Oil

(Reuters) – Two tankers chartered by Chevron carrying Venezuelan crude reached U.S. waters on Thursday, marking the first U.S. imports of the South American country’s oil following a new license granted by Washington, vessel tracking data showed. The U.S. Treasury Department last month issued a restricted license to Chevron allowing the U.S. company to operate …

US Resumes Imports of Venezuelan Oil Under New License to Chevron Read More »

Summary Brent, WTI rise for a second session US crude, gasoline stocks fall, lifting demand outlook Focus on talks for Ukraine peace deal (Reuters) – Oil prices rose 1% on Thursday, bolstered by signs of strong demand in the United States, with uncertainty over efforts to end the war in Ukraine also lending support. Brent …

Oil Rises 1% on Signs of Strong Demand, Russia-Ukraine Peace Uncertainty Read More »

By Scott Disavino US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace talks affects oil price volatility Trump says US may provide air support to back a Ukraine deal NEW YORK, Aug 20 (Reuters) – Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude …

Oil Prices Rise on Drop in US Crude Inventories as Investors Focus on Ukraine Peace Push Read More »

(Reuters) – BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, on Tuesday reported flaring due to flooding caused by a severe thunderstorm overnight, the company said. “The Whiting Refinery’s operations were impacted by the significant thunderstorms overnight in Northwest Indiana that led to flooding and severe conditions in the surrounding neighborhoods,” the company said on Tuesday in …

BP’s 440,000-bpd Refinery in Whiting, Indiana, Reports Flaring Due to Severe Thunderstorms, Company Says Read More »

By Andrea Shalal WASHINGTON, Aug 19 (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable. Bessent told CNBC in an interview that Russian oil now accounted for 42% of India’s total …

US Treasury Chief Bessent Accuses India of Profiteering on Russian Oil Purchases Read More »