SINGAPORE- Middle East crude benchmarks Oman and Dubai fell for a second straight session on Wednesday as the March-loading trade cycle approaches its end.
Through the market-on-close price assessment process, GS Caltex lowered its offer for a March Murban crude cargo to 1 cent below OSP and Exxon Mobil cut its offer for a March Upper Zakum crude cargo to 45 cents above Dubai, but did not attract any buyers. urn:newsml:reuters.com:*:nL4N2K121C
The Biden administration is expected to announce a temporary suspension of new oil and gas leasing on U.S. federal lands and waters on Wednesday, and to order that nearly a third of federally run acreage is conserved over the next decade, three sources familiar with the matter said on Tuesday. Y9
Iranian oil exports are climbing in January after a boost in the fourth quarter despite U.S. sanctions, three assessments showed, in a sign that the end of Donald Trump's term as U.S. President may be changing buyer behaviour.
Venezuelan state oil company PDVSA's inventories of its main export crude grade dipped this week to their lowest levels since late November, internal company documents seen by Reuters showed.
Trading house Gunvor's founder Torbjorn Tornqvist has increased his stake in the firm after a bumper profit year as he bought out some leaving partners and expanded the board to bring in a new generation of managers.
(Reporting by Shu Zhang; Editing by Shailesh Kuber) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4)) ))
