Oil hits six-week high on inventory data, OPEC compliance, Iran worries
March 21, 2018Oil hit a six-week high on Wednesday, closing in on a 3-year peak set in late January, on a surprise decline in U.S. inventories, strong compliance on OPEC production cuts, and persistent concern related to the Iran nuclear deal.
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Some Oil Refineries Are Getting a License to Print Money
March 21, 2018Ready the cash-printing machines -- the world’s most sophisticated refineries are about to enjoy great times thanks to what might seem like a minor tweak in rules for the type of fuel ships consume.
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Shell close to clinching Hong Kong's first LNG import deal: sources
March 15, 2018Royal Dutch Shell (RDSa.L) is close to bagging a deal to supply Hong Kong with liquefied natural gas (LNG), beating out major competitors for the right to be the first company to supply LNG to the city.
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As Oil Rally Fades, Trump's Iran Hawk Pick Seen Supporting Bulls
March 14, 2018For those in the oil market, it may seem like there’s no end to U.S. events determining the course of prices these days. Donald Trump’s sudden firing of Rex Tillerson is unlikely to prove an exception.
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OPEC Admits Rival Oil Supply Will Outpace Global Demand Growth
March 14, 2018USA crude-oil production this year is expected to grow by 520,000 barrels a day from December 2017 to December 2018, while the average year-on-year growth is expected to reach 1.04 million barrels a day, mostly coming from shale, the report said.
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Indian state oil refiners see strong margins for 2018
February 22, 2018India state refiners expect their profit margins to hold their strength this year as demand growth accelerates for fuel products amid a record $93 billion spent on infrastructure and stable crude oil prices, company executives and analysts said.
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U.S. Oil's Costly Again as It's Stored Less and Shipped Abroad More
February 20, 2018Dwindling volumes at the biggest U.S. oil storage hub and the potential for bigger cargoes to sail overseas is giving American crude a premium sheen once again.
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Diesel Price Declines 3.6¢ a Gallon (1)
February 20, 2018The U.S. retail diesel average declined 3.6 cents to $3.027 a gallon, the Department of Energy reported Feb. 20.
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Jet Fuel Market Strongest in Years as Frozen Asia Needs Heating
February 19, 2018Asia’s icy winter just spawned Europe’s strongest jet fuel market in over three years.
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India's oil imports hit record high in January
February 15, 2018India imported a record 4.93 million barrels of oil per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts ...
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