Oil prices drop amid China COVID curbs, possible rate hikes

Oil prices drop amid China COVID curbs, possible rate hikes

An oil pump of IPC Petroleum France is seen at sunset outside Soudron, near Reims, France, August 24, 2022. REUTERS/Pascal Rossignol/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 12 (Reuters) – Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the … Read more

Oil edges up from seven-month low as Russia threatens export halt

Oil edges up from seven-month low as Russia threatens export halt

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel Register now for FREE unlimited access to Reuters.com Register U.S. crude stocks jump by nearly 9 million barrels -EIA U.S. weighing need for more oil releases from strategic reserves … Read more

OPEC+ to weigh rollover or small cut at Monday meeting, sources say

OPEC+ to weigh rollover or small cut at Monday meeting, sources say

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, August 21, 2015. REUTERS/Heinz-Peter Bader/File Photo Register now for FREE unlimited access to Reuters.com Register OPEC+ meets to set policy on Monday Iran nuclear deal may boost oil supply Russia further cuts gas to Europe Brent … Read more

Europe braces for more cuts in Russian oil and gas exports

Europe braces for more cuts in Russian oil and gas exports

An interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva Register now for FREE unlimited access to Reuters.com Register CPC says two of three mooring points (SPM) suspended One SPM can handle less than 70% of terminal capacity – sources … Read more

U.S. tells India that Indian ship was used to reroute Russian-linked fuel to New York

U.S. tells India that Indian ship was used to reroute Russian-linked fuel to New York

The Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra, arrives at a news conference after a monetary policy review in Mumbai, India, February 6, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug 13 (Reuters) – The United States has expressed concern to India that it was … Read more

Oil prices bounce around on Russian pipeline constraints, recession fears

Oil prices bounce around on Russian pipeline constraints, recession fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register Russia oil exports halted via southern leg of Druzhba pipeline EU puts forward ‘final’ text to resurrect Iran nuclear deal … Read more

Oil bounces as China, U.S. data ease recession concerns

Oil bounces as China, U.S. data ease recession concerns

FILE PHOTO – A oil field worker works at a pump jack in PetroChina’s Daqing oil field in China’s northeastern Heilongjiang province November 5, 2007. REUTERS/Stringer (CHINA) Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 8 (Reuters) – Oil prices edged up from multi-month lows on Monday as investors’ appetite improved following … Read more

Russian court orders halt to Caspian oil pipeline but exports still flow

Russian court orders halt to Caspian oil pipeline but exports still flow

An exterior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. CPC exports around 1.2 … Read more

Oil from U.S. reserves sent overseas as gasoline prices stay high

Oil from U.S. reserves sent overseas as gasoline prices stay high

HOUSTON, July 5 (Reuters) – More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and … Read more

China May oil imports from Russia soar to a record, surpass top supplier Saudi

China May oil imports from Russia soar to a record, surpass top supplier Saudi

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Russia overtakes Saudi as top supplier after 19-month gap Russian imports nearly 2 mln bpd in May Imports from Malaysia more than doubled in May … Read more