LONDON / MEXICO CITY (Reuters) – The United States is considering an October deadline to end exemptions from Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources said, as Washington seeks to increase heat on President Nicolas Maduro. FILE PHOTO: A …
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A $ 1.6 million barrel crude oil inventory sent oil prices higher today, with the Energy Information Administration also reporting a drop in gasoline inventories and a modest build in distillate fuel inventories. This compares with a draw of 4.5 million tonnes for the previous week, the third weekly haul …
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A large built-in gasoline inventory that offset a modest draw of crude oil inventories cooled Cool Bulls sentiment in markets Tuesday afternoon The U.S. Petroleum Institute (API) reported Tuesday a 4.264 million-tonne inventory of crude inventory for the week ending August 14 – a near mirror of last week’s sign …
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The International Energy Agency this week revised its forecast for gasoline and jet fuel for the rest of the year. In seemingly unrelated news, Philips 66 said it is turns a San Francisco refinery in a biodiversity plant. In separate news, Shell said it will permanently shake up a refinery …
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Venezuelan oil company PDVSA is recently considering re-launching another petrol-producing unit, hoping to put an end to the petrol shortage in the country, which sits on top of the world’s largest reserves of crude oil. PDVSA plans to restart the gasoline-producing unit at its CRP refining complex within two weeks, …
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