Crude oil
EIA: US crude oil stocks rise, while products draw down
(Reuters) -- US crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the US Energy Information Administration said on Thursday.
Oil steady as rise in US inventory slows upswing
NEW YORK (Reuters) -- Oil prices steadied on Thursday after a surprise increase in US inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year.
Oil rallies in thin trade, adds to year's gains
NEW YORK (Reuters) -- Oil gained 1.5% Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.
Venezuela says to cut 95,000 bpd crude output in OPEC deal
CARACAS (Reuters) -- Venezuela said on Tuesday it will cut 95,000 bpd of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
Russia's Lukoil appoints new VP for sales and supplies
MOSCOW (Reuters) -- Russia's second biggest oil producer Lukoil has appointed a new vice-president for sales and supplies after state-owned rival Rosneft clinched several major deals at its expense, three sources told Reuters.
Oil gains post-Christmas ahead of OPEC, non-OPEC cuts
TOKYO (Reuters) -- US oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices.
Russia sees oil products output down 2.5% in 2017
MOSCOW (Reuters) -- Russia's output of oil products is expected to fall by about 2.5% in 2017 due to further work on a massive refinery modernization program aimed at boosting fuel quality, a deputy energy minister said.
Urals and Azeri Light differentials weaker
MOSCOW (Reuters) -- Urals differentials BFO-URL-E BFO-URL-NWE weakened in a Surgutneftegaz tender because of higher than expected supply in January, though trading activity was quite low before the long Christmas weekend in Europe.
Egypt seeks to import crude directly from Iraq
CAIRO (Reuters) -- Egypt's Petroleum Minister Tarek El Molla said his country was seeking to reach an agreement with Iraq over importing crude oil directly and that he hoped to finalize the deal by the first quarter of 2017.
US refiners cash in on Mexico's record fuel imports
NEW YORK/HOUSTON (Reuters) -- US Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy.
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