (Reuters) -- Global oil demand will rise more strongly than expected next year, although it is too soon to fully assess the impact of a joint cut in supply by the world's largest producers, International Energy Agency said on Tuesday.
UAE's ADNOC to cut January oil supplies to Asia; Kuwait, Oman to follow
SINGAPORE/DUBAI (Reuters) -- Abu Dhabi National Oil Company on Tuesday said it would cut crude supplies by 3-5% across its three export grades to meet commitments under an OPEC deal to curb output.
OPEC, non-OPEC agree first global oil pact since 2001
VIENNA (Reuters) -- OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
Saudis order oil cuts to US, Europe before non-OPEC talks
VIENNA/SINGAPORE (Reuters) -- Saudi Arabia has told its US and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.
Rosneft says it has enough oil as Glencore raises stakes in Russia
MOSCOW (Reuters) -- Rosneft said on Friday it has enough oil to fulfill new contracts with Swiss trader Glencore as markets gear up for a fierce battle between some of the world's largest merchants for supplies from the Russian company.
Oil extends gains on hopes for non-OPEC output cuts
TOKYO (Reuters) -- Oil prices extended gains for a second session running on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement to limit production.
Urals and CPC Blend differentials softened, Azeri Light exports surge in January
MOSCOW (Reuters) -- Urals and CPC Blend crude differentials to dated Brent weakened on Thursday, as sellers were eager to get rid of December barrels, while Azeri Light loading plan for January showed healthy build in exports next month.
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