04/07/2014
Libya Reopening Oil Ports After Taking Back From Rebels By Saleh Sarrar and Ben Sharples Jul 3, 2014 10:02 PM GMT+0700 Libya is ready to reopen two oil ports in the country’s east and will resume exports as fast as possible after taking back ..
03/07/2014
Kurdish crude export destinations diversify even as focus remains on Ceyhan The number of countries receiving cargoes of Kurdish crude oil from the ports of Mersin and Dortyol along the Turkish Mediterranean coast has quietly grown over ..
02/07/2014
Goldman Doubts Oil Rally Is Enough for Venezuela: Andes Credit By Sebastian Boyd Jul 1, 2014 6:12 PM GMT+0700 Venezuelan bonds are posting the world’s best returns after a surge in the price of oil, the country’s biggest export. Goldman..
01/07/2014
OPEC June Output Rises as Members Fill in for Iraq Loss By Mark Shenk Jul 1, 2014 3:10 AM GMT+0700 OPEC crude production climbed for a second month in June as gains in Saudi Arabia and Nigeria made up for the loss of Iraqi barrels, a Bloomberg surv..
01/07/2014
Libya’s Biggest Oil Port Es Sider May Open in August, Rebels Say By Maher Chmaytelli Jun 29, 2014 9:41 PM GMT+0700 Libya’s largest oil-export terminal, the port of Es Sider, may re-open in August after the North African nation’s n..
26/06/2014
Ukraine’s Jan-May crude oil imports up 51.5% year-on-year Ukraine’s imports of crude oil increased by 51.5% year-on-year to 305,200 metric tons in January through May from 201,400 mt in the same period of 2013, an energy and ..
25/06/2014
Saudi vows oil supply DUBAI: Top oil exporter Saudi Arabia is committed to supplying the market with extra crude to meet any rise in demand or if there are disruptions in oil supplies, a Saudi oil official said yesterday. Saudi Arabia, which ..
25/06/2014
China Imports of Pipeline Natural Gas Rise to Record High in May By Bloomberg News Jun 23, 2014 4:33 PM GMT+0700 China’s natural gas imports via pipeline rose to a record high last month as the government sought to diversify its supply source..
23/06/2014
August exports of Nigeria’s Escravos crude to jump on Kaduna refinery issue Five cargoes of Nigeria’s Escravos crude grade are expected to load in August, according to a copy of the loading schedule seen by Platts Friday, up from the thr..
20/06/2014
European HSFO barges hit 9-month high on surging crude, fixtures to east High sulfur fuel oil barges in Northwest Europe surged to their highest level in just over nine months Wednesday, tracking Brent crude’s continued rise amid supply concer..
19/06/2014
Half-Price Kurdish Oil Threatens Iraq Breakup With Turkish Help By Selcan Hacaoglu, Jack Fairweather and Nayla Razzouk Jun 19, 2014 4:06 AM GMT+0700 A tanker containing a million barrels of crude oil is floating around the Mediterranean, and its ..
18/06/2014
Petrobras sees 2014 crude production in Brazil at around 2 million b/d Brazil’s Petrobras is targeting crude production of around 2 million barrels/day in Brazil in 2014, as the company aims to combat production declines, Petrobras Director of..
17/06/2014
Russia’s July crude export duty to be $52.77/barrel Russia is set to raise the export duty on its main Urals crude export blend and other blends -- except those enjoying a more favorable tax regime -- to $385.2/mt, or $52.77/barrel, for ..
16/06/2014
North American LNG output to grow, IEA says Australia to lead global LNG market, Paris-based energy agency says. By Daniel J. Graeber | June 11, 2014 at 10:15 AM | 0 Comments (Leave a comment) PARI..
13/06/2014
Oman's May crude, condensate output edges up 1.3% on month to 935,898 b/d Singapore (Platts)--12Jun2014/812 am EDT/1212 GMT Oman's crude and condensate production in May edged up 1.3% to 935,898 b/d, from 924,270 b/d in April, the country's oil a..
12/06/2014
European sweet crudes correct; sour margins still better Low sulfur crude grades in the North Sea are correcting downwards on differentials, said traders Wednesday, but still have a long way to go before they become as profitable to refine a..
11/06/2014
Russian Pacific port raises 2014 crude oil export forecast Tuesday, 10 June 2014 17:11 Russia's Pacific port of Kozmino plans to export 24.6 million tonnes of oil this year (494,000 barrels per day), up from 21.3 million tonnes last year, Deputy En..
10/06/2014
Ethanol Futures Advance as Discount to Gasoline Bolsters Demand By Mario Parker Jun 10, 2014 3:29 AM GMT+0700 Denatured ethanol for July delivery climbs 0.3c to settle at $2.158/gal. on CBOT. * Ethanol’s discount to gasoline widens 4.28c to 8..
09/06/2014
India buys 12.45 mil barrels of WAF crude in tenders for Jul, up 49% from June State-owned Indian refiners bought 12.45 million barrels of West African crudes through tenders for July loading, up 49% from 8.35 million barrels for June, Platts data s..
