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31-40 results from 1000 for query «crude»

September 23, 2018 2:15 PM OPEC Sees Competition With U.S. Shale Oil Subsiding After 2023

U.S. shale could slow significantly in less than five years, OPEC report predicts ALGIERS—U.S. shale oil production will peak by the late 2020s, triggering renewed demand for OPEC crude after an expected decline and stagnation, the oil cartel said Sunday. In its latest forecast on the global oil landscape, the Organization of the Petroleum Exporting 56

September 12, 2018 7:59 PM Brent reaches $80 a barrel after fall in U.S. crude stocks

NEW YORK (Reuters) - Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply. Benchmark Brent crude LCOc1 futures rose 68 cents to settle at $79.74 a barrel. The global benchmark earlier reached $80.13 a barrel 59

September 10, 2018 9:52 PM Gunmen Storm Libya’s State Oil Company as Supply Risks Grow

Attack on country’s main wealth source adds to oil supply concerns in Iran and Iraq Gunmen stormed the headquarters of Libya’s National Oil Corp. Monday in an attack that killed two people, the state-run company said, the latest sign of turmoil in the large oil-producing country at a time when global crude markets are looking for alternatives to Iranian 48

September 4, 2018 7:11 PM Tropical Storm Gordon shuts 9 percent of oil output in Gulf of Mexico

HOUSTON (Reuters) - Tropical Storm Gordon has shut 9.23 percent of daily crude oil production in the U.S.-regulated Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Tuesday. The storm, forecast to come ashore late Tuesday or early Wednesday in Mississippi as a hurricane, has also shut 9.06 percent of daily natural 42

August 28, 2018 8:51 PM South Sudan rebels to sign latest draft peace deal: Sudan

KHARTOUM (Reuters) - Sudan said on Tuesday that South Sudanese rebels will sign the latest draft of a comprehensive peace deal with the Juba government later this week after assurances that a power-sharing accord inked earlier this month will be honored. President Salva Kiir and the leader of the main rebel group, Riek Machar, signed up to the ceasefire 71

August 24, 2018 5:30 AM Exclusive: China's Unipec to resume U.S. oil purchases after tariff policy change

SINGAPORE/BEIJING (Reuters) - China’s Unipec will resume purchases of U.S. crude oil in October after a two-month halt due to the trade dispute between the world’s two largest economies, three sources with knowledge of the matter said. The decision to start buying crude oil again from the United States comes after Beijing earlier in August excluded it from its import 56

August 17, 2018 1:06 AM Oil prices fall amid fears over global economic growth

TOKYO (Reuters) - Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products. Brent crude oil futures LCOc1 were down 5 cents at $71.38 a barrel by 0050 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 dropped 4 cents 54

August 16, 2018 11:08 PM U.S. Signals It Could Sanction China Over Iran Oil Imports

Secretary of state says U.S. strategy aims to change Tehran’s behavior WASHINGTON—The new U.S. special representative for Iran said Thursday the Trump administration is prepared to impose sanctions on all countries that buy oil from Iran after a deadline in November, including China, the top importer of Iranian crude. Brian Hook, who has been appointed 51

August 14, 2018 7:25 PM The Key to Big Profits in Clean Energy: Animal Fats

In the global push for cleaner energy, one Finnish oil company fuels its growth by making diesel from animal fat One of the best-performing stocks in the global oil sector this year is a company that makes most of its money without touching crude. Finnish state-backed refiner Neste Oil has carved out a niche using proprietary processing to turn animal 51

August 9, 2018 5:38 PM China’s Tariff Turnaround: U.S. Crude Oil Drops Off the Target List

China has become the biggest buyer of U.S. crude; ‘would be shooting itself in the foot’ As China made good on its threat to impose 25% tariffs on $16 billion worth of U.S. imports, one big-ticket item originally on its hit list was conspicuously missing: crude oil. Oil had been one of a slate of targets China listed in June for tariffs to counter those 41