Crude oil
Oil edges further above $62, helped by expected fall in US stocks
LONDON (Reuters) — Oil edged further above $62/bbl on Tuesday, supported by strong demand, expectations of a drop in US crude inventories and an OPEC-led deal to extend oil output cuts.
Oil eases 1% on profit-taking as US output eyed
NEW YORK (Reuters) — Oil fell more than 1% on Monday on profit-taking as the market eyed signs of rising US production, though prices remained close to recent 2-yr highs thanks to last week's decision by OPEC and other producers to extend output cuts.
US judge orders oil-spill response plan for Dakota Access Pipeline
WASHINGTON (Reuters) — A federal judge ordered Energy Transfer Partners LP to coordinate with local tribes and the Army Corps of Engineers to create an oil-spill response plan for the controversial Dakota Access Pipeline by next April, a decision he said will allow oil to keep flowing and prevent spills.
Shell Midstream Partners to acquire additional assets from Shell
HOUSTON — Shell Midstream Partners, L.P. entered into a purchase and sale agreement to acquire from wholly owned subsidiaries of Shell a 100% interest in five products terminals and partial interest in two Gulf of Mexico corridor pipelines and in two strategic onshore pipelines for $825 MM.
US regulator raises concerns about weights on energy pipelines
CALGARY, Alberta/WASHINGTON (Reuters) — A US regulator's preliminary investigation into the biggest oil pipeline spill this year has raised a red flag that could trigger an extensive and costly inspection of tens of thousands of miles of underground energy lines.
Magellan, Plains to further expand BridgeTex Pipeline
TULSA, Okla. and HOUSTON — Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P. announced that BridgeTex Pipeline Company, LLC, owned 50/50 by Magellan and Plains, plans to further expand the capacity of the BridgeTex pipeline and has launched a supplemental open season to assess customer interest for the expanded capacity.
India MRPL makes its first US oil purchase
NEW DELHI (Reuters) — India’s state-run Mangalore Refinery and Petrochemicals Ltd has made its first purchase of US crude oil, buying high-sulfur grade Southern Green Canyon through a buy tender for an early February delivery, the head of its refinery said.
China crude oil imports to rebound in January on quotas, low stocks
SINGAPORE/BEIJING (Reuters) — China's crude oil imports are expected to rebound in January as demand from independent refiners will accelerate once 2018 import quotas are in place, and processors start to replenish inventories, analysts and trade sources said.
Iraq's November oil exports from south up at 3.5 MMbpd
BASRA, Iraq (Reuters) — Oil exports from Iraq's southern ports rose to an average of 3.5 MMbpd in November from 3.35 MMbpd in October, Basra Oil Company Director General Ihsan Abdul Jabbar told Reuters on Friday.
OPEC agrees oil cut extension to end of 2018
VIENNA (Reuters) — OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signaling a possible early exit from the deal if the market overheats.
- Southern Energy Renewables and Axens Sign MoU to advance SAF projects in Louisiana and beyond 4/8
- One of the largest heat pumps in the world has reached BASF's Ludwigshafen site 4/8
- TotalEnergies extends its fuel price cap policy in France until the end of April 4/7
- Navigating the montan wax challenge with renewable alternatives for polymers 4/7
- AFR selects Axens as technology provider for Texas (U.S.) refinery 4/7
- Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says 4/7
