Crude oil
Oil down on record US crude stocks, flat Russian output
LONDON (Reuters) -- Oil prices fell on Thursday after US crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.
Saudi Arabia may raise light crude price to Asia for third straight month in April
(Reuters) -- Top oil exporter Saudi Arabia could raise the price of Arab Light crude it sells to Asia in April for a third straight month after Middle East benchmark Dubai crude strengthened on OPEC cuts, four of seven respondents said in a Reuters survey of refiners and traders on Wednesday.
Nigerian lawmakers to investigate $17-B subsidies received by state oil firm
ABUJA (Reuters) -- Nigeria's upper house of parliament will investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme to $17 billion between 2006 and 2015, lawmakers said on Wednesday.
Sinopec to start operating Zhanjiang commercial oil tanks; SPR site delayed
BEIJING (Reuters) -- Sinopec Corp is expected to start operating by June a new commercial crude oil tank farm in the southern Chinese city of Zhanjiang, where a large strategic reserve site is also under construction, three industry sources said this week.
Driving innovation in the downstream: IRPC returns to New Delhi
Gulf Publishing Company and Hydrocarbon Processing are pleased to announce that IRPC 2017 will be held April 18–20 in New Delhi.
Editorial Comment: Corrosion prevention starts at fabrication
Preventing corrosion begins with the choice of materials and methods used to fabricate the equipment, piping, valves and instruments that will be exposed to varying process conditions and weather. At present, designers and fabricators can select from a multitude of modern materials and methods. Once in service, effective asset integrity programs will use smart condition monitoring and, where needed, a treatment regime to sustain the useful working life of all components. In the Special Focus section of this issue, we provide several articles that illustrate good practices in vessel fabrication, corrosivity analysis and corrosion prevention treatment.
China to issue non-state crude oil import licenses to 5 refiners
BEIJING (Reuters) -- China will issue non-state crude oil import licenses to five refiners, including China National Chemical Corp and four independent refiners, the country's commerce ministry said on Tuesday.
New method to measure TAN of crude oil and refinery distillation fractions
Many refiners look at discounted opportunity crudes as a way to improve their margin spread. The growing varieties of discounted opportunity crudes on the market contain certain risks for the purchaser, such as high naphthenic acid or sulfur content.
EIA: Canada is the largest US partner for energy trade
Canada is the largest energy trading partner of the United States. Based on the latest annual data from the US Census Bureau, energy accounted for about 5% of the value of all US exports to Canada and more than 19% of the value of all US imports from Canada in 2016.
Oiltanking MOGS Saldanha to begin construction of crude oil, blending terminal in South Africa
CAPE TOWN, South Africa -- Oiltanking MOGS Saldanha Ltd, a JV between Oiltanking GmbH and MOGS Ltd, announced the construction of an independent crude oil and blending storage terminal in Saldanha Bay.
- Wood to design upgrades at Ecopetrol refinery for cleaner fuels production 6/24
- Saudi Arabia's CMDC (BCI group) awards thyssenkrupp nucera key contract for chlor-alkali plant expansion in Jubail 6/24
- BEL Valves supplies six-figure order for Europe’s largest processing plant 6/24
- INEOS responds to UK Government's industrial strategy 6/24
- RYAM, Verso Energy sign MoU to advance e-SAF and CO₂ utilization project in Georgia (U.S.) 6/24
- Chemistry researchers publish paper in outlining more efficient photoredox catalysis system 6/24
