Crude oil
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.
Asian imports of Iranian oil hit 14-month low
TOKYO (Reuters) — Imports of Iranian crude by major buyers in Asia fell for a second month in a row to a 14-month low in June, weighed down by sluggish purchases by China and Japan.
API: Petroleum demand last month highest for June since 2007
WASHINGTON — Total petroleum deliveries moved up 2.6% from June 2016 and were up by 1.0% from May to average 20.3 MMbpd in June, according to the American Petroleum Institute. These deliveries were the highest deliveries for the year and the highest deliveries for the month of June in 10 yr, since 2007.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
