March 17, 2017

From Bloomberg HOUSTON (Bloomberg) — Vitol Group BV, the trader that shipped the first cargo of U.S. crude after export restrictions ended in late 2015, predicts the country’s oil exports will grow “a lot more” because of rising production in Texas. U.S. crude shipments briefly surged to a record 1.21 MMbpd in mid-February, up from 32,000 in 2010, when most of

From Reuters/CNBC Saudi Arabia’s King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing on Thursday, as the world’s largest oil exporter looks to cement ties with the world’s second-largest economy. The octogenarian monarch, who has overseen the launch of an ambitious economic reform plan since his accession two years