Edition:
United Kingdom

Devika Krishna Kumar

Oil dips further from 2019 highs on demand worries

22 Mar 2019

NEW YORK Oil fell about 2 percent on Friday, slipping further from 2019 highs as focus shifted to a lack of progress in U.S.-China trade talks and as grim manufacturing data from Germany and the U.S. reignited fears of a slowdown in the global economy and oil demand.

Exclusive: Philadelphia Energy Solutions execs depart amid financial woes

20 Mar 2019

NEW YORK Senior executives at Philadelphia Energy Solutions (PES) left amid a broader management overhaul at the East Coast refiner, which continues to struggle financially, three sources familiar with the matter said on Wednesday.

Canadian, Brazilian oil producers lock in revenues as prices rally: sources

19 Mar 2019

NEW YORK Oil producers in Canada have jumped on an opportunity to lock in revenues for 2019 and 2020 as average crude futures for those years have soared over 20 percent to their highest levels this year, sources familiar with the deals said.

Canadian, Brazilian oil producers lock in revenues as prices rally -sources

19 Mar 2019

NEW YORK, March 19 Oil producers in Canada have jumped on an opportunity to lock in revenues for 2019 and 2020 as average crude futures for those years have soared over 20 percent to their highest levels this year, sources familiar with the deals said.

U.S. crude stockpiles drop unexpectedly last week: EIA

13 Mar 2019

NEW YORK U.S. crude oil stockpiles declined unexpectedly last week as output slipped from record highs and refining rates edged up, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.

UPDATE 1-U.S. crude stockpiles drop unexpectedly last week -EIA

13 Mar 2019

NEW YORK, March 13 U.S. crude oil stockpiles declined unexpectedly last week as output slipped from record highs and refining rates edged up, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.

Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom

11 Mar 2019

NEW YORK/HOUSTON Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivalling large trading firms and oil majors, in a market now worth more than $150 million (115.6 million pounds)every day.

RPT-EXCLUSIVE-Occidental emerges as heavy hitter in U.S. oil export boom

11 Mar 2019

NEW YORK/HOUSTON, March 11 Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day.

RPT-Enbridge pipeline delay spooks traders in long-term Canada crude market

11 Mar 2019

NEW YORK/CALGARY, Alberta, March 10 North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project.

Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom

11 Mar 2019

NEW YORK/HOUSTON Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day.

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