Crude oil
Despite alliance, Russian shipper holds Venezuela oil hostage over debts
ST. EUSTATIUS/HOUSTON (Reuters) -- Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 MM—money the crisis-stricken nation desperately needs.
Nebraska farmers could derail Keystone XL pipeline
NELIGH, Nebraska (Reuters) -- When President Donald Trump handed TransCanada Pipeline Co. a permit for its Keystone XL pipeline last month, he said the company could now build the long-delayed and divisive project "with efficiency and with speed."
Saudi Arabia, Kuwait signal likely extension of oil supply cuts
ABU DHABI (Reuters) -- Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies.
China demand drives Singapore oil storage sales to nearly a year-high
SINGAPORE (Reuters) -- Crude oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April.
E. Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts
NEW YORK (Reuters) -- Philadelphia Energy Solutions Inc, the largest refiner on the US East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June, a source familiar with delivery schedules said on Tuesday—a sign that the impending start of the Dakota Access Pipeline is upending trade flows.
Amec Foster Wheeler awarded oil shale fired CFB boilers contract in Jordan
LONDON – Amec Foster Wheeler announces today that it has been awarded a new contract by China Energy Engineering Group Guangdong Power Engineering Co., Ltd., for the design and supply of two circulating fluidized-bed (CFB) steam generator boilers, as well as technical advisory services.
Falling crude boosts Asia refining margins, spreads steady
DUBAI (Reuters) -- Asia's refining margin for 180-cst fuel oil against Dubai crude rose to a 5-week high on Tuesday, after crude oil prices slipped on expectations of rising US shale oil output in May.
China plans Shanghai crude oil futures launch in H2 2017
SINGAPORE/BEIJING (Reuters) -- China is looking at launching its crude oil futures in Shanghai in the second half of this year, two sources familiar with the matter said, breathing new life into a derivative that was considered shelved only months ago.
BP accuses Monroe Energy of wrongfully terminating contract
NEW YORK (Reuters) -- BP Plc has accused Monroe Energy of wrongfully terminating a crude supply contract in 2016, costing the oil major at least $59 MM in damages, according to a federal court filing.
Banned at sea: Venezuela's crude-stained oil tankers
HOUSTON/PUNTO FIJO, Venezuela (Reuters) -- In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters.
- 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
