Crude oil
Iraq's fuel oil exports soar despite OPEC supply cut
DUBAI (Reuters) -- Iraqi fuel oil exports have soared since January despite a reduction in the country's crude production in line with OPEC supply cuts, industry sources said, in what could be a way to boost output of refined products and maintain oil revenues.
Venezuela resumes light oil shipments to Cuba
HOUSTON (Reuters) -- Venezuela resumed exports of light crude to its political ally Cuba in March after an eight-month pause that led to a production halt at the island's jointly-owned Cienfuegos refinery, according to internal data from state-run PDVSA seen by Reuters.
South African probe finds oil reserves sold, not rotated
CAPE TOWN (Reuters) -- An investigation has found that 10 MMbbl of South African crude oil reserves sold at the end of 2015 was a straight sale and not part of stock rotation, as previously stated, Energy Minister Mmamoloko Kubayi said on Tuesday.
India cuts oil import plans from Iran by a quarter over gas field row
NEW DELHI (Reuters) -- India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi and Tehran on development of a natural gas field.
Global: The future growth of Argentina’s oil and gas industry hinges on additional investments
Attracting new investments is vital to revive the Argentine oil industry. It is essential to involve multinationals, due to the lack of financial resources of the Argentinian government. The modernization of the country’s downstream infrastructure is crucial to improve productivity, and the nation will need international support to obtain profitable results.
Industry Metrics
A lack of gasoline export opportunities amid increasing inflows of middle distillates impacted the European market. Stronger US domestic gasoline demand and falling inventories ahead of the transition to summer-grade quality supported refinery margins. The Asia market was impacted by a stronger domestic gasoline demand amid an upcoming switch to summer grades.
Continuous corrosion monitoring of crude overhead systems
The growing availability of light tight oils (LTOs) is resulting in a choice for refiners between upgrading metallurgy or chemical inhibition and corrosion monitoring to manage the increased corrosion risk. With tight budgetary constraints in place, many oil companies are opting for chemical inhibition and online corrosion monitoring.
Saudi Aramco to boost oil loading capacity with reopened terminal
DHAHRAN, Saudi Arabia (Reuters) -- State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export capacity to as much as 15 MMbpd, Saudi officials said.
Iran gets positive output cut signals from OPEC, NON-OPEC states
TEHRAN (Reuters) -- Iran's Oil Minister said on Saturday OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.
OPEC output cuts whet Asia's appetite for North Sea oil
LONDON/SINGAPORE (Reuters) -- OPEC production cuts have created record Asian demand for European oil and made China the second biggest consumer of North Sea crude as flows from its usual Middle East suppliers dip.
- 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
- OEG signs major partnership agreement in Qatar 6/23
- U.S. Supreme Court lets fuel producers challenge California emissions standards 6/23
