U.S. Crude Oil Stockpiles Post Weekly Decline as Imports Fall
Commercial crude oil stocks decreased by 2.3 million barrels and were about 3% below the five-year average for the time of year, said the Energy Information Administration.
Nigerian key crude oil loadings to fall in March, programmes show
Exports of four key Nigerian crude oil grades are scheduled at 793,000 barrels per day in March, preliminary loading programmes seen by Reuters show.
Indian Oil Corp to raise diesel exports with refining capacity boost, official says
Indian Oil Corp expects its annual diesel exports to rise sharply to up to 5 million metric tons from 2027 as it expands refining capacity, the company's head of marketing told reporters at the India Energy Week conference.
Oil prices mixed as US supply worries linger after winter storm
Oil prices were mixed on Wednesday, with Brent down slightly but the U.S. contract edging higher as supply concerns grew after a winter storm disrupted crude output and halted Gulf Coast exports over the weekend.
Oil Prices Mixed; May be Supported by Lingering Middle East Tensions
Oil prices were mixed in Asia's morning session, but may be supported by lingering Middle East tensions that could lead to supply disruptions.
Exclusive: U.S. to issue general license soon lifting some sanctions on Venezuelan oil industry, sources say
U.S. officials are working to issue a general license soon that would lift some sanctions on Venezuela's energy sector, three sources close to the preparation said on Tuesday, a shift from a previous plan to grant individual exemptions to sanctions for companies seeking to do business in the country.
EU-sanctioned oil tanker escorted to Morocco by Spanish rescue ship, merchant marine says
An oil tanker under EU sanctions for carrying Russian oil is being escorted to Tanger Med in Morocco by a Spanish rescue ship, Spain's Merchant Marine said on Tuesday.
Crude Oil Analysis – Crude Oil Continues to Honor Range
Crude oil continues to drift back and forth on Tuesday, as we continue to see the supply and demand situation drive the price down, but now we also have to keep in mind that the geopolitical issues keep it supported.
Natural Gas and Oil Forecast: Storm Losses vs Supply Recovery – Who Wins the Price Fight?
Natural gas pulls back from $6.80 while WTI and Brent hold rising channels, as traders balance supply recovery against weather and risk premiums.
India's HPCL seeks Venezuelan crude to boost heavy oil processing at refineries
India's state-run Hindustan Petroleum Corp Ltd is seeking Venezuelan crude for the first time as the refiner plans to increase heavy oil processing in the new fiscal year starting April, Chairman Vikas Kaushal said on Tuesday.
Crude Oil Drops Below Key Levels While Natural Gas Surges on Winter Demand
Oil prices dropped despite massive U.S. supply disruptions and renewed Middle East tensions, as weak demand kept crude under pressure while natural gas surged on winter-driven demand.
Oil slips even as US winter storm curbs crude output
Oil prices fell on Tuesday even as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.
