Crude oil
Magellan evaluates new Texas oil pipeline
NEW YORK (Reuters) -- Magellan Midstream Partners LP is evaluating a new pipeline to transport crude and condensate from the Permian Basin to Corpus Christi in Texas, its top executive said during a company earnings call on Wednesday.
Tallgrass Energy identifies 42 projects to fuel growth
HOUSTON (Reuters) -- Tallgrass Energy Partners on Wednesday said it had identified 42 potential acquisitions or new projects totaling more than $6.1 B in investment that could fuel the midstream operator's growth.
Oil rebounds from near 2017 lows on falling US crude stocks
LONDON (Reuters) -- Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in US crude stocks, reviving bullish sentiment about easing oversupply.
UK oil lobby warns May post-Brexit tariffs could double trade costs
LONDON (Reuters) -- The cost of Britain's oil and gas trade with the rest of the world could nearly double if the country fails to agree new tariffs when it leaves the European Union, the country's oil lobby group has warned Prime Minister Theresa May.
Russia's Evraz to supply pipes for Kinder Morgan's pipeline expansion
(Reuters) -- Evraz Plc, Russia's No. 2 steelmaker, signed an agreement with Kinder Morgan Inc to supply about 250,000 metric t of pipe to the US pipeline company for the expansion of the Trans Mountain pipeline.
CNPC loads first crude oil into Myanmar-China pipeline
BEIJING (Reuters) -- China's state-owned refiner China National Petroleum Corp (CNPC) said it has loaded the first crude oil through its Myanmar-to-China pipeline, the latest step towards supplying crude to its new refinery in Yunnan province.
Iraq's fuel oil exports soar despite OPEC supply cut
DUBAI (Reuters) -- Iraqi fuel oil exports have soared since January despite a reduction in the country's crude production in line with OPEC supply cuts, industry sources said, in what could be a way to boost output of refined products and maintain oil revenues.
Venezuela resumes light oil shipments to Cuba
HOUSTON (Reuters) -- Venezuela resumed exports of light crude to its political ally Cuba in March after an eight-month pause that led to a production halt at the island's jointly-owned Cienfuegos refinery, according to internal data from state-run PDVSA seen by Reuters.
South African probe finds oil reserves sold, not rotated
CAPE TOWN (Reuters) -- An investigation has found that 10 MMbbl of South African crude oil reserves sold at the end of 2015 was a straight sale and not part of stock rotation, as previously stated, Energy Minister Mmamoloko Kubayi said on Tuesday.
India cuts oil import plans from Iran by a quarter over gas field row
NEW DELHI (Reuters) -- India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi and Tehran on development of a natural gas field.
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