Crude oil
Iraq to divert most Kirkuk oilfield output to Iraqi refineries, says official
BAGHDAD (Reuters) — Iraq is preparing to divert most future output from Kirkuk oilfield to local refineries as a conflict with Kurdish regional authorities over the use of an export pipeline to Turkey continues, an Iraqi official said on Monday.
TransCanada to restart Keystone pipeline on Tuesday
CALGARY, Alberta (Reuters) — The Keystone crude oil pipeline will restart at reduced pressure on Tuesday, TransCanada Corp said, nearly two weeks after closing the line after it leaked 5,000 bbl of crude in rural South Dakota.
IEA chief sees oil markets tightening towards second half of 2018
OSLO (Reuters) — The global oil market could tighten towards the second half of 2018 if demand remains robust and key producers continue their current policies, International Energy Agency chief Fatih Birol said on Tuesday.
First Nations groups purchase 49% interest in Suncor's tank farm development
CALGARY, ALBERTA — Suncor, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) announced the completion of the acquisition by FMFN and MCFN of a 49% partnership in Suncor's East Tank Farm Development for total proceeds of $503 MM.
US regulator denies Magellan's proposal to establish an oil marketing arm
NEW YORK (Reuters) — A US regulator on Wednesday denied a proposal by Magellan Midstream Partners LP to establish a marketing affiliate to buy, sell and ship crude oil, creating uncertainty for pipeline competitors with similar arrangements.
Russian minister says OPEC oil deal hurting domestic economy
MOSCOW (Reuters) — Russia's economic growth in October was negatively affected by a global deal between members of OPEC and Russia to curb crude oil production, Russia's economy minister said on Thursday.
US crude inventories fall; big draw at Cushing hub
(Reuters) — US crude oil stockpiles fell last week, with most of the decline coming out of the Cushing, Oklahoma storage hub, while gasoline and distillate inventories rose slightly, the Energy Information Administration said on Wednesday.
Work on Peru oil pipeline to cost more than $800 MM
LIMA (Reuters) — Extending and repairing Peru’s oil pipeline would cost more than $800 MM, the president of the country’s state-run energy company Petroperu said in an interview on Tuesday.
Iran pushes to retain Asia oil buyers as possible US sanctions loom
SINGAPORE (Reuters) — Iran is pushing to retain customers for its oil in Asia, hoping that price reductions will boost the appeal of its crude compared with other Middle Eastern supply even as the potential threat of further US sanctions on the country looms.
US crude extends rally to $58, first time since 2015
LONDON (Reuters) — Oil extended gains on Wednesday, with US crude hitting $58/bbl for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further.
- 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
