Oil slumps 4% as Shanghai lockdowns stoke demand fears

Pump jacks operate at sunset in Midland, Texas US February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Shanghai COVID lockdowns drag into fourth week EU considers ‘smart sanctions’ on Russian oil -media US dollar hits two-year high on potential interest rate rise NEW … Read more

Norway arrests activists blocking tanker unloading Russian oil

OSLO, April 25 (Reuters) – Norwegian police said they had arrested 20 Greenpeace and Extinction Rebellion campaigners who on Monday blocked a tanker from delivering Russian oil to an Exxon Mobil terminal. In a protest against Russia’s invasion of Ukraine, activists had fastened their red rubber dinghy to the Ust Luga’s anchor chain, Greenpeace said, … Read more

India refiners skip Rosneft crude tenders on ‘biased’ terms -sources

The logo of Russia’s top crude producer Rosneft is seen on the top of a building in Stavropol, southern Russia, December 9, 2014. REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, April 21 (Reuters) – India’s state refiners did not submit bids in tenders issued by Russia’s top oil producer … Read more

Exxon Mobil may completely withdraw from Russia by June 24 – sources

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 21 (Reuters) – Exxon Mobil Corp (XOM.N) is considering a complete withdrawal from Russia by … Read more

For oil refiners, now is the summer of distillate content

A nighttime view of Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, diesel fuel, and other refined petroleum products, in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Refiners are planning … Read more

Oil prices rise on supply concerns as Ukraine crisis deepens

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Register now for FREE unlimited access to Reuters.com Register Brent futures up 1.3% at 0030 GMT, WTI gains 0.9& Libya halts operations at El Feel oilfield due to protests US oil drilling, output … Read more

Tunisia, others seek to limit damage after ship sinks carrying fuel

TUNIS, April 17 (Reuters) – Tunisia will work with other countries that have offered to help it to prevent environmental damage after a merchant ship carrying up to one thousand tonnes of oil sank in Tunisian waters, the defense ministry said on Sunday. The ship was heading from Equatorial Guinea to Malta when it sank … Read more

Oil rises on news EU may phase in a ban on Russian oil imports

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register HOUSTON, April 14 – Oil prices settled higher on Thursday after an early decline as investors covered short … Read more

EXCLUSIVE Oil traders to cut Russian oil purchases from May 15 – sources

View shows railroad freight cars, including oil tanks, in Omsk, Russia May 1, 2020. REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, April 13 (Reuters) – Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid … Read more

IEA details plan to release 120 million barrels of oil to cool prices

An oil pump of IPC Petroleum France is seen at sunset outside Sommesous, near Reims, France, February 28, 2022. Picture taken February 28, 2022. REUTERS/Pascal Rossignol Register now for FREE unlimited access to Reuters.com Register IEA countries to tap 60 mln bbls oil on top of US release Japan to release 15 mln bbls, followed … Read more