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Crude oil

US refinery margins rise in all five regions

Refining margins rose in all five US regional petroleum districts in the week ended November 4, according to Credit Suisse.

Genoil signs $50-B letter of intent to develop integrated oil project in Russia

Genoil Inc. has signed a $50-B letter of intent to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia.

Brazil's Petrobras to cut diesel, gasoline prices as oil falls

State-controlled Petróleo Brasileiro SA said it plans to cut diesel and gasoline prices at the refinery point, following a decline in oil prices.

China company signs MOU with BP to supply crude to Isla refinery

Commodity trader Guangdong Zhenrong Energy Co. has signed a memorandum of understanding (MOU) with BP for commercial cooperation on an oil refinery in the Caribbean.

Obama says US mulling alternate routes for North Dakota pipeline

President Barack Obama said the US government is examining ways to reroute an oil pipeline in North Dakota as it addresses concerns raised by Native American tribes protesting against its construction.

Saudi crude will continue to be supplied to PKN ORLEN refineries

PKN ORLEN has extended its contract with Saudi Aramco as a supplier of crude oil to its refineries in Poland, the Czech Republic, and Lithuania until December 31, 2017.

China refineries gobble up Angolan oil in rush to year end

China's loadings of West African crude are set to hit their highest in more than two years in November as the nation's refineries race to stock up and offset falling domestic oil production.

Phillips 66 expects Dakota Access permit to be granted

US refiner Phillips 66 expects a permit will be granted to build an oil pipeline under the Missouri River near Native American land in North Dakota.

Canada's Cenovus says would consider refinery acquisitions

Canadian oil and gas producer Cenovus Energy Inc said it would consider refinery acquisitions, provided the opportunity offered good value and was easily accessible for Canadian crude.

Panama Canal readies for surge in tonnage after upgrade

The Panama Canal is likely to attract up to 15% more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to transit.