The Next Oil Rally May Depend On China, Not The Middle East
Chinese refiners largely stopped competing for Middle Eastern crude during the Iran conflict, leaving more Gulf cargoes available…
Kuwait offers oil to Asian buyers for the first time since US-Iran war began
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran…
China Scoops Up Russian Crude Amid U.S. Pressure on India
China has boosted imports of Russia’s flagship Urals crude, as refiners buy additional volumes of discounted oil while…
US Refiners to Profit as Heavy Oil Output Rebounds
Flint Hills Resources refinery in Corpus Christi, Texas. (Eddie Seal/Bloomberg News) [Stay on top of transportation news: Get…
Exclusive-Indian state refiners pause Russian oil purchases, sources say
By Nidhi Verma NEW DELHI (Reuters) -Indian state refiners have stopped buying Russian oil in the past week…
US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses
By Arathy Somasekhar HOUSTON (Reuters) -U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and…
Indian Refiner BPCL Seeks to Buy U.S. WTI Oil in Four Consecutive Months
India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) prepares to issue a tender to buy U.S. WTI crude…
India’s Crude Oil Imports From Russia at Two-Year Low
The U.S. sanctions on Russia’s oil trade have led to a slump in Indian imports of Russian crude,…
Gulf Refiners Shun “Watery” Pemex Crude
Refiners on the Gulf Coast are shunning crude oil cargos from Mexico that feature an excessively high water…
Wall Street braces for oil refiners’ lower Q4 earnings, tariff plans
By Nicole Jao NEW YORK (Reuters) – Wall Street is bracing for a sharp decline in U.S. oil…