02/04/2014

By Reuters Russian and Kazakh oil exports via the Caspian Pipeline Consortium (CPC) jumped by 24 percent in March, compared with a year earlier, as the result of an expansion in pipeline capacity. Loadings carried from Kazakhstan's Caspian Sea oil ..

02/04/2014

Platts  Crude oil stocks up 1.8 million barrels Gasoline stocks down 2 million barrels Distillates stocks down 900,000 barrels Refinery utilization, or run rate, up 0.3 percentage point to 85.7% of capacity U.S. commercial crude oil stocks ..

01/04/2014

A floating offshore oil production ship briefly lost power on March 28, drifted from its location, and spilled a small amount of oil into the Gulf of Mexico. The Helix Producer I is a special oil production ship that stays connected to subsea wells t..

01/04/2014

By Voice Of Russia The American President promised his European allies that America will save Europe from its dependency on Russian natural gas imports. He promised to issue an order that will allow energy companies to export LNG from the US in un..

01/04/2014

By Business Standard Refiners see demand for fuel, especially diesel, rising as electioneering picks up for the April-May LS polls India's crude oil imports surged 23% in February as demand for fuel rose with electioneering for the Lok Sabha poll..

31/03/2014

By Bloomberg Photographer: Daniel Acker/Bloomberg   Ethanol rose to the highest price since July 2006 as demand for the biofuel climbed while rail congestion held down production rates. Futures surged 7.8 percent. Distillers are being forc..

31/03/2014

By Bloomberg Photographer: Nelson Ching/Bloomberg  Signage for Cnooc Ltd. is displayed on the company's headquarters in Beijing. Cnooc Ltd. (883), China’s biggest offshore oil and natural gas explorer, will increase capital expenditur..

31/03/2014

By Bloomberg OAO Lukoil (LKOH) will start pumping crude from Iraq’s second-largest oilfield tomorrow as the nation boosts output to levels last seen more than three decades ago. Russia’s biggest publicly traded oil producer will start p..

28/03/2014

By Bloomberg The Obama administration is blocking certain U.S. exports to Russia, including some used in its oil and gas industry, expanding the response to the annexation of Crimea. The State Department said today it halted licensing for exports o..

28/03/2014

By Bloomberg News   China’s smaller, independent oil refineries known as teapots may be granted more import licenses this year, a government research official said. The plants may be allowed to import as much as an additional 20 mil..

28/03/2014

By Bloomberg America’s emergency stockpile of oil stands twice as large as the amount required by an international pact. George Soros has proposed selling some now to punish Russian President Vladimir Putin -- and U.S. lawmakers are starting t..

28/03/2014

Alarmed over high pollution levels, Hassan Rouhani's government has repeatedly said it wants to halt production of gasoline from petrochemical plants, which started in 2010. Iran aims to increase its gasoline imports over the next year, a senior Ira..

28/03/2014

U.S. President Barack Obama will meet Saudi Arabia’s King Abdullah on March 28, a time in which their nations’ long-held alliance is undergoing a dramatic shift. For decades, the U.S. relied heavily on Saudi crude not only for direct impo..

28/03/2014

Just weeks after the US announced its first test sale of crude oil from strategic reserves since 1990, billionaire philanthropist George Soros is lobbying for the release of more reserves on the market to punish Russian President Vladimir Putin. On ..

28/03/2014

  Could the U.S. unleash a flood of oil from the strategic petroleum reserve that would drive down prices in order to punish Russia? While the idea has been kicked around over the last few weeks – most recently by George Soros – it ..

28/03/2014

By Reuters China's largest energy company will compete for future oil and gas development rights in Mexico, a top company executive said on Thursday, which could happen as soon as the end of this year. Mexico's energy overhaul, approved in December..

28/03/2014

Source: Reuters   TRIPOLI, March 27 (Reuters) - Libyan protesters have blocked a pipeline carrying oil condensates from the southwestern al-Wafa oilfield to the Mellitah export port, state-owned National Oil Corp (NOC) said on Thursday. T..

28/03/2014

By Meagan Clark Of Investing.com The U.S. produced enough oil in the fourth quarter to account for more than 10 percent of the world’s supply, according to new data from the Energy Information Administration (EIA). The production, at 7.84 mil..

27/03/2014

By Reuters * Extra shipments head to India, sales strong to Syria * Iran may be drawing down oil stored on tankers LONDON, March 26 (Reuters) - Iran's oil exports have stayed above levels allowed under Western sanctions for a fifth month, accordin..

27/03/2014

 Gazprom production facilities in Siberia, Russia. Photograph: Alamy Europe depends on Russian oil and gas exports, so an embargo may not be practical. But there is another way to apply pressure Russia is vulnerable to sanctions. Economic we..

