Energy News Results

  • Saudi's Sept crude oil exports fall 3% after attacks

    Saudi Arabia's crude oil exports in September fell by 3% to 6.67 million barrels per day from 6.88 million bpd in August, official data showed on Monday. Drone and missile attacks on Sept. 14 on two plants at the heart of Saudi Arabia's oil industry - Abqaiq and Khurais - temporarily knocked out more than half the Kingdom's output.

  • Saudi crude oil exports fall to 6.67 mln bpd in September -JODI

    Saudi Arabia's crude oil exports in September fell to 6.67 million barrels per day from 6.88 million bpd in August, official data showed on Monday. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries provide monthly export figures to the Joint Organizations Data Initiative, which publishes them on its website.

  • Oil prices gain 2% despite concerns about rising supplies

    Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices. Benchmark Brent crude rose $1.04, or 1.7%, to $63.32 a barrel, while West Texas Intermediate crude rose 96 cents, or 1.7%, to $57.73 a barrel. Brent and WTI were both on track to post their second straight weekly gain.

  • Oil edges lower on U.S. crude stockpiles, record production

    Oil prices eased on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, but losses were limited by forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus.

  • Oil mixed amid U.S. crude stock build, OPEC surplus forecast

    Oil prices were mixed on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, while forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent.

  • OPEC chief says rival oil supply could underperform in 2020

    * OPEC, allies meet on Dec. 5-6 to set output policy. * OPEC's Barkindo says fog clearing for the global economy. * Says Saudi gave assurances Aramco IPO won't affect OPEC role. By Rania El Gamal. U.S. shale oil supply growth could slow down next year, OPEC's secretary general said on Wednesday in his latest indication that the oil market in 2020 could surprise to the upside.

  • Oil recoups losses as OPEC, U.S. Fed see robust economy

    * U.S. crude stocks seen rising for 3rd week - survey. * OPEC says U.S. oil growth could slow in 2020. * Fed Chair sees "sustained expansion" of U.S. economy. By Dmitry Zhdannikov. Oil prices reversed early losses on Wednesday after OPEC said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020.

  • Finland's Gasum boosts LNG business in Nordics with Linde deal

    Finnish state-owned gas company Gasum said on Wednesday it had agreed to buy Linde's liquefied natural gas and marine bunkering business in Norway and Sweden. Gasum did not disclose the value of the deal. The assets include one LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels and 48 gas filling stations.

  • TABLE-UAE's Fujairah oil inventory data for week ended Nov 11

    Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, the following weekly inventory data for oil products for the week ended Nov. 11.

  • Imperial Oil ramping up crude by rail but not pursuing Alberta rail leases

    Imperial Oil Ltd (IMO) is increasing shipments of Canadian crude by rail after the recent Keystone pipeline outage created more favorable economics, but is not looking to take on Alberta government contracts to move even more oil on trains, Chief Executive Rich Kruger said on Tuesday.

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