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  • Reuters2 hours ago

    Demand for lower sulphur refined products to drive US crude exports -Enterprise Products

    Demand for U.S. light sweet crude is set to rise amid changes in sulphur specifications for refined products like fuel oil and as shale producers continue to drill for more crude, an executive from U.S. pipeline firm Enterprise Products said on Monday. "The (crude oil) barrels have to clear across the water ... To the demand in Asia, to the demand in Europe," Brent Secrest, senior vice president at Enterprise Products, said at an industry event in Singapore. U.S. crude oil production has spiked following the shale oil revolution in the late-2000s, leading to a glut in domestic crude supplies, with U.S. refiners are geared towards processing heavier crude with higher sulphur content.

  • Oilprice.com7 hours ago

    OPEC’s Premature Victory Lap

    OPEC’s meeting on Friday did not yield any major decisions, and even though the cartel reports strong compliance, it remains unclear whether the deal will be extended

  • Oilprice.com11 hours ago

    Oil Majors Brace For More Niger Delta Attacks

    The upcoming Nigerian elections, alongside the slow pace of the current peace process, could trigger a renewal of violence in the Niger Delta