Pipelines

Oil hovers below $70 highs, clouded by rise in U.S. output

Oil hovers below $70 highs, clouded by rise in U.S. output

Published 15/01/2018

Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. [more…]

Oil retreats from $70 highs but set for fourth week of gains

Oil retreats from $70 highs but set for fourth week of gains

Published 12/01/2018

FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S. September 28, 2014. REUTERS/Lucy Nicholson/File PhotoLONDON (Reuters) - Oil prices fell on [more…]

Oil prices hit highest since 2014, but analysts warn of overheated mar

Oil prices hit highest since 2014, but analysts warn of overheated mar

Published 10/01/2018

A gas station attendant pumps fuel into a customer's car at PetroChina's petrol station in Beijing, China, March 21, 2016. REUTERS/Kim Kyung-HoonSINGAPORE (Reuters) - Oil [more…]

Oil dips from highs, but OPEC’s cuts still support market

Oil dips from highs, but OPEC’s cuts still support market

Published 22/12/2017

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, U.S., September 15, 2015. REUTERS/Nick Oxford/File [more…]

Oil prices edge up on North Sea pipeline outage, falling stocks

Oil prices edge up on North Sea pipeline outage, falling stocks

Published 15/12/2017

FILE PHOTO - A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. REUTERS/Lucy Nicholson/File PhotoSINGAPORE/LONDON (Reuters) - Oil [more…]

Oil stable as strong Chinese demand counters rising dollar

Oil stable as strong Chinese demand counters rising dollar

Published 08/12/2017

FILE PHOTO - A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy NicholsonSINGAPORE (Reuters) - Oil prices were stable on [more…]

U.S. oil dips on increased drilling, but OPEC cuts support global markets

U.S. oil dips on increased drilling, but OPEC cuts support global markets

Published 27/11/2017

FILE PHOTO: Equipment used to process carbon dioxide, crude oil and water is seen at an Occidental Petroleum Corp enhanced oil recovery project in Hobbs, [more…]

U.S. oil exports boom, putting infrastructure to the test

U.S. oil exports boom, putting infrastructure to the test

Published 30/10/2017

Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. [more…]

U.S. Midwest oil refiners boost output, cut region`s dependence on Gulf Coast

U.S. Midwest oil refiners boost output, cut region`s dependence on Gulf Coast

Published 23/10/2017

U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade maps. [more…]

Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

Published 17/10/2017

Iraqi forces completed an operation to take control of all oil fields operated by state-owned North Oil Company in the Kirkuk region on Tuesday, a senior military officer said. [more…]