Crude oil
Valero Energy Partners LP acquires Meraux and Three Rivers Terminal Services for $325 M
Valero Energy Partners’ board of directors of its general partner has approved the acquisition of the Meraux and Three Rivers Terminal Services Business from a subsidiary of Valero Energy Corp. for total consideration of approximately $325 M.
Column: China's fuel exports less worrisome than crude costs for refiners
China's booming fuel exports have contributed to a structural lowering of margins for the region's refiners, but fluctuations are still mostly linked to crude prices.
US crude stocks fall unexpectedly in week: EIA
US crude stocks fell unexpectedly last week, while gasoline stocks decreased more than expected and distillate inventories rose, according to data from the Energy Information Administration.
Petrofac, Tecnicas Reunidas likely to win Saudi Aramco deals
British oilfield services company Petrofac and Spain's Tecnicas Reunidas are likely to win contracts to build projects for state oil giant Saudi Aramco's Uthmaniyah and Ras Tanura plants.
EIA: US crude oil exports are increasing and reaching more destinations
The number of countries receiving exported US crude oil has risen since the removal of restrictions on exporting US crude oil in December 2015.
PDVSA sees future in consolidation with China
People’s Minister of Petroleum and President of Petroleos de Venezuela SA, Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee growth.
Big Dakota pipeline to give Gulf Coast refiners another option for crude supply
The Dakota Access pipeline will open in Q4, giving refiners along the Gulf Coast another option when looking for crude.
Oman says new refinery capacity to cut crude oil exports
Oman's crude oil exports will drop by about 50 Mbpd when new refining capacity comes onstream in the northern city of Sohar by early 2017.
Welspun receives $47 M order for Diamond Pipeline
Diamond Pipeline LLC, a joint venture between Plains All American Pipeline and Valero, has submitted an order for more than $47 M in coated 20-inch pipe to Welspun in Little Rock, Arkansas.
As US crude wobbles near $40, new oil rally in doubt
Oversupply, refining cutbacks and a breakdown in the oil/dollar trade may spell an end to this year's rally.
- Borouge to develop AI-powered autonomous UAE operations to accelerate growth and value creation 6/25
- Taiwanese container ship operator to install WinGD's methanol engines across more than 30 vessels 6/25
- 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
