Serene Cheong and Sharon Cho
Government, Business, Fuel
The Gemini Star oil tanker, owned by a subsidiary of Saudi Aramco, is seen with a tug boat. (Dana Smillie/Bloomberg News)
Saudis Curb Oil Supply to Some Buyers After Vow to Pump Less
The Gemini Star oil tanker, owned by a subsidiary of Saudi Aramco, is seen with a tug boat. (Dana Smillie/Bloomberg News)
Saudi Arabia reduced crude oil supplies to at least 11 refiners in Asia and most buyers in Europe after the kingdom volunteered to cut its production by 1 million barrels a day for February and March.
January 13, 2021
Business, Fuel
(Frederic J. Brown/AFP via Getty Images)
Oil Traders Brace for Asian Refining Cuts
(Frederic J. Brown/AFP via Getty Images)
Oil traders in Asia are expecting refineries to cut operating rates and extend shutdowns as the spread of coronavirus stops people from flying or traveling by road.
January 30, 2020
Government, Business, Fuel
Bloomberg News
US Sanctions on Venezuelan Oil Could Benefit China, India
Bloomberg News
If the United States decides to deploy a slate of sanctions that it is said to have drafted against the Latin American nation, American refiners would be forced to cease purchases. That may mean more supply becomes available for the OPEC producer’s other big customers: China and India.
January 24, 2019