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By Clyde Russell LAUNCESTON, Australia, March 17 (Reuters) – China continued to boost its crude oil inventories in the first two months of the year as strong imports and domestic output exceeded an increase in refinery production. China’s surplus of crude oil was 1.24 million barrels per day (bpd) in the January-February period, according to …

COMMENTARY: China Boosted Crude Stockpiles at Start of 2026, But is Not Using Them Read More »

  March 17 (Reuters) – Oil loading at the United Arab Emirates port of Fujairah was at least partly halted on Tuesday after a third attack in four days ​caused a fire at the export terminal, while operations at the Shah gas ‌field remained suspended after an earlier attack. The cascading disruptions threaten to completely …

Attacks on UAE’s Fujairah Port and Shah Gas Field Add to Energy Disruption Read More »

(Reuters) – Authorities in Abu Dhabi on Monday were dealing with a fire at the Shah oil and gas field caused by a drone attack and said that no injuries had been reported so far, the Abu Dhabi media office reported. The Shah field is one of the world’s largest of its kind and is …

Fire at Abu Dhabi Shah Oil Field Caused by Drone Attack, Abu Dhabi Media Office Says Read More »

(Reuters) – Daily oil exports from the Middle Eastern Gulf, home to top exporter Saudi Arabia and other major producers, have dropped by at least 60% in the week to March 15 compared to February due to disruptions and output cuts amid the U.S.-Iran war, according to shipping data and Reuters calculations. The effective closure …

Middle East Oil Exports Drop at Least 60% as Hormuz Stays Mostly Closed, Data Shows Read More »