Crude oil
US judge orders more environmental analysis of Dakota pipeline
WASHINGTON (Reuters) — A federal judge ordered the US Army Corps of Engineers to reconsider its environmental review of the Dakota Access Pipeline on Wednesday, opening up the possibility that the line could be shut at a later date.
S.Korea's May Iranian crude oil imports fall to 8-mth low
SEOUL (Reuters) — South Korea's Iranian crude oil imports dropped in May to their lowest in eight months as refiners bought less of the Middle Eastern nation's condensate, while Tehran struggled to maintain shipment volumes after exhausting stocks stored on tankers.
India's oil imports from Iran plunge over gas field row
NEW DELHI (Reuters) — India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies.
Malaysia's Petronas set to auction Kimanis crude on Dubai exchange
SINGAPORE (Reuters) — Malaysia's Petronas is set to auction one of its crude grades on the Dubai Mercantile Exchange, according to sources familiar with the matter, making the state-owned company the first to sell a non-Middle East oil on the trading platform.
China's May oil output lowest on record; refiners churn out more
BEIJING (Reuters) — China's crude oil production fell to its lowest on record in May, even as refineries in the world's top buyer of crude churned out product at their fastest pace in nearly two years, data showed on Wednesday.
IEA: Oil supply growth to outpace rise in consumption in 2018
LONDON (Reuters) — Growth in oil supply next year is expected to outpace an anticipated pick-up in demand that will push global consumption above 100 MMbpd for the first time, the International Energy Agency said on Wednesday.
BP Statistical Review shows long-term shifts underway
The 2017 edition of the BP Statistical Review of World Energy shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges.
Traders keep oil in Asian storage for later sale, undermine OPEC supply cuts
SINGAPORE (Reuters) — A 10% decline in oil prices since late May could push traders to keep crude in storage, looking to sell down the line when forward prices are higher.
Irving Oil completes $20-MM expansion of St. John's Marine Terminal
ST. JOHN'S, NL — Irving Oil announces the grand opening of its St. John's Marine Terminal Expansion—a $20-MM investment that will improve harbor logistics and help position St. John's Harbor for future growth. The expansion adds a new fueling berth on Pier 23, adjacent to the company's existing facilities on Pier 24, doubling the number of vessels that can access marine gas oil (MGO) via pipeline at its Marine Terminal.
EIA: Reporting oil companies’ proved reserves in 2016 decline for second consecutive year
Annual reports of 68 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the second consecutive year.
- Uniper and AM Green sign long-term offtake agreement for up to 500,000 tpy of renewable ammonia from India 1/12
- Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 B 1/12
- Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets 1/12
- Brazil's diesel imports hit record in 2025 amid local production decline 1/12
- Vitol to load first diluent cargo under Venezuela supply deal last weekend 1/12
- Maersk explores more ethanol use for green fuel to cut reliance on China 1/12
