Americas
US issues permit to expand Enbridge cross-border oil pipeline
CALGARY, Alberta (Reuters) — The United States issued a long-awaited permit covering a 3-mi segment of Enbridge Inc’s Line 67 crude oil pipeline on Monday, allowing the company to nearly double capacity on the cross-border conduit.
Risk premium returns to oil over Iraq fighting, rising US-Iran tensions
SINGAPORE (Reuters) — A risk premium has returned to oil markets with a vengeance, boosting global price benchmarks as escalating fighting in Iraq threatens supplies while political tensions loom between the United States and Iran.
Newest outpost for US crude exports: India
NEW YORK/NEW DELHI (Reuters) — India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of US grades to diversify their imports.
EPA approves Flint Hills Resources plant for cellulosic ethanol production
VISALIA, Calif. — Edeniq, Inc., a cellulosic and biorefining technology company, announced that the US Environmental Protection Agency (EPA) has approved Flint Hills Resources’ registration of its 100 MMgal/yr Iowa Falls, Iowa ethanol plant for cellulosic ethanol production using Edeniq’s technology.
SK Energy to import 6.5 MMbbl of US crude for Nov–Jan arrival
SEOUL (Reuters) — South Korea’s SK Energy has bought 6.5 MMbbl of US crude to be delivered between November and January, a company spokeswoman said on Monday, as the country’s top oil refiner steps up imports of the competitively priced oil.
Asia oil buyers turn to US in hunt for cheap supply
SINGAPORE/NEW YORK (Reuters) — Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit US demand for the commodity at a time of rising production in the country.
Mercuria: Record US oil exports set to surge further
LONDON (Reuters) — Already record US oil exports are set to surge further in the coming month as stored oil in one of the world's last areas of excess stockpiles pours into global markets, the chief executive of trading house Mercuria, Marco Dunand, said.
US oil pipeline rivals look to consolidate West Texas projects
HOUSTON (Reuters) — As shale oil producers have rushed back into the Permian Basin after a downturn, US pipeline firms have scrambled to plot new pipelines to take all that petroleum from West Texas to refineries, export hubs and petrochemical plants.
EIA: Energy-related CO2 emissions expected to fall in 2017, rise in 2018
Energy-related carbon dioxide (CO2) emissions fell in both 2015 and 2016, and they are expected to fall again in 2017, based on forecasts in EIA’s Short-Term Energy Outlook.
Most US oil executives see prices below $60/bbl through 2018
HOUSTON (Reuters) — Nearly two-thirds of US oil executives see crude oil prices remaining below $60/bbl through 2018 and not hitting $70/bbl until at least the next decade, according to a survey published on Wednesday by consultancy Deloitte Services LP.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
