Americas
India buys first ever US crude oil, to step up purchases
NEW DELHI/SINGAPORE (Reuters) — India, the world's third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in October.
Venezuelan crude sales to the US fell in June to lowest in 14 yr
HOUSTON (Reuters) — Venezuelan crude exports to the United States fell to 491,340 bpd in June, the lowest monthly level since early 2003, because of fewer sales by state-run PDVSA to its unit Citgo Petroleum, according to Thomson Reuters Trade Flows data.
Trafigura to receive Permian Basin crude oil, condensate
HOUSTON — Trafigura Trading LLC, a wholly owned subsidiary of Trafigura Group Pte Ltd, has announced the signing of a long-term commitment with Plains All American Pipeline LP for the receipt of crude oil and condensate from Midland, Texas to Corpus Christi, Texas.
Oil rises after signs of US demand, but supply threat remains
LONDON (Reuters) — Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the previous day's slide, although the prospect of oversupply in 2018 prompted yet more analysts to cut their price forecasts.
US proposes cutting total biofuels requirements in 2018
NEW YORK (Reuters) — The US government on Wednesday proposed to reduce the volume of biofuel required to be used in gasoline and diesel fuel next year as it signaled the first step toward a potential broader overhaul of its biofuels program.
AER issues order to Journey Energy following two crude oil emulsion spills
CALGARY, Alberta — The Alberta Energy Regulator (AER) has issued an order to Journey Energy Inc. (Journey) in response to two releases of an unknown amount of crude oil emulsion near Winfield, Alberta that was originally reported to the AER on June 28.
Delek US Holdings announces closing of the acquisition of Alon USA
BRENTWOOD, Tenn. — Delek US Holdings, Inc. announced the closing of the acquisition of the remaining outstanding shares of Alon USA Energy, Inc. common stock in an all-stock transaction. The close of this transaction became effective on July 1.
Petrobras teams up with CNPC to finish Comperj unit, paper says
RIO DE JANEIRO (Reuters) — Brazil's state-controlled oil company Petróleo Brasileiro SA has teamed up with China National Petroleum Corp to complete construction of a petrochemical compound in Rio de Janeiro that was ensnared in a massive corruption scandal, O Globo newspaper reported on Tuesday.
GE completes buyout of Baker Hughes
HOUSTON (Reuters) — General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world's second-largest oilfield service provider by revenue.
Indian Oil plans to buy N. American sour crude for the first time
SINGAPORE/NEW DELHI (Reuters) — India's top refiner has issued its first tender to buy high-sulfur, or sour, crude from North America as it seeks to diversify imports, three trading sources said on Tuesday.
- 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
