Crude oil
Oil steady as Irma heads for Florida, Saudi Arabia cuts supply
LONDON (Reuters) — Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean.
China's August crude oil imports hit 8-month low; independent refiners shut
BEIJING (Reuters) — China's crude oil imports rose 3.4% in August from the same month a year earlier but slid to their lowest monthly level since January, data showed on Friday, as some independent refiners closed for longer-than-expected maintenance amid a wave of government environmental inspections.
Kazakhstan may strike separate deal with OPEC on oil output curbs
ASTANA (Reuters) — Kazakhstan is aiming for a standalone deal with leading global oil producers on restraining its crude production due to a need to crank up output at its Kashagan field, a Kazakh official said on Thursday.
Buckeye Partners shuts Puerto Rico oil terminal ahead of Hurricane Irma
HOUSTON (Reuters) — Buckeye Partners has shut its Yabucoa oil terminal in Puerto Rico ahead of Hurricane Irma and is preparing for the storm at two other marine terminals in Florida and the Bahamas, the company said on Wednesday.
Hurricane Irma worsens Latin America's fuel supply crunch
HOUSTON (Reuters) — Monster Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin America which is struggling to meet demand since Hurricane Harvey disrupted shipments from the US Gulf Coast last month.
OPEC Aug crude oil exports fall; Jan–Aug still above yr-ago
SINGAPORE (Reuters) — Crude oil exports by the Organization of the Petroleum Exporting Countries (OPEC) in August were 25.19 MMbpd, their lowest level since April, according to Thomson Reuters Oil Research.
UN mulls US push for N.Korea oil embargo, textile export ban
UNITED NATIONS (Reuters) — The United States wants the United Nations Security Council to impose an oil embargo on North Korea, ban the country's exports of textiles and the hiring of North Korean laborers abroad, and subject leader Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday.
Secure Energy developing feeder pipeline system, terminal
CALGARY — Secure Energy Services Inc. announced further growth of its midstream infrastructure through the construction of a light oil feeder pipeline system and receipt terminal in the Kindersley-Kerrobert region of Saskatchewan.
Essar Oil UK to spend $250 MM upgrading Stanlow refinery
NEW DELHI/MUMBAI (Reuters) — Essar Oil UK expects a $250-MM upgrade of its Stanlow refinery in northwest England to improve its basic profit margin by $1/bbl as it will be able to process a greater variety of cheaper crude oils and raise output, its chief executive said on Wednesday.
Oil up after Harvey fallout, but Hurricane Irma heads to Caribbean
LONDON (Reuters) — Oil prices rose on Wednesday as strong global refining margins and the reopening of US Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey.
- 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
- LANXESS introduces surcharge for Lewatit ion exchange resins 4/8
- HyOrc secures industrial site and accelerated permitting path for Portugal green methanol project 4/8
- India raises HPCL Rajasthan Refinery project cost to $8.6 B 4/8
- Iranian Oil Refining Co. confirms attack on Lavan refinery 4/8
