Crude oil
BridgeTex pipeline to expand capacity for delivery from Permian Basin to Gulf Coast
TULSA, Okla. and HOUSTON -- BridgeTex Pipeline Company, LLC, owned 50/50 by Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P., announced that it is expanding the BridgeTex pipeline's current capacity from the Permian Basin of 300,000 bpd to a new capacity of approximately 400,000 bpd.
Russia beats Saudi Arabia as China's top crude oil supplier in 2016
BEIJING (Reuters) -- Russia overtook Saudi Arabia in 2016 to became China's biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese "teapot" refineries.
Oil falls as signs of US output rise overshadow OPEC-led cuts
LONDON (Reuters) -- Oil prices fell one% on Monday as signs of a strong recovery in US oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December.
Saudi Arabia crude exports rise to 8.258 MMbpd in November
DUBAI (Reuters) -- Saudi Arabia's crude oil exports in November rose to 8.258 MMbpd from 7.636 MMbpd in October, official data showed on Thursday.
China-US trade tensions high on Big Oil's worry list
DAVOS, Switzerland (Reuters) -- Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil.
IEA: OPEC output cuts under scrutiny as market tightens
LONDON (Reuters) -- World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised, the International Energy Agency (IEA) said on Thursday.
Oil price slides on prospect of rising US production
LONDON (Reuters) -- Oil prices fell on Wednesday on expectations that US producers would boost output, just as OPEC signaled that a global supply-reduction deal will shrink the oil glut this year.
US crude discount to Brent widens on Trump tax talk, OPEC
NEW YORK (Reuters) -- US oil prices hit their biggest discount to global benchmark Brent crude in five months on Tuesday as President-elect Donald Trump said an oil import tax plan would be too complex and as a global deal to reduce supply hits Middle East output.
Operations at Venezuelan oil terminal halted by spill
(Reuters) -- Shipping operations at one of three docks of Venezuela's main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India, union and shipping sources told Reuters on Tuesday.
Oil up on Saudi commitment to cut; US output seen rising
CALGARY, Alberta (Reuters) -- Oil prices were up on Monday, buoyed by Saudi commitments to reducing production, even as US output is expected to increase again this year.
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