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KAZAKH CRUDE OIL
Druzhba pipeline is set to restart oil flows to Europe, potentially unblocking EU's Ukraine loanHungary as a European Union member state has the power to block the loan even though it is not contributing to it. It will cover two thirds...- Russian oil bound for China is diverted as India grabs moreA Russian oil tanker, Aqua Titan, has diverted from China to India mid-voyage and is set to reach New Mangalore on March 21, reflecting New...
- WTI oil prices fall as risks from Kazakh production halt subsideCrude oil prices dipped on Wednesday, with West Texas Intermediate falling as geopolitical tensions and anticipated U.S. inventory builds o...
- Two oil tankers attacked near key CPC loading terminal in the Black SeaTwo oil tankers were attacked near the Caspian Pipeline Consortium's Black Sea loading terminal, a key export route for Kazakh crude. The s...
- Oil prices stable on Monday as data offsets surplus concernsOil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors' concerns about a supply...
- Oil prices firm on hopes of US policy support for economic growthOil prices saw a slight uptick following positive U.S. inflation data, sparking hopes of relaxed monetary policies and boosted demand. Bren...
- India's oil imports from Russia rebound in November: DataIndia's Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption ro...
- Crude edges up ahead of OPEC+ meet, shrugs off US oil stockbuildBrent crude futures were up 43 cents, or 0.5%, to $82.11 a barrel by 11:32 a.m. ET [1632 GMT]. U.S. West Texas Intermediate (WTI) crude fut...
- Oil prices rise after storm disrupts Kazakh, Russian exportsBrent crude futures gained 33 cents, or 0.4%, at $82.01 a barrel at 0127 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed 45 c...
- Turkey tanker spat escalates with millions of barrels stuckLate last month, Turkey insisted on proof that oil-carrying ships are insured after European Union sanctions on Russia came into effect.
- India-bound ships with oil among millions stuck in jamThe result is that at least 20 carriers holding 18 million barrels of crude oil have been waiting for several days to pass through the Bosp...
- Oil prices rebound after dropping to lowest in months on weak U.S. demandWhile the United States has asked the group to boost output, spare capacity is limited and Saudi Arabia may be reluctant to beef up product...
- Brent crude fell over 4% in a week amid economic worries; could trade in $98 and $112 rangeBrent posted a weekly decline of about 4.1 per cent and WTI a loss of 3.4 per cent, following the first monthly decline since November. Pri...
- Oil prices extend losses as Shanghai lockdowns hit demand outlookOil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes wo...
- Oil futures climb as supply concerns lingerBrent futures were up about $1.06, or 0.9%, to $122.66 a barrel and U.S. West Texas Intermediate futures were up about 79 cents, or 0.7%, t...
- India's IOC no longer accepts Russian, Kazakh crude on FOB basis: ReportThe letter was sent on Monday to traders who submit cargo offers into IOC's regular crude oil buy tenders.
- PM Narendra Modi's Central Asia tour: India set to push trade with resource-rich KazakhstanSources said PM Modi will be in Kazakhstan hoping to boost connectivity with the landlocked country and reap the full potential of a busine...
- OVL gets nod to buy 25% in Kazakh blockONGC Videsh Ltd (OVL), which has partnered with London-based LN Mittal Group for oil exploration overseas, has received government approval...
- ONGC suffers another blow as Imperial gives up Kazakh licenceImperial Energy, which is in the process of being taken over by ONGC, has not renewed its licence to prospect oil in Kazakhstan. The non-re...
- BPCL buys first CPC Blend cargoBharat Petroleum Corporation Ltd (BPCL) has bought its first cargo of Kazakh ultra-light CPC Blend crude, as well as Nigerian and Abu Dhabi...
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