Crude oil
IEA: US to account for most world oil output growth over 10 yr
BONN, Germany (Reuters) — The United States is expected to account for more than 80% of global oil production growth in the next 10 yr and it will produce 30% more gas than Russia by that time, he International Energy Agency (IEA) said on Thursday.
Turkish, Iraqi officials discuss resuming Kirkuk oil exports
BAGHDAD (Reuters) — A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports via the Turkish port of Ceyhan, Iraq's oil ministry said in a statement on Thursday.
Rosneft board approves oil deal with China's CEFC
BEIJING (Reuters) — Russia's Rosneft has approved a 2018 deal to supply CEFC China Energy about 12 MMt of crude oil as part of the Chinese firm's $9.1 B investment in the Russian oil major, a Chinese source with direct knowledge of the matter said on Thursday.
EIA: US Crude oil, gasoline stocks up unexpectedly in latest week
(Reuters) — US crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday.
Venezuela's PDVSA to tap oil customers to pay $449 MM to ONGC
NEW DELHI (Reuters) — Venezuela's national oil company PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 MM owed to India's ONGC Videsh Ltd, the Indian company said in a statement on Wednesday.
Kinder Morgan Canada appeals again over Trans Mountain pipeline
CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd has again appealed to the country's energy regulator, asking it to set up a process to resolve potential disagreements over local permits for its planned Trans Mountain oil pipeline expansion project.
S.Korea's Oct crude oil imports from Iran down 9.5% on-month
SEOUL (Reuters) — South Korea's imports of Iranian crude oil fell 9.5% in October from the previous month as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.
EIA: Russia exports most of its crude oil production, mainly to Europe
Russia exported more than 5.2 MMbpd of crude oil and condensate and more than 2.4 MMbpd of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016.
China's crude oil processing runs in October rise to 2nd highest on record
BEIJING (Reuters) — China’s refiners raised crude oil processing runs to near record monthly levels in October as refining margins jumped after the country’s state planner hiked prices for gasoline and diesel at the pump.
IEA: Warmer weather may tilt oil market into surplus as demand slows
LONDON (Reuters) — Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus in the first half of next year, the International Energy Agency 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
