The parties have also discussed if the Venezuelan crude can refill the US Strategic Petroleum Reserve. Read more at straitstimes.com. Read more at straitstimes.com.

NEW YORK (Reuters) - U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for a flood of increased supply in coming months from the ...

Venezuela has begun cutting crude oil production as a sweeping US oil blockade chokes storage capacity and reduces exports to zero, deepening political and economic pressure on Caracas amid rising global supply concerns.

I.I Crude oil transport and storage ensure continuous, safe, and cost-efficient movement of stabilized crude from field batteries to refineries and export terminals, while preserving product quality, minimizing losses, and meeting custody-transfer and ...

The Caspian Pipeline Consortium has told Kazakh oil producers that it cannot accept the intake of any more crude on its network after bad weather in the Black Sea halted tanker loadings.

The US and Venezuela reached a deal to export up to $2 billion in crude to the US, with President Donald Trump saying the move would divert oil from China and ease pressure on Venezuelan production.

Venezuela was loading crude only for U.S. major Chevron on Tuesday, while operations by state-run oil firm PDVSA to load cargoes for its main customers in China remained on hold for a fifth day, shipping data showed.

Government officials in Caracas and Washington are discussing exporting Venezuelan crude oil to refiners in the United States, five government, industry ‍and shipping sources told Reuters on Tuesday,