27/03/2014

By The Money Fool U.S. crude-oil supplies increased 6.6 million barrels (1.8%) for the week ending March 21, according to an Energy Information Administration report (link opens a PDF) released today. After expanding 5.9 million barrels the pr..

27/03/2014

26/03/2014   |   11:07 PM        |          World News تصغير الخطتكبير الخط PARIS, March 26 (KUNA) -- France's oil giant Total and China National ..

27/03/2014

New York - March 26, 2014 U.S. Gulf Coast crude oil stocks hit record highs during the week ended March 21st, reaching 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sent barrels southward, according to data released Wed..

27/03/2014

US tight oil production averaged 3.22 million b/d in the fourth quarter of 2013, pushing overall US crude oil production to more than 10% of the world’s total production, up from 9% in fourth-quarter 2012, according to the US Energy Information..

27/03/2014

By Platts US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ..

27/03/2014

By Charles Kennedy of Oilprice.com In the fourth quarter of 2013, the United States produced 7.84 million barrels of oil per day, according to new data from the Energy Information Administration. This was enough to account for over 10% of total glob..

26/03/2014

By Bloomberg Diesel futures strengthened as crack spreads between the fuel and West Texas Intermediate widened from the narrowest level since October. Diesel gained 0.9 percent at 11:19 a.m. in New York as its spread versus WTI widened 60 cents to ..

26/03/2014

By Bloomberg Russia is poised to cut crude exports from the biggest oil port near Crimea next month while shipping more in the Baltic Sea about 1,000 miles away. Cargoes will leave the Black Sea port of Novorossiisk at about 620,000 barrels a day i..

26/03/2014

Florence Tan (Reuters) Oil producers from Africa to the Americas have a growing opportunity to supply crude to the Asia-Pacific, as the region’s output stagnates and massive refining capacity comes online in China and India. Asian refiners..

26/03/2014

By Reuters China Petroleum and Chemical Corporation (Sinopec; SNP.NYSE, 0386.HKG, 600028.SHA) hopes to sell 30% of its marketing business to outside investment by the third quarter of the year, Reuters reported. Analysts said the deal could raise US..

25/03/2014

Canadian oil producers may get a better price for crude in the overseas markets because of the glut of oil in the North American market. That in turn could reshape the U.S. price market for retail gasoline, AAA said Monday. AAA spokesman Michael Gre..

25/03/2014

Ethanol futures rose to the highest level in 32 months as congestion along U.S. rail lines slowed deliveries of the biofuel. Denatured ethanol for April delivery advanced 13.9 cents, or 4.9 percent, to $2.988 a gallon on the Chicago Board of Trade, ..

25/03/2014

  Lights illuminate an oil platform in Guanabara Bay in Rio de Janeiro. Hedge funds reduced their bets on rising West Texas Intermediate crude prices by the most in almost nine months as U.S. inventories climbed and concern eased that sanct..

25/03/2014

A barge loaded with marine fuel sits partially submerged in the Houston Ship Channel, March 22, 2014.   The Houston Ship Channel remains closed as about 24 vessels worked to clean up a 4,000-barrel fuel oil spill following a collision during t..

25/03/2014

New data from the U.S. Energy Information Administration shows that in September 2013 China surpassed the U.S. to become the world’s largest importer of oil and other liquid fuels. China’s demand for oil and refined petroleum products con..

25/03/2014

By NewsMax Media (Newsmax.com) The United States' years-long delay in approving the Keystone XL oil pipeline has forced the company that wants to build it to realize it shouldn't rely on a single outlet. Russ Girling, president and CEO of TransCana..

25/03/2014

By FoxNews.com The Energy Department gave conditional approval on Monday to an Oregon-based facility to export liquefied natural gas, in a move hailed by the energy industry and congressional lawmakers who want the U.S. to step up gas exports to cou..

25/03/2014

A late-night collision on March 22 between an oil barge and a cargo ship spilled 168,000 gallons of oil into the Galveston Bay in Houston Texas. The spill resulted in the closure of the Houston Ship Channel, which is responsible for servicing one-ten..

25/03/2014

The number of oil rigs in operation hit a multi-decade high as productivity plateaus. The oil industry added 12 more rigs according to the most recent data from Baker Hughes, totaling 1,473 active rigs looking for oil. That is the highest level since..

25/03/2014

By Korean Times Gas will develop into the principal source of energy, thanks to an increase in proven gas reserves and lower prices, an international energy expert said Sunday. “The massive new discoveries of (shale) gas in North America an..

24/03/2014

Mexico’s Pemex is courting potential partners in the Arabian Gulf as the nation’s oil industry opens up to private investment for the first time in 75 years. Officials from the state oil company travelled to the capital this week to meet..

