Crude oil
As Saudi Arabia limits US crude shipments, Iraq steps in
NEW YORK (Reuters) — Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate in coming months.
OPEC sees tighter 2018 oil market as demand grows, supply falls
LONDON (Reuters) — OPEC on Monday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was reducing excess oil in storage, pointing to an even tighter global market next year.
Oil markets little changed near 28-month highs
NEW YORK (Reuters) — Crude oil were little changed on Friday as expectations OPEC and other producers will extend their production cut agreement were offset by forecasts US output will continue to grow with prices holding near 28-month highs.
Libya's new power plant to cut Sharara oil exports by 50,000 bpd
LONDON (Reuters) — Libya’s new Ubari gas-fired power station will initially run on up to 50,000 bpd of Sharara crude oil when it starts up in around two weeks, slashing exports from Libya’s biggest oilfield, a Libyan oil industry source said on Thursday.
Asian floating oil storage declines as crude market tightens
SINGAPORE (Reuters) — The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC-led supply cuts are successfully tightening crude markets even as US exports have soared.
TransMontaigne to acquire west coast refined product, crude oil terminals
DENVER — TransMontaigne Partners L.P. announced that one of its wholly owned subsidiaries has entered into an agreement to acquire the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P., for a total purchase price of $275 MM.
Saudi Arabia to supply full Dec crude volumes to three North Asian refiners
SINGAPORE/TOKYO (Reuters) — Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to three North Asian refiners in December, three sources with direct knowledge of the matter said on Thursday.
Poland's Lotos gets first delivery of crude oil from US
WARSAW (Reuters) — Poland’s state-run refiner, Lotos, got its first shipment of crude oil from the United States on Thursday, part of its wider plan to diversify oil supplies and reduce reliance on Russian deliveries.
EIA: US crude stockpiles rise in week, defying expectations
NEW YORK (Reuters) — US crude stocks rose unexpectedly last week as imports increased, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.
Magellan Midstream hits full capacity at Corpus Christi condensate splitter
HOUSTON (Reuters) — Magellan Midstream Partners said on Tuesday that its condensate splitter in Corpus Christi, Texas, reached maximum processing capacity of 50,000 bpd after being knocked offline because of Hurricane Harvey.
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