Europe
SABIC appoints group to oversee decommission of 10 petchem plants
Work is underway to clear a suite of redundant assets in the North East of England, in one of the UK’s largest projects of its kind.
Asia's booming diesel market draws rare European cargoes
LONDON/SINGAPORE (Reuters) — Oil traders are shipping diesel out of Europe to Asia and the Middle East where strong demand and tighter supplies have boosted prices, in a rare arbitrage that reverses traditional routes.
Saudi Aramco, France's Total study mixed feed cracker
KHOBAR, Saudi Arabia (Reuters) — Saudi Aramco and France's Total are considering building a mixed-feed cracker and derivatives in Jubail, near their joint refining complex, industry sources said.
Oil eases on US holiday after 8 days of gains
LONDON (Reuters) — Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in US crude production may be slowing.
Azerbaijan ships 733,664 t of oil via Russia in H1 2017
BAKU (Reuters) — Azerbaijan's oil shipments via Russia jumped to 733,664 t in the first half of the year from 479,730 t in the same period last year, state oil company SOCAR said on Tuesday.
Total nears deal to invest up to $2 B in Iran's petrochemical industry
LONDON (Reuters) — Total and Iran have reached a preliminary agreement to build three petrochemical plants in a deal that if finalized could see the French oil major investing up to $2 B in Iran, an Iranian oil industry official said on Tuesday.
Tanker and cargo ship collide in Channel, no injuries, spills reported
LILLE, France (Reuters) — An oil tanker and a cargo ship collided in the Channel east of the British port of Dover early on Saturday, but no injuries or pollution were reported, regional French maritime authorities said.
OPEC oil output jumps to 2017 high as Nigeria, Libya pump more
LONDON (Reuters) — OPEC oil output has risen in June by 280,000 bpd to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal offset strong compliance by their peers.
Takeover target Amec to retain European nuclear business
(Reuters) — Oil services company Amec Foster Wheeler Plc, which is being bought by peer John Wood Group Plc, said on Thursday it had decided to retain its European nuclear unit and sell its North American business.
Oil prices edge up to two-week high on dip in US output
NEW YORK (Reuters) — Oil futures edged up less than 1% after hitting a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly US crude production temporarily alleviated concerns about deepening oversupply.
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