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India

Devika Krishna Kumar

Oil producers, refiners face surging global freight rates after U.S. sanctions

12 Oct 2019

HOUSTON/NEW YORK/LONDON Rates to charter oil tankers from the Arab Gulf, United Kingdom and the U.S. Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of U.S. sanctions on units of Chinese giant COSCO.

Oil producers, refiners grapple with surging global freight rates after U.S. sanctions

12 Oct 2019

HOUSTON/NEW YORK/LONDON, Oct 11 Rates to charter oil tankers from the Arab Gulf, United Kingdom and the U.S. Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of U.S. sanctions on units of Chinese giant COSCO.

UPDATE 1-China's Unipec bans use of oil tankers linked to Venezuela -sources

11 Oct 2019

NEW YORK/HOUSTON, Oct 10 China's Unipec, the trading arm of Asia's top oil refiner Sinopec, has banned the use of vessels linked to oil flows from Venezuela in the last year, according to sources familiar with the matter and a contract clause seen by Reuters on Thursday.

Oil eases on concerns over U.S.-China talks, weak demand signals

09 Oct 2019

NEW YORK Oil prices slid on Tuesday as Washington's blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, although unrest in Iraq and Ecuador lent some support to crude prices.

Oil shipping rates from U.S. to Asia hit three-year high, quieting November trade - sources

03 Oct 2019

HOUSTON/NEW YORK Freight rates for U.S. crude tankers bound for Asia were bid up to a more than three-year peak this week as U.S. sanctions on a Chinese transport giant cut vessel availability, traders and shipbrokers said.

UPDATE 9-Oil slides 2% as U.S. inventories build, weak economic data weighs

03 Oct 2019

* U.S. crude stockpiles build as refineries cut back runs - EIA

UPDATE 1-SK Energy charters supertanker for record $10 mln to ship U.S. crude to South Korea -sources

03 Oct 2019

NEW YORK/HOUSTON, Oct 2 South Korea's top refiner, SK Energy, chartered a supertanker to ship U.S. crude to South Korea in November for a record $10 million as freight rates surge after the United States imposed sanctions on a Chinese firm, sources familiar with the matter said on Wednesday.

CORRECTED-Oil shipping rates from U.S. to Asia hits 3-year high, quieting Nov trade -sources

02 Oct 2019

HOUSTON/NEW YORK, Oct 1 Freight rates for U.S. crude tankers bound for Asia were bid up to a more than three-year peak this week as U.S. sanctions on a Chinese transport giant cut vessel availability, traders and ship brokers said.

UPDATE 1-Saudi to consider 'all options' in response to attack on oil facilities -official

25 Sep 2019

NEW YORK, Sept 24 Saudi Arabia believes Iran conducted the recent attacks on its oil facilities and will consider a military response once its investigation is complete, the kingdom's minister of state for foreign affairs said on Tuesday.

Like fine whisky, Texan oil exporters tout unblended crude

23 Sep 2019

NEW YORK/HOUSTON 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.

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