06/06/2014
North Sea Gullfaks crude July loadings double month on month to six cargoes Loadings of North Sea crude oil grade Gullfaks are set to double in July to six cargoes from three in June after the end of planned maintenance this month, traders said Thur..
05/06/2014
Buzzard May 26-June 1 share of Forties crude output slips to 47% The UK’s Buzzard oil field contributed 47% to Forties crude blend output in the week to June 1, Forties pipeline operator BP said on its website Wednesday, compared to 49% ..
04/06/2014
Oil Prices Drop, But Probably Not For Long By Daniel J. Graeber | Tue, 03 June 2014 21:54 | 0 The price for a barrel of oil fell on word that more production was coming from key OPEC members, but a report from the International Energy Agency (IEA..
03/06/2014
Oil futures settle lower on higher OPEC exports, mixed economic data Oil futures settled lower Monday, weighed down by increased exports from Iraq and Libya and mixed global economic data. NYMEX July crude settled down 24 cents to $102.47/barr..
02/06/2014
Moscow, Minsk agree on crude, product supply, export duties until 2024 Russia has agreed to deliver 23 million mt of crude oil to Belarus in 2015, raising the volume to 24 million mt/ year between 2016 and 2024, with Belarus agreeing to process 50% ..
30/05/2014
June Primorsk Urals crude program sees 200,000 mt removed Two 100,000 mt cargoes have been pulled from the June Urals crude loading program out of Primorsk, according to a copy of the final signed schedule seen by Platts Thursday, bringing t..
29/05/2014
Lifting oil export ban would spark U.S. economy - IHS Thu May 29, 2014 5:11am BST * 2018 seen as peak year for new jobs * Ukraine crisis lifting US political support to reverse ban * Environmental wild card not considered by report By Timothy Ga..
28/05/2014
European diesel premiums at four-month low amid heavy imports, poor margins London (Platts)--27May2014/911 am EDT/1311 GMT European ultra low sulfur diesel premiums to the front-month ICE gasoil futures contract hit their weakest level in over ..
27/05/2014
PNG gas project makes first shipment to Japan Business May. 27, 2014 - 06:40AM JST ( 1 ) PNG gas project makes first shipment to Japan File picture of a liquefied natural gas tanker in Western Australia, July 18, 2012 AFP The first shipment of..
26/05/2014
Hedge Funds Buy Oil as Supply Drops Before Memorial Day: Energy By Moming Zhou May 26, 2014 6:01 AM GMT+0700 U.S. crude inventories declining from a record before the Memorial Day weekend spurred speculators to increase bullish bets on oil for a se..
23/05/2014
Gulf Keystone gets first payment for Kurdish crude exports in May Gulf Keystone Petroleum exported more than 836,000 barrels of crude from the Shaikan oil field in Iraqi Kurdistan during the first quarter and received its first payment for oil..
22/05/2014
Angola’s Sonangol allocates 9 July crude cargoes on term Angola’s Sonangol was heard to have allocated nine crude oil cargoes for July loading to five regular term buyers, compared with 13 stems allocated the previous month, trader..
21/05/2014
Brent/Dubai EFS closes at 8-mth high, tempers demand for European, WAF crude The Brent/Dubai Exchange of Futures for Swaps reached its highest level in over seven months, driven by a tightening North Sea market, continued troubles in Ukraine and L..
20/05/2014
NWE refining margins at eight-week low on tighter crude, diesel imports Northwest European refining margins have hit an eight-week low in the face of rising crude costs and a diesel market under pressure from US imports, market sources said ..
19/05/2014
Iran Nuclear Talks Stumble in Latest Round on Enrichment By Jonathan Tirone May 17, 2014 Diplomats negotiating over Iran’s atomic program ended the latest round of talks in Vienna without advancing their bid to reach a deal by Ju..
16/05/2014
Saudi Aramco’s crude output down to 9.4 million b/d in 2013 Saudi Aramco produced an average of 9.41 million b/d of crude oil in 2013, down from 9.51 million b/d in 2012, the company said Thursday. But its natural gas output rose to 11 Bcf/d..
15/05/2014
Crude running low at Libya’s Zueitina, production yet to restart Crude is running low at Libya’s recently re-opened 70,000 b/d Zueitina export terminal on the Gulf of Sidra and production at the fields that feed it has yet to resume, t..
14/05/2014
OPEC Sees Balanced Oil Market in 2014 as Losses Prevent Surplus By Grant Smith May 13, 2014 5:50 PM GMT+0700 0 Comments Email Print The global oil market will remain “fairly balanced” in 2014 as supply disr..
13/05/2014
Libya Oil Output May Double as Western Protests End By Saleh Sarrar and Maher Chmaytelli May 13, 2014 5:03 AM GMT+0700 1 Comment Email Print Libya’s daily oil output may double to 500,000 barrels today after protesters..
12/05/2014
Saudi Oil Minister Al-Naimi Sees No Reason to Change OPEC Output By In-Soo Nam SEOUL--The Organization of the Petroleum Exporting Countries won't change its crude oil output level when it meets next month, Saudi Arabia's Minister of Petroleum and ..
