Crude oil
Rosneft says it has enough oil as Glencore raises stakes in Russia
MOSCOW (Reuters) -- Rosneft said on Friday it has enough oil to fulfill new contracts with Swiss trader Glencore as markets gear up for a fierce battle between some of the world's largest merchants for supplies from the Russian company.
Oil extends gains on hopes for non-OPEC output cuts
TOKYO (Reuters) -- Oil prices extended gains for a second session running on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement to limit production.
Urals and CPC Blend differentials softened, Azeri Light exports surge in January
MOSCOW (Reuters) -- Urals and CPC Blend crude differentials to dated Brent weakened on Thursday, as sellers were eager to get rid of December barrels, while Azeri Light loading plan for January showed healthy build in exports next month.
EIA: US crude draws down, products build as refiners ramp up
(Reuters) -- US crude stockpiles fell last week despite a hefty build at the Cushing, Oklahoma hub while gasoline and distillate inventories rose as refining rates picked up, the US Energy Information Administration said on Wednesday.
PKN ORLEN increases crude oil supplies to Czech refinery
PKN ORLEN signed an annex with Tatneft Europe AG to the agreement for crude oil supplies to Czech refinery in Litvinov that provides the extension of contractual period and increases the possible maximum volume of the crude oil delivered.
Calumet completes facility expansion, partners with BP
INDIANAPOLIS – Calumet Specialty Products Partners, L.P. today announced that it has partnered with BP Lubricants USA to begin blending Castrol Motor Oil in its newly expanded blending and packaging facility in Shreveport, LA. The company will officially announce the partnership at a ceremony on Dec. 5 at the facility.
Business Trends: Global refining overview—Part 4
Throughout its overview series of the global refining industry, <i>Hydrocarbon Processing</i> has provided a look at the state of the refining industry, new project developments, demand outlooks for the refining sector and the move to low-sulfur fuels. The previous sections have taken a detailed look at the refining sectors of Asia-Pacific, North America and South America. This fourth and final installment analyzes major trends in Africa, Europe and the Middle East, and offers data on planned refinery capacity additions, upgrades and grassroots facilities.
Industry Metrics
Stronger demand and falling inventories allowed US gasoil cracking spreads to recover, while gasoline was supported by outages.
ExxonMobil forms JV with Sunoco Logistics to expand crude supply to its refineries
Sunoco Logistics Partners has formed a strategic JV with ExxonMobil, Permian Express Partners LLC., to combine certain of their key crude oil logistics assets.
OPEC output curbs could be undone by China slowing crude storage
The sharp drop in China's crude oil imports in October can be ascribed to a combination of factors, but one of them should be a red flag to OPEC, threatening the success of any deal to curb production.
- 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
- EU imposes measures to curb ethanol imports from Pakistan 6/24
- China doubles 2025 naphtha import quotas 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