24/03/2014

BY REUTERS SINGAPORE/LONDON: Asian spot liquefied natural gas (LNG) prices may have bottomed out as Japanese buyers stepped back into the market to prepare for peak summer demand. Prices for May delivery rose to around $16.50 per million British ..

24/03/2014

By Joao Peixe of Oilprice.com President Xi Jinping is leading an effort to reform China’s energy sector, which has long been under the strict purview of state-owned enterprises. China is expected to raise retail natural gas prices and may al..

21/03/2014

London, 20 March (Argus) — European LNG imports remained low in January but increased slightly compared with December. January’s gross receipts rose to 34.8TWh from 29.7TWh in December, which was the lowest monthly level since October 20..

21/03/2014

BY AFP Iraq's autonomous Kurdish region pledged Thursday to export 100,000 barrels of oil per day through central government-controlled pipelines in a bid to resolve an impasse with Baghdad ahead of elections. The Kurds and the government ar..

21/03/2014

BY HIMALAYAN NEWS SERVICE KATHMANDU: Nepal Oil Corporation’s monthly loss has once again surged to Rs 1.22 billion after it reduced the price of petrol by Rs 5.50 per litre and that of diesel and kerosene by Rs 3.50 per litre following pressur..

21/03/2014

By AAP PetroChina, China's biggest oil producer, says its profit rose 12.4 per cent last year after higher retail petrol prices helped to narrow heavy losses for its refining unit. PetroChina said on Thursday that earnings rose to 129.6 billion yua..

20/03/2014

Four refining companies have come together to oppose the growing push to scrap the crude oil export ban in the U.S. Fuel Fix reported on the newly found Consumers Refiners United for Domestic Energy (CRUDE), which so far consists of Alon USA Energy I..

20/03/2014

Talks are resuming in Vienna over Iran’s nuclear program between Iran and the P5+1 – China, France, Russia, the U.K., the U.S. and Germany. The interim deal agreed to last November between these parties removed some sanctions from Iran, a..

19/03/2014

By Bloomberg Nigerian oil officials said unchecked theft from pipelines may crimp the African nation’s ability to meet its target of adding 30 percent to crude output by the end of the decade. Stealing and sabotage cost the country 300,000 ba..

19/03/2014

The higher sales to Iran's main clients, mostly in Asia and including Turkey, have come after a temporary agreement eased some sanctions aimed at undermining Tehran's nuclear programme. TOKYO: Iran exported oil at levels higher than allowed under We..

19/03/2014

By Bloomberg Phillips 66 and Royal Dutch Shell Plc (RDSA) walked away with about 3.3 million barrels of the 5 million that the Energy Department sold in what will be the first release from the U.S. Strategic Petroleum Reserve since 2012. Exxon Mobi..

18/03/2014

By Platts Colombia's state-owned Ecopetrol is scheduled to import 11 cargoes and export five cargoes of refined oil products in March, according to a preliminary loading program obtained Monday by Platts. Ecopetrol's imports include six cargoes of ..

17/03/2014

BY Daily News Egypt  Reuters – Fitch Ratings says BG Energy Holdings Ltd, BP plc, Royal Dutch Shell plc and Total SA are among the rated oil and gas companies in EMEA that stand to gain from a potential shift in EU countries’ energ..

17/03/2014

By Fars News Agency (FNA) TEHRAN (FNA)- South Korea's crude imports from Iran surged 104 percent in February from a year earlier, the country's customs data and a refining source said. South Korea imported 1.1 million tons of Iranian crude last mon..

17/03/2014

By Bloomberg Oil demand will be higher in 2014 than previously estimated as global economic growth recovers, the International Energy Agency said. Pressure on supplies will ease in coming months as seasonal consumption dips. World consumption will ..

17/03/2014

By Bloomberg OPEC crude production rose above its target for the first time in five months as Iraq pumped the most in 35 years, according to the International Energy Agency. The 12 members of the Organization of Petroleum Exporting Countries produc..

14/03/2014

By Bloomberg News   China refined the least crude in four months as fuel demand in the world’s second-largest oil consumer slowed amid a cooling economy. Processing in the January-to-February period fell 1 percent from a year earlie..

14/03/2014

By Bloomberg News The Organization of Petroleum Exporting Countries will cut crude exports this month to the lowest level since November as refinery demand slows in Europe and North America, according to tanker-tracker Oil Movements. OPEC, responsi..

14/03/2014

By China Daily China and Saudi Arabia — Beijing's biggest foreign source of crude oil — promised on Thursday to forge a stronger relationship and expand their cooperation beyond the traditional field of energy. "We should keep energy co..