Europe
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The Petronor oil refinery is located in northeastern Spain. Recently, the facility converted its last rolling element-equipped machine from liquid oil lubrication to pure (“dry-sump”) oil mist.
Oil flat, erases gains as US crude draw shy of API report
NEW YORK (Reuters) — Oil prices were steady in see-saw trade on Wednesday, hitting their highest since mid-2015 and then retreating after US government data showed that the latest weekly draw in domestic crude stocks was not as big as an industry trade group had reported.
Russia's Surgutneftegaz offers up to 3.1 MMt of diesel from Primorsk
MOSCOW (Reuters) — Russia’s Surgutneftegaz is offering up to 3.1 MMt of ultra-low sulfur diesel at a tender for delivery in January-June 2018 from the Baltic Sea port of Primorsk, industry sources told Reuters on Tuesday.
Oil prices near 2-yr highs as supply cuts bite
LONDON (Reuters) — Oil prices steadied on Tuesday after a week of gains as the prospect of increasing US exports dampened bullish sentiment that has driven Brent to more than 2-yr highs above $60/bbl.
LyondellBasell approaches Brazil's Braskem for takeover
(Reuters) — LyondellBasell Industries NV has approached Brazil's Braskem SA for a potential takeover, valuing the petrochemicals company at more than $10 B, the Wall Street Journal reported on Monday.
Russia's Transneft taking stake in Ust-Luga oil terminal
MOSCOW (Reuters) — Russian pipeline monopoly Transneft is buying a stake in the oil terminal at the Baltic Sea port of Ust-Luga from businessman Andrei Bokarev, two sources familiar with the matter told Reuters on Friday.
Iran's crude, condensate exports to tumble to 19-month low in Oct
TOKYO/SINGAPORE (Reuters) — Iran's total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, dented by production issues, a person with knowledge of the country's tanker loading schedule said.
Oil slips on higher US crude inventories, production
LONDON (Reuters) — Oil slipped on Thursday, pressured by an unexpected increase in US crude inventories, high US production and exports, but stayed near multi-month highs on support from tighter crude markets.
Saudi Aramco subsidiary to buy stake in Rotterdam terminal
RIYADH (Reuters) — Saudi Aramco Overseas Company (AOC), a subsidiary of Saudi Aramco, has entered into an arrangement to buy a stake in a Rotterdam terminal from commodities trader Gunvor, the company said on Thursday.
Polish refiner Lotos's M&A plans could hit dividend
WARSAW (Reuters) — Poland's second biggest oil refiner Lotos wants to buy local petrol stations and foreign oil deposits to strengthen its position in the market, its CEO said on Thursday, adding the plans could hit its dividend payout.
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