Europe
Norway oil and gas workers threaten strike, some crude output at risk
At least 647 Norwegian oil workers plan to strike from June 12 if state-brokered wage mediation fails, putting some crude output at risk of shutdown although gas may not be affected.
Slovakia says hardest hit by Russia oil sanctions, expects solidarity
Slovakia said on Friday it would be hardest hit by European Union sanctions on Russian oil and it expected solidarity from Brussels to mitigate the impact.
Global refiners falter in efforts to keep up with demand
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka.
City of Espoo to use Neste biodiesel in diesel-powered machines
The Public Works Department at the City of Espoo has decided to use Neste MY Renewable Diesel in all of its diesel-powered machines.
Morgan Stanley: European refining margins set for rebound
LONDON (Reuters) — The bank’s spot European margin indicator fell to $6.50 a barrel from around $8 a barrel in mid-October, largely on the back of a rally in Brent futures, but forward margins held up.
Borealis awards Jacobs FEED contract for PDH plant in Belgium
DALLAS — Jacobs Engineering Group Inc. has been awarded a contract to complete a front end engineering design (FEED) study for a propane dehydrogenation (PDH) plant located at the existing Borealis production site in Kallo, Belgium.
Oil hits new two-and-a-half year highs as higher output looms
SINGAPORE/LONDON (Reuters) — Oil prices rose on Wednesday to new two-and-a-half year highs as robust output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran.
Shell to retain ownership of A/S Dansk Shell
Shell announces today that the agreement it signed with Dansk Olieselskab AS (DO) in September 2016 regarding the sale of A/S Dansk Shell, which consists of the Fredericia refinery and local trading and supply activities, has terminated and the sale will not complete.
Oil trades near strongest levels since mid-2015 on Iranian unrest
SINGAPORE/LONDON (Reuters) — Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.
US crude ends year above $60 on strong global oil demand
CALGARY, Alberta (Reuters) — US oil prices closed above $60/bbl on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12% gain spurred by strong demand and declining global inventories.
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