News Desk

China’s crude oil output rose in August for the first time in nearly three years, data showed, climbing after President Xi Jinping called for a boost to national energy security amid trade tensions with the United States.Monthly crude oil output hit 16 million tonnes, or 3.77 mbpd, up 0.2 per cent...






US shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources familiar with money flows.US crude prices for 2019 and 2020 based on an average of each year’s monthly...






China’s Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province’s heavily discounted crude.State-owned Sinopec, formally known as China Petroleum & Chemical Corp, along with an Alberta indigenous group...






Kinder Morgan has hired investment bank TD Securities (TDS) to facilitate a potential sale of its Canadian business, which could fetch as much as C$2.4 billion ($1.8 billion), people familiar with the situation told Reuters this week.Should the move succeed, it would mark the exit of the US pipeline...






Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November.India’s loadings from Iran for this month and next will...






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