U.S. crude oil exports surge to record 3.2 million bpd last week: EIA
NEW YORK (Reuters) – U.S. crude oil exports surged to 3.2 million barrels per day (bpd) last week, the highest on record, based on data going back to 1991, U.S.…
In major shift, U.S. now exports more oil than it ships in
(Reuters) – The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same…
Oil rises after Russia leans towards output cut
NEW YORK (Reuters) – Oil reversed course and rose as much as 3 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with…
Trump coy on China trade deal before meeting Xi
WASHINGTON (Reuters) – U.S. President Donald Trump sent mixed signals on Thursday about the prospects for a trade deal with China, saying an agreement was close but he was not…
Oil weighed down by record Saudi output; markets eye G20, OPEC meetings
SINGAPORE (Reuters) – Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 gathering that starts in Argentina on Friday and next week’s…
Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due…
Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due…
Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due…
China’s Sinopec signs purchase agreements worth $45.6 billion at Shanghai Expo
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip SHANGHAI (Reuters) – China’s state-owned Sinopec signed purchase…
Oil rally faces tidal wave of supply
(Reuters) – The oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness…