Oil Exports

A total of 1.24 billion barrels of crude and condensate, a light form of oil recovered from gas fields, was moving on tankers in the week to October 17

India's August oil imports fall on lower Russian shipments

India’s fuel consumption in August inched up from a 10-month low, as strong factory activity offset the usual monsoon lull.

Russian oil exports fall in February after EU embargo: IEA

Oil exports by Russia fell by 500,000 barrels per day to 7.5 million bpd in February as the EU embargo kicked in on February 5.

Russia's oil is in long-term decline and the war has only added to the problem

The International Energy Agency (IEA) predicted that from April, three million barrels per day of Russian oil output could be shut in that’s about a third of the total.

Watch: Will FMCG stocks gain from Indonesia lifting ban on palm oil exports?

As Indonesia lifts palm oil export ban from May 23, prices have slumped to 17,500 per litre and edible oil rates have also dropped. Karunya Rao and Manisha Gupta decode the impact from the move on FMCG companies and consumers.

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

Front-month Brent crude futures, the international benchmark for oil, rose 29 cents, or 0.6 percent, to $51.62 per barrel by 0653 GMT.

Iran oil exports surpass 2 million barrels per day: Minister

"Iran's oil and gas condensate exports are now at more than 2 million barrels per day" after rising by 250,000 bpd since March 1, the ministry's Shana news service quoted Zanganeh as saying.

Iran mulls building oil refinery in Spain: Minister

"Iran is studying the possibility of setting up a refinery in Spain, specifically in Algeciras," on the south coast, Garcia-Margallo said yesterday in Brussels after welcoming the implementation of the Iran nuclear agreement.

Oil-laden Iran tankers set to target India and Europe

Iran expects the UN nuclear watchdog to confirm on Friday it has curtailed its nuclear programme, paving the way for the unfreezing of billions of dollars of assets and an end to bans that have crippled its oil exports.

Mideast oil exports unlikely to face disruptions: Analyst

Oil prices are higher Tuesday in Asian trade after a decline overnight as a slump in global and China equities offset early gains from geopolitical tensions in the Middle East that sparked concerns about supply disruptions.

Oil prices fall ahead of US stocks data

US benchmark West Texas Intermediate for September delivery fell 17 cents to USD 42.45 a barrel and Brent crude for October dipped 23 cents to USD 48.58 a barrel in late-morning Asian trade. Both contracts eked out modest rebounds in closing deals in New York yesterday.

Oil prices slide further in Asia

US benchmark West Texas Intermediate for September delivery was down seven cents to USD 41.80 in late-morning trade.

OPEC just kicked oil into the $30s

West Texas Intermediate crude futures skidded through the year's lows and looked set to break into the USD 30s-per-barrel range after the Organization of the Petroleum Exporting Countries admitted to more pumping and China devalued its currency, sending ripples through global markets.

Oil prices rebound in Asia but crude oversupply weighs

Oil prices rose in Asia on Friday following recent losses but analysts said the rebound is unlikely to be sustained because of a global crude glut.

Oil prices higher in Asian trade

US benchmark West Texas Intermediate for August delivery rose 26 cents to USD 53.29 and Brent crude for August climbed 10 cents to USD 58.61 a barrel in late morning trade.

'Iran deal may revive long-pending gas pipelines to India'

The landmark nuclear deal reached between major world powers and Iran will lead to an increase in oil exports from the West Asian nation to India, and may revive the long-pending gas pipeline projects involving the two countries, industry body Ficci said on Tuesday.

Obama hails step towards more hopeful world after Iran deal

Under the deal, sanctions imposed by the United States, European Union and United Nations will be lifted in return for Iran agreeing long-term curbs on a nuclear programme that the West has suspected was aimed at creating a nuclear bomb.

Oil falls further in Asia with Iran deal close

US benchmark West Texas Intermediate for August delivery fell 75 cents to USD 51.45 and Brent crude for August eased 60 cents to USD 57.25 in afternoon Asian trade.

Oil prices down in Asia as Iran deal looms

A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market, analysts said. US benchmark West Texas Intermediate for August delivery was down 86 cents to USD 51.88 and Brent crude tumbled 96 cents to USD 57.77 a barrel in late-morning trade.

Oil sinks towards $56 as China, Greece and Iran weigh

These concerns compounded downward pressure on prices from the supply side as the prospect of a deal on Iran's nuclear work raised the possibility of more supply reaching a market many analysts see as already having too much oil.

Oil prices up on Middle East fighting; OPEC output in focus

Despite these Middle East conflicts, analysts said oil markets remained oversupplied, and that the glut could worsen if US -production picked up and output by producer-club OPEC remained strong.

Oil drops to $55 as Iran nuclear talks intensify

With a self-imposed deadline set for the end of the day, the United States, Britain, France, Germany, Russia and China ramped up the pace of negotiations with Iran in Switzerland over an outline deal on Tehran's nuclear programme.

Asian imports of Iran crude fall 25%, led by India, S Korea

Saudi Arabia and allies launched an air campaign in Yemen last week to oust Shi'ite Muslim rebels to check what Riyadh says is Iranian influence in its backyard. Tehran denies that it supports Yemen's Houthi rebels militarily.

Why OPEC's losing its ability to set oil prices

US shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover "swing producer," according to a Goldman Sachs report from the weekend—meaning OPEC is losing its power to set global prices for crude.

Brent stays above $107, set for weekly gain

Large price swings are not expected ahead of the US non-farm payrolls data due at 1330 GMT. A Reuters poll points to a recovery in US jobs growth to 185,000 in January from a measly 74,000 in December.