Crude oil
OPEC supply-cut compliance runs up against ire over country targets
DUBAI/LONDON (Reuters) — OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017, but with laggards Iraq and the UAE yet to show how they can meet their prescribed targets, sources say a refocusing on exports may be the key to further progress.
Nigeria to legalize mini refineries, supply them with crude
ABUJA (Reuters) — Nigeria will legalize currently outlawed mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the presidency said on Thursday, fulfilling demands from community leaders.
Quanta selected by Enbridge Pipelines for line 3 replacement program in Canada
HOUSTON — Quanta Services, Inc. announced that it was selected by Enbridge Pipelines Inc. for two spreads of the Canadian section of the Line 3 Replacement Program.
India's BPCL buys first cargo of US WTI Midland oil
NEW DELHI (Reuters) — State-run Bharat Petroleum Corp has bought 1 MMbbl of low-sulfur WTI Midland grade, the first purchase of the US grade by an Indian company, through a tender, an industry source with knowledge of the deal said.
Iran's oil exports to China to rise to 11-month high in August
TOKYO/SINGAPORE (Reuters) — Iran's oil exports to China may rise to the highest in 11 months in August as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said on Thursday.
West African oil booms as refineries cash in on high margins
LONDON (Reuters) — Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage in certain types of crude amid OPEC production cuts and Venezuelan troubles.
Azerbaijan's oil shipments via Russia jump to 818,664 t in Jan–July
BAKU (Reuters) — Azerbaijan's oil shipments via Russia jumped to 818,664 t in January–July this year from 559,065 t in the same period last year, state oil company SOCAR said on Tuesday.
Iraq's July oil exports dip on lack of shipments from Kirkuk
BAGHDAD (Reuters) — Iraq's oil exports fell to 3.230 MMbpd in July from 3.273 MMbpd in June as no shipments were made from the northern Kirkuk field, the oil ministry said on Tuesday.
Oil near two-month high as producers set to meet again
LONDON (Reuters) — Oil prices rose on Monday, putting July on track to become the strongest month so far this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of US sanctions against Venezuela.
US oil sale ban to Venezuela's PDVSA would hit refining, blending
HOUSTON (Reuters) — Potential US sanctions on sales of light crude to Venezuela's oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state-run firm and Thomson Reuters data.
- 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
