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Crude oil

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.

EIA: U.S. crude stocks fall on strong refining demand

U.S. crude stocks drew down more than expected on strong refinery runs, while distillate inventories fell thanks to higher truck traffic during the holiday season and cold weather, data from the U.S. Energy Information Administration (EIA) showed on Friday.

bp says Whiting, Indiana (U.S.) refinery operations normal following leak

bp's 435,000-bpd Whiting, Indiana (U.S.) refinery was operating normally following a leak from a pipeline that transports liquid material.

Peru declares environmental emergency after oil spill

Peru's government on Thursday declared an environmental emergency in a northern coastal area, where state oil firm Petroperu last weekend spilled a crude oil shipment into surrounding waters of the Pacific Ocean.

Mexico's new Olmeca refinery operated at 17% of capacity in November

Mexican state energy company Pemex resumed refining operations at is new Olmeca refinery in November, working at nearly 17% of its 340,000-bpd capacity after being fully offline in October.

Indian state refiners may buy Middle East spot oil to replace Russian shortfall

Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, in a move that could support prices for high-sulfur oil.

Japan's Taiyo Oil to shut two CDUs at Shikoku refinery for maintenance

Japanese oil refiner Taiyo Oil plans to shut down two crude distillation units (CDUs) at its 138,000-bpd Shikoku refinery in western Japan this week for scheduled maintenance.

Mexico's oil and gas output drops to lowest level all year in November

Mexico's production of liquid hydrocarbon and natural gas in November fell to the lowest levels recorded all year and was well below last year's averages.

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