Fire Breaks Out at Kazakhstan Oilfield
A fire has broken out at the onshore Kalamkas oilfield in Kazakhstan's western Mangistau province, the country's emergencies committee said on Monday.MangistauMunaiGas (MMG), the company which operates…
Unipec Suspends US Oil Imports as Trade Spat Intensifies
China's Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar…
Poland Cuts Dependence on Russian Oil but at a Cost
Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published on Tuesday showed, though Warsaw's bid to diversify its energy imports also meant paying…
Cushing's Market Clout Wanes Amid U.S. Crude Export Boom
The volume of oil sitting in 300 steel tanks in a nine-square-mile radius in Cushing, Oklahoma has long been a key barometer for the health of U.S. crude supply and the nation's benchmark for daily…
Firms Complain of Contaminated Crude Lifted From U.S. SPR
Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters.
Texas Flood: U.S. Oil Pours into Global Markets
United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S.
BP, Shell, Goldman Mull Indian Oil Stockpile Deals
BP, Royal Dutch Shell, Goldman Sachs, Trafigura, Mangalore Refinery and Petrochemicals and Hindustan Petroleum Corp. have expressed interest in filling India's strategic oil reserve at Padur in the southern Karnataka state.
Energy Efficiency Gains Ground Despite Lower Energy Prices -IEA
As governments focus on implementing their commitments to save energy and reduce carbon emissions under the recently ratified Paris agreement, a new report from the International Energy Agency (IEA)…
Oil Traders who know China, with good heads for liquor
Over 40 traders, others hired away from major Chinese firms. Chinese independent oil companies are luring traders, marketers and risk managers away from dominant state behemoths, offering better pay…
Petrobras Says Unit Extraction Costs at Subsalt Polygon Fall 7%
The cost of extracting oil from Brazil's so-called Subsalt Polygon in the Atlantic ocean fell about 7 percent last year, state-controlled oil producer Petróleo Brasileiro SA said on Tuesday. In a securities filing…
Statoil to Consider Early Shutdown of Norwegian Field
Statoil could bring forward closure of its Veslefrikk offshore oil and gas field because of low profitability as a result of the protracted downturn in crude oil prices, the Norwegian company said on Wednesday.
Traders: OPEC to Keep Output High
Trading houses expect OPEC to keep focus on market share; market can probably accommodate more Iranian oil. Saudi Arabia and the other big Middle East oil producers in OPEC will keep pumping hard to…
Oil Steadies but Outlook Uncertain
Vitol sees oil struggling to break above $60 by end-2016. Oil prices steadied on Tuesday after a week of falls, but the outlook was uncertain with the head of the world's biggest independent oil trader…
Rosneft Looks to Increase Output
Russia's Rosneft, the world's top listed oil producer by output, plans to increase production, Chief Executive Igor Sechin told Prime Minister Dmitry Medvedev on Friday, according to the government's website.
Ecuador Negotiated Thailand Crude Sales on Favorable Terms
Ecuador's oil-for-loans agreement with Thailand was struck on favorable financial terms, President Rafael Correa said late Tuesday, assuring the Andean nation has sufficient oil production to carry out the operation.
Vens Push New OPEC Oil Blending Strategy
PDVSA head Del Pino says aim is to increase market competitiveness. Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies…
Azeri Oil Exports Down 3.5% in 2014
Azerbaijan's oil exports dropped 3.5 percent in 2014, a source at the State Customs Committee said on Friday, driven by falls at fields operated by BP. The source said Azerbaijan exported 33.04 million tonnes of oil last year…
Russia's Novatek 2014 Gas Output Up
Novatek, Russia's second largest gas producer, increased gas output by 1.5 percent to 62.1 billion cubic metres in 2014, year-on-year, the company said on Tuesday. Novatek added that it produced 6…
Pemex Resumes Light Crude Sales to U.S. West Coast
Mexico's Pemex has quietly begun shipping light Isthmus crude to a variety of West Coast refiners this year, according to U.S. and Reuters data, resuming such sales after a six-year hiatus. The state-run oil company…
Mexico's Pemex Quietly Resumes Light Crude Sales To U.S.
Mexico's Pemex has quietly begun shipping light Isthmus crude to a variety of West Coast refiners this year, according to U.S. and Reuters data, resuming such sales after a six-year hiatus. The state-run oil company…
