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Crude oil

U.S. plans more sanctions on tankers carrying Russian oil

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude.

Venezuela's 2024 oil exports climb 10.5% amid political turmoil, refinery outages

Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state oil company PDVSA took more cargoes under licenses granted by Washington.

Singapore's Dec. jet fuel imports hit multi-year high on India, S. Korea supply

Singapore's jet fuel imports probably hit multi-year highs in December, with India the top supplier as the arbitrage to Europe stayed shut.

EIA update: U.S. crude stocks fall, gasoline and distillate inventories rise

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending December 27, the U.S. Energy Information Administration (EIA) said on Thursday.

Iraqi cabinet approves $4.6-B Basrah-Haditha oil pipeline project

The Iraqi cabinet has given approval for a Basrah-Haditha oil pipeline project, a statement from the Prime Minister's office said on Monday.

China issues 2025 crude quota to Sinochem for eastern China refineries

State-run Sinochem Group has received a crude oil import quota of 17.12 MM tonnes (t) for 2025, which will be for the group's eastern China refineries.

Ukraine hits Russian oil depot in Smolensk region

The Ukrainian military said on Tuesday its forces had hit a Russian oil depot in the western Smolensk region, setting fire to tanks storing oil products.

Oil rises on diesel demand boost in sparse holiday trade

Oil prices settled higher on Monday in thin late-year trade as investors bet on a drop in temperatures across the U.S. and Europe over the coming weeks to boost diesel demand.

Nigeria says its Warri refinery is back after a decade of closures

Nigeria said on Monday it had resumed some operations at its Warri oil refinery after almost a decade of shutdowns, one of a string of long-running failures that have left Africa's largest crude exporter importing most of its fuel.

Update: India's BPCL buys Middle East grades to replace Russian shortfall

State-run Indian refiner Bharat Petroleum Corp. (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview.