Americas
Lured by discounts, US East Coast refiners snatch up Brazilian crude
NEW YORK/HOUSTON (Reuters) -- US East Coast refiners are on a Brazilian crude buying spree, market sources say, displacing West African cargoes as producers such as Royal Dutch Shell and Norway's Statoil sell rising output from fields off Brazil's coast.
Magellan says less diesel spilled in Iowa than estimated
(Reuters) -- Magellan Midstream Partners on Tuesday said about 1,100 barrels of diesel had spilled from one of its refined products pipelines in Worth County, Iowa last week, lower than its earlier estimates.
Army Corps of Engineers to give easement to Dakota Access Pipeline
(Reuters) -- The Army Corps of Engineers will proceed with the easement needed to complete the Dakota Access Pipeline, US Senator John Hoeven of North Dakota said in a statement on Tuesday.
Marathon Petroleum's profit beats; says to speed up asset transfer
(Reuters) -- Marathon Petroleum Corp reported a higher-than-expected quarterly profit and said it would speed up the transfer of assets to its unit, MPLX LP.
Valero says record biofuels compliance costs to continue in 2017
NEW YORK (Reuters) -- Valero Energy Corp on Tuesday signaled that record high costs to comply with the US renewable fuels program will continue this year, after the oil refiner was hit with a ballooning tab for the program in 2016.
Honeywell to provide largest Oleflex unit in Europe for Borealis AG
DES PLAINES, Ill. -- Honeywell announced that Borealis AG selected Honeywell UOP's process technology for a proposed plant in Kallo, Belgium, that converts propane into propylene, a primary ingredient for making plastics.
Imperial Oil profit boosted by asset-sale gain
(Reuters) -- Imperial Oil Ltd, majority owned by ExxonMobil Corp, reported a sharp rise in fourth-quarter profit, helped by a gain from the sale of its service stations.
Venezuela's Paraguana refineries at 42% of capacity
(Reuters) -- Venezuela's Paraguana refining complex was operating at about 42% of capacity, a union official said late on Monday, citing an internal report that came amid chronic unit stoppages in the country's refining system.
Oil steady as rising US output offsets OPEC-led cuts
LONDON (Reuters) -- Oil prices steadied on Tuesday as rising US drilling activity helped undermine efforts by OPEC and other producers to cut output to try to prop up the market.
Sulfur-rich crudes, usually discounted, shine after OPEC cuts
LONDON (Reuters) -- Efforts to stem the world's surplus of crude oil have thus far only moderately balanced the market -- but have turned typically lower-quality crude into the most sought after barrels.
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