Economics
Saudis, Mideast producers vie for China's teapot crude imports
Top global oil exporter Saudi Arabia is looking at new ways to sell crude to China, offering more cargoes at spot prices and more lenient payment terms.
Croatia looks at options for Sisak refinery
Croatia is considering shutting down or changing the use of one of its two oil refinery sites, implying the government does not expect to secure investment to finance an upgrade of the plant.
DuPont raises profit forecast, says Dow merger may get delayed
DuPont raised its full-year adjusted profit forecast as it cuts costs ahead of its merger with Dow Chemical Co., but said the deal may not close by the end of this year as planned.
Total says incident at Gonfreville refinery did not affect output
A gas blast that injured five people at Total's 247-Mbpd Gonfreville refinery in northern France did not impact production, because the unit was on scheduled maintenance.
Cost cuts help refiner Valero beat profit estimate
Valero Energy Corp.'s quarterly profit beat analysts' estimate by a wide margin, as the largest independent US refiner kept a tight leash on costs.
Total, Glencore and Gunvor bidding for Chevron's South African assets
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron's South African downstream assets, which include a refinery.
Angola becomes China's biggest oil supplier in September
Angola became China's largest crude supplier for the second time in September, taking the top position from Russia.
Saudi Aramco denies bidding for Lyondell's Houston refinery
Saudi Arabian state oil giant Saudi Aramco denied it had bid for the purchase of LynodellBasell Industries NV's refinery in Houston.
S. Korea's GS Caltex buys North Sea Forties crude for January arrival
The narrowing of Brent's premium to Dubai swaps this month has prompted Asian refiners like GS Caltex to turn their attention to arbitrage crude from Europe.
HollyFrontier in the lead to acquire Petro-Canada lubricants
US oil refiner HollyFrontier Corp. is in advanced talks to acquire Suncor Energy Inc.'s Petro-Canada lubricants division for a little over $1 B.
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