Crude oil
OPEC says oil stocks still increasing, Saudis raise output
LONDON (Reuters) -- OPEC said on Tuesday oil inventories have risen despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in an effort to clear a glut and support prices.
Russia postpones scrapping oil export duties to 2022-2025
MOSCOW (Reuters) -- Russia will not fully scrap its oil export duty until 2022-2025, Finance Minister Anton Siluanov said on Monday, four years later than previously expected.
Oil edges off three-month lows, eyes on US inventory
LONDON (Reuters) -- Oil prices recovered modestly from three-month lows on Tuesday, with concerns persisting about rising US inventories and few clear signs that OPEC will extend supply curbs beyond June.
China's refinery runs at second-highest on record, gas output flat
BEIJING (Reuters) -- China's refinery throughput during the first two months of 2017 rose 4.3% from same time a year ago to the second-highest level on record on a daily basis, while crude output fell 8% from a year earlier, official data showed on Tuesday.
Iran leapfrogs Iraq as India's No. 2 oil supplier in February
NEW DELHI (Reuters) -- India's oil imports from Iran rose nearly 17% in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, shipping data showed on Monday.
API: State of Energy in Colorado event highlights state’s role in US energy renaissance
DENVER – The Colorado Petroleum Council hosted the second annual State of Energy in Colorado event in Denver to discuss the future of oil and natural gas development in Colorado with American Petroleum Institute President and CEO Jack Gerard, Governor John Hickenlooper, and Mayor Michael Hancock.
EIA: Norway’s Troll crude oil to be included in Brent price assessment
The method for assessing the Brent global benchmark crude oil price is scheduled to change in 2018. The Brent price benchmark reflects transactions involving physical cargoes of several specific grades of crude oil in the North Sea, located between the United Kingdom and Norway.
China's CEFC courts ‘teapots’ for first domestic refinery acquisition
BEIJING (Reuters) -- Privately-run conglomerate CEFC China Energy has approached several independent Chinese oil processors seeking to acquire its first domestic refinery operation, its next move towards becoming a global integrated oil player.
Iraq exports 3.320 MMbpd oil in Jan, 3.269 MMbpd in Feb, ministry says
BAGHDAD (Reuters) -- Iraq's daily oil exports stood at 3.269 MMbpd in February and 3.320 MMbpd in January, the oil ministry said in an emailed statement on Thursday.
US crude oil slumps below $50 after stocks build
LONDON (Reuters) -- Oil prices fell on Thursday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite OPEC-led supply cuts.
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