Crude oil
China oil buying frenzy cools as record inventory shields it from price rally
China, the world's top crude importer, is drawing on record inventories amassed earlier this year as refiners scale back purchases after OPEC+ supply cuts drove global prices above $80 a barrel, traders and analysts said.
Asia's refiners face profit crunch as Kuwait cuts crude exports
Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour crudes and likely to squeeze profit margins.
China makes rare draw on crude oil inventories as imports slip
China made a rare draw on crude oil inventories in July as imports softened and refinery processing remained elevated to meet rising domestic demand and a surge in refined fuel exports.
Oil rises as China seeks to soothe economic woes
Oil prices rose more than 1% after China's central bank sought to stem the rising tide of pessimism over the country's property market and wider economy.
DNO partly resumes oil production in Iraq
Norwegian oil company DNO said that last month it partly resumed production at its Tawke field in the Iraqi Kurdistan region, delivering oil to the local market at a discount as a key export pipeline remained shut.
Singapore's middle distillates stocks rise as imports from India emerge
Singapore's middle distillates inventories clawed back earlier weeks' of losses and rose on higher gasoil imports, with Indian-origin cargoes arriving for the first time in more than three months.
Venezuela fails to curb oil leaks, gas flaring despite pledges
Venezuelan state oil company PDVSA has failed to make any dent in its oil spill or gas flaring woes, despite nascent promises of environmental clean-up by President Nicolas Maduro's government, according to people within the company.
Summer Midwest distillate inventories rise amid high production and transit constraints
Midwest distillate inventories increased rapidly in June and early July due to increased regional refinery production and limitations on moving distillate and other products outside the region.
Lawmakers urge Biden to resolve offloading delay of seized Iran oil tanker
U.S. lawmakers from both political parties have urged President Joe Biden and members of his administration to resolve a months-long delay in the transfer of a cargo of oil from a seized Iranian tanker off Texas.
No spill after Siberia oil field blasts -environment watchdog
Two explosions at an oilfield in western Siberia that killed two people did not lead to an oil spill, the head of Russia's environment watchdog Rosprirodnadzor said, adding that tests would show if the environment was harmed.
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