Crude oil
China's CEFC courts ‘teapots’ for first domestic refinery acquisition
BEIJING (Reuters) -- Privately-run conglomerate CEFC China Energy has approached several independent Chinese oil processors seeking to acquire its first domestic refinery operation, its next move towards becoming a global integrated oil player.
Iraq exports 3.320 MMbpd oil in Jan, 3.269 MMbpd in Feb, ministry says
BAGHDAD (Reuters) -- Iraq's daily oil exports stood at 3.269 MMbpd in February and 3.320 MMbpd in January, the oil ministry said in an emailed statement on Thursday.
US crude oil slumps below $50 after stocks build
LONDON (Reuters) -- Oil prices fell on Thursday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite OPEC-led supply cuts.
China's February crude oil imports hit second highest on record
BEIJING (Reuters) -- China's crude oil imports rose to the second-highest level on record in February, as strong demand from independent "teapot" refiners continues to drive growth.
Saudi Aramco to supply full crude contract volumes to Asia
TOKYO (Reuters) -- Saudi Aramco will supply full contract volumes of crude oil to multiple Asian buyers in April, three industry sources with knowledge of the matter said.
CERAWeek '17: India poised to become an emerging energy powerhouse
HOUSTON—At a late-morning panel on Wednesday at CERAWeek by IHS Markit, government officials and strategists discussed India's evolving role in the global gas market. The panel was moderated by Gauri Jauhar, Director of Consulting and Research (Chair) at IHS Markit.
EIA: US crude stocks jump, gasoline inventories plunge
(Reuters) -- US crude oil inventories surged last week to another record high, while gasoline stocks went the other direction, posting their largest one-week drop in nearly six years, the Energy Information Administration said on Wednesday.
Oil-for-loan debts cost Venezuela's PDVSA hard-won India market share
CARACAS/HOUSTON/NEW DELHI (Reuters) -- Venezuela's state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist leader Hugo Chavez with cries of "Viva!"
US Judge rules against tribes seeking to stop Dakota pipeline
(Reuters) -- A US judge on Tuesday ruled against native tribes seeking to stop the Dakota Access Pipeline from moving forward on the basis that it would prevent them from practicing religious ceremonies, as legal options for opponents of the project narrow.
Burning less oil at home will help Saudi exports and Aramco IPO
DUBAI (Reuters) -- Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more natural gas in power stations, industry sources said.
- Wood to design upgrades at Ecopetrol refinery for cleaner fuels production 6/24
- 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
