Crude oil
Taiwan releases man on bail in suspected North Korean oil transfer
TAIPEI (Reuters) — A court in Taiwan has released on bail a man prosecutors allege to have made false declarations in the case of a Hong Kong-flagged tanker suspected of transferring oil to North Korea in violation of international sanctions.
EIA: Crude oil prices increased in 2017, Brent-WTI spread widened
Crude oil prices ended 2017 at $60/bbl, the highest end-of-year price since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/bbl in 2017, up $7/bbl from the 2016 average, and ended the year $6/bbl higher than at the end of 2016.
Oil hits new two-and-a-half year highs as higher output looms
SINGAPORE/LONDON (Reuters) — Oil prices rose on Wednesday to new two-and-a-half year highs as robust output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran.
Brazil 2017 oil exports up 25% over prior year
RIO DE JANEIRO (Reuters) — Brazilian oil exports rose nearly 25% to 51.96 MMt in 2017 compared with the prior year, Brazilian government data showed on Tuesday.
Iran's oil production, exports not impacted by protests
DUBAI (Reuters) — Iran's crude oil production and exports have not been impacted by the unrest spreading across the country, Iranian oil and shipping sources said on Tuesday, as a crackdown intensified against anti-government demonstrations that began last week.
S.Korea Dec exports climb for 14th month, wrap up record 2017
SEOUL (Reuters) — Soaring global demand for memory chips and petrochemicals helped South Korea's exports surge 8.9% in December, lifting its 2017 shipments to the highest on record in value terms.
Iraq's exports from southern oilfields hit record 3.535 MMbpd in Dec
BAGHDAD (Reuters) — Oil exports from Iraq's southern Basra ports rose to a record high of 3.535 MMbpd in December from 3.5 MMbpd the previous month, two oil officials said on Monday.
Oil trades near strongest levels since mid-2015 on Iranian unrest
SINGAPORE/LONDON (Reuters) — Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.
Industry Metrics
US product markets improved, supported by higher export opportunities amid unexpected refinery outages.
2018 Industry Leaders’ Viewpoints
To kick off the new year, industry leaders and esteemed colleagues shared their viewpoints on 2018 and beyond with Hydrocarbon Processing. These viewpoints offer insight into growing regions of activity, technological advances, and how the downstream industry can innovate in 2018 and into the future.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
