Crude oil
API welcomes senate letter supporting North American energy markets
WASHINGTON — API President and CEO Jack Gerard welcomed a letter sent by eight US Senators to US Trade Representative Lighthizer emphasizing the importance of North American energy markets to American consumers and US energy security in advance of the North American Free Trade Agreement (NAFTA) renegotiation.
SemGroup to acquire Houston Fuel Oil Terminal Company
TULSA, Okla. — SemGroup Corporation announced that it has executed a definitive agreement to acquire Houston Fuel Oil Terminal Company (HFOTCO), one of the largest oil terminals in the US, from investment funds managed by Alinda Capital Partners. This acquisition establishes SemGroup’s position in the premier energy market, the Houston Ship Channel.
Oil comeback for cut-exempt producers threatens to swamp OPEC
LONDON (Reuters) — OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exempt from a global production-cutting deal, is swamping the Atlantic Basin.
Syncrude Canada makes further cuts to June output forecast
CALGARY, Alberta/NEW YORK (Reuters) — Canadian synthetic crude differentials strengthened on Thursday, as market sources said June production forecasts at the Syncrude oil sands project in northern Alberta were trimmed yet again.
Oil shrugs off geopolitical tensions but some see red flags
LONDON (Reuters) — The oil price has ignored rising geopolitical tensions in the Middle East, as a three-year old crude surplus has wiped out any real fear over supply, but one of the world's largest security consultants says there are red flags the market cannot ignore.
China's $10 B strategic project in Myanmar sparks local ire
KYAUK PYU, Myanmar (Reuters) — Days before the first supertanker carrying 140 Mt of Chinese-bound crude oil arrived in Myanmar's Kyauk Pyu port, local officials confiscated Nyein Aye's fishing nets.
Oil pipeline protester convicted of burglary in Washington state
(Reuters) — A climate-change activist who disrupted the flow of millions of barrels of crude oil into the United States as part of a coordinated protest of global warming was found guilty of burglary in Washington state on Wednesday. But a Skagit County Superior Court jury deadlocked on a second charge of sabotage against Kenneth Ward, a co-founder of the Climate Disobedience Center.
Sinopec says did not receive order to relocate Yanshan oil refinery
BEIJING (Reuters) — China's Sinopec has not received a government order to relocate the Yanshan oil refinery, contradicting an earlier news report that the plant would be moved to develop the Xiongan New Area, the company said on Thursday.
UAE re-imposes port ban on Qatari-linked oil tankers
SINGAPORE (Reuters) — Abu Dhabi Petroleum Ports Authority has re-imposed a ban on oil tankers linked to Qatar calling at ports in the United Arab Emirates, reversing an earlier decision to ease restrictions, and potentially creating a logjam of crude cargoes.
EIA: US remains the world’s top producer of petroleum, natgas hydrocarbons
The US remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels.
- Mideast conflict turbocharges diesel prices, squeezing Europe 6/23
- Pertamina is looking to import > 200,000/month of 90-octane gasoline 6/23
- Japan will mitigate potential gasoline price spike, prime minister says 6/23
- Linde to invest $400 MM to build the world-scale air separation unit 6/23
- Tankers U-turn, zig-zag, pause around Strait of Hormuz 6/23
- Peróxidos do Brasil reinforces leadership in South America with new strategic investment in Chile 6/23
