Crude Oil News

The Light-Sweet / Heavy-Sour Crude Spread
The Light-Sweet / Heavy-Sour Crude Spread Austria >> 2/25/2013 - In Asia, light-sweet/heavy-sour differentials, represented by the Tapis-Dubai spread, widened further amid weak North Asian demand for Middle Eastern crudes as peak spring maintenance nears. Medium-so...
Kilimanjaro Capital Signs Technology Alliance with NORT
Angola >> 2/24/2013 - Kilimanjaro Capital Ltd., a private Canadian resource development and services company focusing on emerging nations in West Africa, has signed a Strategic Technology Alliance with Northern Oil Researc...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 2/19/2013 - The two major international crude oil futures on both sides of the Atlantic moved upwards in January to their highest level in several months. The WTI front-month averaged nearly $95/b for the first t...
The Light-Sweet/Heavy-Sour Crude Spread
The Light-Sweet/Heavy-Sour Crude Spread Austria >> 2/16/2013 - The light-sweet/heavy-sour differentials were mixed, ranging from unchanged to slightly wider. While the healthy middle distillate cracks earlier in the month supported the performance of most light s...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 2/15/2013 - Nymex WTI market structure remained in contango in December, with the first month versus second month time spread averaging around 55˘/b, widening by 2˘ from November. However, the spread was steadily...
Samsung Total to Stop Buying Oil from Iran
Iran >> 2/13/2013 - South Korea's Samsung Total Petrochemicals will stop purchasing oil from Iran after it bought one spot cargo, Total's head of refining Patrick Pouyanne told Reuters on the sidelines of the group's ann...
Ceyhan Port Delivered 2.3 Mln Tons of Oil
Azerbaijan >> 2/12/2013 - 2 mln 342 thousand 357 tons of Azerbaijani oil was delivered from Ceyhan Port to the world market in January 2013. (1 mln 429 thousand 14 tons of this volume was the oil of the State Oil Fund of Azerb...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 2/7/2013 - The crude oil futures markets ended December and the year moving in a different direction. While posting a gain in December, front-month WTI registered its first annual loss since 2009. In contrast, t...
Crude Oil & Oil Products Export for January 2013
Crude Oil & Oil Products Export for January 2013 Azerbaijan >> 2/5/2013 - SOCAR Marketing and Economic Operations Department exported 2 thousand 494 tons of petrol, 86 thousand 588 tons of diesel fuel, 8 thousand 591 tons of aircraft gasoline in January 2013. For January 20...
Surgutneftegas Maintains Crude Output Growth
Russia >> 2/5/2013 - In January 2013, Surgutneftegas produced 5.214 mn tons of crude oil. Compared to the first month of 2012, added crude output exceeded over 1%. ...
Rosneft Signs Long-Term Supply Deals via Druzhba Pipeline
Russia >> 2/1/2013 - Rosneft President and Chairman of the Management Board Igor Sechin visited Hamburg to sign a contract for supply of crude oil via the Druzhba pipeline to Poland, where the crude will be purchased by P...
SOCAR Delivers 2.5M Tons of Oil from Ceyhan Port
Azerbaijan >> 1/14/2013 - 2 mln 513 thousand 505 tons of Azerbaijani oil was delivered from Ceyhan Port to the world market in December 2012. (1 mln 647 thousand 563 tons of this volume was the oil of the State Oil Fund of Aze...
SOCAR Crude Oil & Oil Products Export for Dec 2012
SOCAR Crude Oil & Oil Products Export for Dec 2012 Azerbaijan >> 1/7/2013 - SOCAR Marketing and Economic Operations Department exported 167 thousand 3 tons of crude oil from the Novorossiysk Port, 161 thousand 607 tons of crude oil from the Supsa Port, and 1 million 647 thous...
Abu Dhabi to Keep February Term Crude Sales Steady
United Arab Emirates >> 1/4/2013 - Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member the United Arab Emirates, will supply full contractual crude oil volumes to Asia in February, steady from January, industry sources...
Rosneft Agrees Heads of Terms for Crude Supply
Russia >> 12/24/2012 - On 21 December 2012 Rosneft agreed heads of terms for long-term crude supply contracts with Glencore International plc (‘Glencore’) and Vitol, two of the world’s leading trading companies. Under the h...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 12/14/2012 - Crudes oil futures softened again in November, registering two consecutive months of losses on a monthly average basis. There was large day-to-day volatility in the upside and downside trading environ...
The Crude Oil Futures Market Structure
The Crude Oil Futures Market Structure Austria >> 12/12/2012 - The Nymex WTI contango structure widened further in October amid increasing crude oil stocks at Cushing, Oklahoma, the delivery point for the Nymex crude futures contract. The already high stock at Cu...
The Crude Oil Futures Market
The Crude Oil Futures Market Austria >> 12/5/2012 - For the first time since June’s unprecedented month-to-month drop, crude oil futures prices slumped in October, despite late support from fears that Hurricane Sandy could disrupt US east coast gasolin...
Crude Oil & Oil Products Export for November 2012
Crude Oil & Oil Products Export for November 2012 Azerbaijan >> 12/4/2012 - SOCAR Marketing and Economic Operations Department exported 174 thousand 287 tons of crude oil from the Novorossiysk Port, 242 thousand 319 tons of crude oil from the Supsa Port, and 1 million 461 tho...
The Sweet/Sour Crude Spread in October 2012
The Sweet/Sour Crude Spread in October 2012 Austria >> 11/23/2012 - Global light sweet/heavy sour spreads widened amid deteriorating fuel oil refining economics and healthy distillate margins. Disruptions in light sweet crude supplies that contrasted with an abundant ...

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