The following is a selection of the most important news affecting the oil market.
Following is the text of the weekly Petroleum Status Report from the U.S. Department of Energy:
Statoil Fuel & Retail Aviation AS, a unit of Statoil ASA, and SkyNRG agreed to work together to boost the supply of clean fuel to airlines in the Nordic region.
Qantas Airways Ltd. engineers will first consider options other than strikes in response to wage freezes the airline announced last week, their union said.
Kenya is seeking to buy 441,042 tons of fuels including gasoline, gasoil and jet fuel for March and April delivery to Kipevu Oil Terminal, according to a tender document obtained by Bloomberg.
The mildest winter in four years is prompting Japan to export the biggest volume of kerosene in a quarter century, squeezing profits for Asian refiners while cutting fuel expenses for airlines.
U.S. fuel consumption increased in January to the highest level for the month in six years as cold weather bolstered demand, the American Petroleum Institute said.