United States

Devika Krishna Kumar

Exclusive: Indian refiners plan to wind down Venezuelan oil buys in April - sources

4:01am EST

老虎机技术打法Indian refiners Reliance Industries and Nayara Energy are planning to wind down purchases of Venezuelan oil in April fearing future U.S. sanctions could choke off all avenues to trade with state-run oil firm PDVSA, three sources with knowledge of the matter said.

Oil prices dive to lowest in over a year on coronavirus fears

Feb 27 2020

NEW YORK Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year, as new reports of novel coronavirus cases outside China spurred investor fears that the rapidly spreading outbreak could slow the global economy. | Video

U.S. shale oil outlook darkens as by-product prices slide

Feb 20 2020

DENVER/NEW YORK U.S. shale oil drillers could scale back investment in production more quickly than previously expected this year after prices slid for what had been a lucrative by-product of their operations.

Struggling U.S. shale producers lose profitable niche

Feb 20 2020

DENVER, Feb 20 Swooning prices for natural gas liquids (NGLs) such as butane and propane have dealt another blow to hard-hit U.S. shale producers, hampering the one market niche that had been supporting companies that slashed spending and reallocated rigs to bolster thin profits.

Energy Transfer signs NGL transportation, processing agreement

Feb 19 2020

Energy Transfer LP said on Wednesday it signed agreements with an undisclosed company for the gathering, processing, transportation and fractionation of natural gas liquids (NGLs) in the Eagle Ford shale basin through 2034, and the Delaware basin through 2040.

U.S. sanctions on Rosneft Trading seen shifting crude flows

Feb 19 2020

U.S. sanctions on Russian Rosneft's trading arm will disrupt a slice of global crude flows and may prompt refineries in Europe, India and the United States to shift purchases to other crude suppliers, traders said.

U.S. shale oil output to rise to record, natgas output to drop in March: EIA

Feb 18 2020

NEW YORK U.S. shale oil output is expected to rise by about 18,000 barrels per day (bpd) in March to a record 9.18 million bpd, driven by gains in the Permian Basin, data from the U.S. Energy Information Administration showed on Tuesday.

Oil prices climb on prospects for deeper OPEC+ output cuts

Feb 13 2020

NEW YORK Oil prices edged higher on Thursday as investors hoped the world's biggest producers would cut output more while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oil importer China.

Stranded tankers, full storage tanks: coronavirus leads to crude glut in China

Feb 13 2020

BEIJING/SINGAPORE/NEW YORK The coronavirus's effect on energy markets is worsening, as the sharp fall in demand in China, the world's largest importer of crude, is stranding oil cargoes off the country's coast and prompting shippers to seek out other Asian destinations.

World News

Global downturn looms as countries struggle to contain coronavirus outbreak

The coronavirus spread further on Friday, with cases reported for the first time in at least six countries across four continents, battering markets and leading the World Health Organization (WHO) to raise its impact risk alert to "very high."

U.S. vows to remain engaged with Egypt, Ethiopia, Sudan on Blue Nile dam

Malaysian rivals Mahathir and Anwar ally again amid turmoil

Editor's Picks Video