Europe
Oil comeback for cut-exempt producers threatens to swamp OPEC
LONDON (Reuters) — OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exempt from a global production-cutting deal, is swamping the Atlantic Basin.
Oil shrugs off geopolitical tensions but some see red flags
LONDON (Reuters) — The oil price has ignored rising geopolitical tensions in the Middle East, as a three-year old crude surplus has wiped out any real fear over supply, but one of the world's largest security consultants says there are red flags the market cannot ignore.
Hydrocarbon Processing Awards recognize best in HPI
The downstream industry’s brightest minds gathered Wednesday evening to celebrate the winners of the 2017 Hydrocarbon Processing Awards.
EIA: US remains the world’s top producer of petroleum, natgas hydrocarbons
The US remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels.
Linde wins major contract for olefin plant in Russia
MUNICH — Technology company The Linde Group has been awarded a major contract by PJSC Nizhnekamskneftekhim (NKNK) to supply an olefin plant in the city of Nizhnekamsk, located in the Republic of Tatarstan in the Russian Federation. Both partners officially signed the agreement in St. Petersburg, Russia.
IRPC Europe '17: Shell case study demonstrates VDU value maximization
VIENNA—On Day 2 of International Refining and Petrochemical Conference (IRPC) Europe, Jock Hughson, Licensing Technology Manager for Shell Global Solutions International BV, discussed how to maximize the value of a vacuum distillation unit (VDU) through a post-fractionation increase of vacuum gasoil (VGO) yield.
IRPC Europe '17: Scenes from day one
Check out scenes from the first day of IRPC Europe 2017.
IRPC Europe '17: European refiners look to preserve market share in expanding global industry
VIENNA—Viren Doshi, former Senior Vice President and Head of Oil and Gas Practice at Strategy&, discussed the market outlook for the European refining industry in a market keynote on Day 1 of International Refining and Petrochemical Conference (IRPC) Europe.
IRPC Europe '17: OMV exec examines challenges facing EU refining industry
VIENNA—Director General of the UK Petroleum Industry Association Ltd. (UKPIA), Chris Hunt, delivered opening remarks on Day 1 of Gulf Publishing Company's International Refining and Petrochemical Conference (IRPC) Europe. Mr. Hunt invited attendees to network with one another during the conference against the beautiful backdrop of the Danube River.
Oil edges up in quiet holiday trade, focus on crude glut
(Reuters) — Oil prices rose slightly on Monday, paring steep losses from last week, but the market remained cautious as increases in US drilling activity have undercut an OPEC-led push to tighten supply.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
