Crude oil
S.Korea refiner buys rare Canadian crude cargo for February
SEOUL/SINGAPORE (Reuters) — South Korean refiner GS Caltex Corp has bought a rare cargo of Cold Lake crude, the company’s first purchase in more than two decades of this Canadian oil grade, a company spokesman said on Monday.
Ineos sticks with 2–4 week Forties pipeline repair estimate, assessing damage
LONDON (Reuters) — Repairing Britain's Forties crude oil pipeline in the North Sea is still expected to take two to four weeks, operator Ineos said on Monday, as assessment continues a week after it was closed down.
Iraq plans oil pipeline network to cover all its territory
BAGHDAD (Reuters) — Iraq plans to build a pipeline network to carry oil products across all its territory as an alternative to expensive and hazardous transport by tanker truck, Oil Minister Jabar al-Luaibi said on Saturday.
Alaska oil companies settle dispute over Trans-Alaska Pipeline tariff charges
ANCHORAGE, Alaska (Reuters) — The state of Alaska will receive hundreds of millions of dollars in a settlement with oil companies over the value of North Slope crude oil shipped through the Trans-Alaska Pipeline (TAP), officials announced.
Russian oil exports to China via Skovorodino seen jumping 57% in 1Q
MOSCOW (Reuters) — Russian ESPO Blend oil exports to China via the Skovorodino-Mohe pipeline are expected to jump by 57% to 6.7 MMt in the first quarter of 2018 compared with the previous three months, sources familiar with the loading schedule told Reuters on Friday.
Oil prices edge higher on Forties outage, falling stocks
SINGAPORE/LONDON (Reuters) — Oil prices rose on Friday, supported by the continuing outage of the Forties pipeline in the North Sea and falling inventories due to OPEC-led production cuts, but climbing US output kept a lid on gains.
UK Forties oil cargoes delayed for weeks by pipeline shutdown
LONDON (Reuters) — The loading dates of cargoes of Forties crude, which help set the global Brent benchmark, have been delayed by at least two weeks and further hold-ups are likely, trade sources said, following the closure of the North Sea Forties pipeline for repairs.
S.Korea's Nov Iran crude oil imports fall to 5-month low
SEOUL (Reuters) — South Korea's Iranian crude oil imports in November dropped to the lowest level since June, due to reduced shipments from the Middle Eastern country to Asia affected by its production issues.
Ineos considers shifting refinery work due to Forties outage
LONDON (Reuters) — Ineos may bring forward maintenance work at its Grangemouth refinery in Scotland due to the unplanned outage at its Forties North Sea crude pipeline, which threatens to choke the plant's feedstock, industry sources said on Wednesday.
TransCanada clashes with pipeline opponents at Nebraska hearing
LINCOLN, Nebraska (Reuters) — Opponents of TransCanada Corp's proposed Keystone XL oil pipeline argued on Tuesday that regulators in Nebraska had no authority to approve the line's "alternative" path through the state and that the project should be considered dead.
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