By Mohi Narayan and Nidhi Verma SOUTH GOA, INDIA, Jan 30 (Reuters) - A rare combination of rising fuel demand and expanding refining capacity is drawing global commodity traders to India, with firms such as Trafigura seeking long-term partnerships with state oil companies.

Oil price moves aren't random, and sharp reversals and stalls are often driven by options positioning and mechanical hedging flows, not news or fundamentals.

The Trump administration awarded $500 million in contracts for Venezuelan oil sales to two firms with a history of bribery and corruption.

President Donald Trump has portrayed his takeover of Venezuela’s oil sales as a victory for America, but when his administration wanted to sell several billion dollars’ worth of the fuel quickly, the experts it turned to were a couple of foreign trading houses.

Tanker seizures risk removing up to 500,000 barrels per day of Venezuelan supply if storage constraints force production shut-ins. Venezuelan heavy sour crude is difficult to replace, creating disproportionate stress for complex refineries and middle ...

Add Yahoo as a preferred source to see more of our stories on Google. Two U.S. officials confirmed to CBS News Tuesday that Russia had sent a submarine and other Russian naval vessels to escort the tanker Marinera, which sails under a Russian flag.

Shell warned that a weak oil trading performance would drag on its earnings and narrowed guidance for its liquefied natural gas production. The London-based energy giant Thursday said its fourth-quarter trading performance would be significantly lower than ...