Energy News Results

  • Like fine whisky, Texan oil exporters tout unblended crude

    Decades ago, a distiller in Scotland discovered the marketing power of "single malt" whisky, untouched by blending - a technique now being embraced by sellers of Texas crude oil.

  • Oil steadies near $64 on hopes of full Saudi output restart

    Oil stabilized near $64 a barrel on Monday, after gaining nearly 7% last week, due to prospects of a faster-than-expected full restoration of Saudi oil output and pressured by fresh signs of European economic weakness. A source, briefed on the latest developments in the Sept. 14 attack on Saudi oil facilities, told Reuters Saudi Arabia had restored around 75% of crude production lost.

  • Saudi switches crude grades, delays oil supplies to buyers in Asia

    * Replaces light crude with medium, heavy grades. * Complex refineries in Asia able to adapt quickly. By Florence Tan, Jessica Jaganathan and Jane Chung. State oil giant Saudi Aramco has switched crude grades and pushed back crude and oil products deliveries to customers by days after the attacks on its supply hub severely reduced its light oil production and led to output cuts at its refineries.

  • U.S. oil drillers cut rigs to lowest since May 2017 -Baker Hughes

    U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to the lowest since May 2017, even as crude prices jumped more than 7% this week after an attack halved output in the world's top oil exporter Saudi Arabia.

  • Oil slips on trade fears but soars in week after Saudi production attacked

    Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia's energy industry last weekend.

  • Saudi switches crude grades, delays oil supplies to buyers in Asia

    * Replaces light crude with medium, heavy grades. * Complex refineries in Asia able to adapt quickly. By Florence Tan, Jessica Jaganathan and Jane Chung. State oil giant Saudi Aramco has switched crude grades and pushed back crude and oil products deliveries to customers by days after the attacks on its supply hub severely reduced its light oil production and led to output cuts at its refineries.

  • COLUMN-Oil traders reassess interruption of Saudi output: Kemp

    * Chartbook: https://tmsnrt.rs/31uXMgF. Brent oil futures prices have gyrated wildly as traders have tried to assess the impact of last week's attacks on Saudi Arabia's oil infrastructure on the actual availability of crude.

  • COLUMN-Oil traders reassess interruption of Saudi output: Kemp

    * Chartbook: https://tmsnrt.rs/31uXMgF. By John Kemp. Brent oil futures prices have gyrated wildly as traders have tried to assess the impact of last week's attacks on Saudi Arabia's oil infrastructure on the actual availability of crude.

  • Venezuela slows oil output and blending as inventories mount

    * Blending halted at Petropiar, slowed at Petrosinovensa. * Output reduced at Tia Juana, Lagunillas, Bachaquero and Boscan. * Venezuela's crude inventories at highest since January 2018. By Marianna Parraga and Mircely Guanipa.

  • Venezuela slows oil output, blending as stocks mount -sources, data

    * Blending halted at Petropiar, slowed at Petrosinovensa. * Tia Juana, Lagunillas, Bachaquero, Boscan reducing output. * Venezuela's crude inventories at highest since January 2018. By Marianna Parraga and Mircely Guanipa.

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