Edition:
India

Noah Browning

PES refinery outage adds to plight of homeless light sweet crude

19 Jul 2019

LONDON A June 21 fire and explosion set to permanently close the biggest oil refinery on the U.S. East Coast has shaken markets as far away as the North Sea and West Africa, leaving millions of barrels of unsold oil in need of a new home.

PES refinery expected to shut remaining units as crude dwindles: sources

18 Jul 2019

NEW YORK/PHILADELPHIA/LONDON The Philadelphia Energy Solutions refinery, the oldest and largest on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses up the last of its crude supplies, sources said on Wednesday.

UPDATE 2-PES refinery expected to shut remaining units as crude dwindles -sources

18 Jul 2019

NEW YORK/PHILADELPHIA/LONDON, July 17 The Philadelphia Energy Solutions refinery, the oldest and largest on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses up the last of its crude supplies, sources said on Wednesday.

IEA sees oil market oversupplied in 2019 on U.S. production

12 Jul 2019

LONDON Surging U.S. oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months, the International Energy Agency (IEA) said on Friday.

Oil dips on demand worries despite OPEC cut extension

02 Jul 2019

LONDON Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by producer club OPEC on Monday to extend supply cuts until next March. | Video

Nigeria set for highest oil exports to Europe in 7 months on North Sea outages

26 Jun 2019

LONDON, June 26 Outages at North Sea oilfields have helped put competing Nigerian oil on pace to arrive in Europe at the highest levels in seven months in June, according to Refinitiv Eikon data and traders.

Angolan oil struggles to sell on demand fears, weak margins

20 Jun 2019

* Africa's second-biggest exporter a barometer of Chinese market

IEA cuts 2019 estimate for oil demand growth on global trade worries

14 Jun 2019

LONDON The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing countries should boost growth going into 2020.

China demand for Angolan crude oil stalls as buyers hold out for lower prices: sources

03 Jun 2019

SINGAPORE/LONDON African crude oil sales into China, the world's biggest importer, have stalled as buyers wait for spot sale offers from top supplier Angola to fall in line with slumping benchmark prices, refining and trading sources said on Monday.

Rising U.S. oil output helps fill gap left by Iran, Venezuela: IEA

15 May 2019

LONDON The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday.

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