09/05/2014
Oil Producer Pleas Snubbed by Norway as Development Costs Surge By Mikael Holter May 9, 2014 5:01 AM GMT+0700 0 Comments Email Print Oil and gas companies can expect little help from Norway on tackling surging costs as the g..
08/05/2014
Rosneft increases oil exports to China via Kazakhstan in Q1 2014 Bishkek (AKIpress) - 5551d5354e4dc0eb2c0e526e4baf6b92 Russia’s oil company Rosneft has increased oil supplies to China in Q1 2014 by 47.3% to 7.5 million tons, ITAR-TASS reports ..
07/05/2014
Russian domestic May crude prices start high, but edge lower on weak demand Prices of Russian domestic crude for May loading and delivery edged lower toward the end of the trading window due to weak demand, sources said. Western Siberian crude f..
06/05/2014
Crude-by-rail will only increase amid production boom As crude oil production in North Dakota exceeds 1 million b/d, Senator Heidi Heitkamp, Democrat-North Dakota, told Platts Monday that rail will always be the prominent mover of the state’s ..
05/05/2014
Indonesian Minas crude premium to ICE Brent at three-week low The premium of Indonesian Minas crude to front-month June ICE Brent futures fell to a three-week low of 96 cents/barrel Friday after offers from Chinaoil in the Platts Market On Close ass..
05/05/2014
Western Canadian Select crude risesto 41-week high on summer demand Western Canadian Select crude oil jumped to its highest price differential in 41 weeks on Thursday as trading for June injection picked up with the start of the new month. Sources..
05/05/2014
Western Canadian Select crude risesto 41-week high on summer demand Western Canadian Select crude oil jumped to its highest price differential in 41 weeks on Thursday as trading for June injection picked up with the start of the new month. Sources..
05/05/2014
Russian Bashneft’s Q1 crude output at 18-year high of 332,900 b/d Russia’s sixth-largest oil company Bashneft produced an average of 332,900 b/d of crude in January-March, up 7% on the year, reaching its highest crude output in the last ..
05/05/2014
China’s refining capacity growth set to slow to 1.5 mil b/d over 2015-2018 China will add a total 1.5 million b/d of primary crude refining capacity over 2015-2018, half the initial projection and indicating slower capacity growth, according t..
29/04/2014
China, India ramp up crude oil imports from Colombia in Q1 2014 Imports of Colombian crude oils by China and India have seen a sharp rise in the first quarter of 2014 as the Latin American producer looks east to find homes for volumes displaced by t..
28/04/2014
UPDATE 1-Libyan oil port Zueitina to re-open after damage assessed (Reuters) - Libya's eastern oil port of Zueitina, which had been occupied by rebels as part of an eight-month oil blockade, will reopen after damage at its facilities has been ..
25/04/2014
North Dakota Considers Slowing Down Oil Boom By James Burgess | Thu, 24 April 2014 20:42 | 0 North Dakota is considering measures to slow down the oil rush in the Bakken to cut down on the state’s higher-than-average rate of flaring natural ..
24/04/2014
U.S. East Coast Gasoline at Five-Month High on Imports By Christine Harvey Apr 24, 2014 3:48 AM GMT+0700 0 Comments Email Print U.S. East Coast gasoline rose to a five-month high as imports to the area declined and refinery ..
23/04/2014
Whether or not the U.S. Congress decides to lift the ban on crude exports will largely depend on the trajectory of crude oil prices. Oil prices have been elevated for several years, with West Texas Intermediate (WTI) fluctuating a bit above and below..
23/04/2014
ByBloomberg The U.S. probably won’t lift its ban on crude exports within the next five years, undermining long-dated prices of New York-traded West Texas Intermediate relative to Brent, according to Bank of America Corp. Rules against the o..
22/04/2014
BEIJING: Chinese state energy giant PetroChina plans to spend more than 10 billion yuan ($1.6 billion) on shale gas this year, sources with knowledge of the matter said, as domestic competition heats up after rival Sinopec announced a commercial find..
22/04/2014
CALGARY — A weaker Canadian dollar, tighter heavy oil differentials, stronger crack spreads and a cold winter are all expected to enhance the bottom line of Canadian oil and gas producers who start reporting first-quarter results next week. Re..
22/04/2014
BEIJING: China's March crude oil imports from Iran rose more than a third from a year ago, keeping imports in the first three months of 2014 close to the levels seen before Western sanctions were applied more than two years ago. China's intake from ..
22/04/2014
Japan reported that it imported record levels of coal and liquefied natural gas for the fiscal year that ended in March. Japan has been forced to import vast amounts of fossil fuels to make up for an energy shortfall caused by its decision to shutte..
22/04/2014
Chinese Premier Li Keqiang has restated the government’s plans to aggressively build clean energy capacity throughout the country in an effort to reduce air pollution. Li’s announcement, which he made on the central government’s we..
22/04/2014
By Bloomberg News China, the world’s biggest investor in renewable energy, reiterated plans to boost construction of solar and wind power plants along with projects to transmit electricity from the clean sources. The nation will also start co..