Europe
Rosneft says it has enough oil as Glencore raises stakes in Russia
MOSCOW (Reuters) -- Rosneft said on Friday it has enough oil to fulfill new contracts with Swiss trader Glencore as markets gear up for a fierce battle between some of the world's largest merchants for supplies from the Russian company.
Urals and CPC Blend differentials softened, Azeri Light exports surge in January
MOSCOW (Reuters) -- Urals and CPC Blend crude differentials to dated Brent weakened on Thursday, as sellers were eager to get rid of December barrels, while Azeri Light loading plan for January showed healthy build in exports next month.
Linde AG resume merger talks with Praxair, Inc., CEO resigns
MUNICH – The Executive Board of Linde AG has decided to resume talks over the terms of a potential merger of equals between the company and American company Praxair, Inc., after consulting with the Supervisory Board.
PKN ORLEN increases crude oil supplies to Czech refinery
PKN ORLEN signed an annex with Tatneft Europe AG to the agreement for crude oil supplies to Czech refinery in Litvinov that provides the extension of contractual period and increases the possible maximum volume of the crude oil delivered.
McKinsey report forecasts global refining capacity growth to exceed demand until 2020
LONDON, UK -- McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, forecasts that until 2020, global refining will move towards lower utilization and margins as capacity growth exceeds demand. Post-2020 market conditions are expected to improve with higher demand for distillates due to marine pollution (MARPOL) regulations.
Outages brighten European refineries' year-end profit prospects
LONDON (Reuters) -- European oil refiners are enjoying healthy profits in the fourth quarter compared with other regions due to unplanned maintenance in the Atlantic basin that has eroded inventories, offsetting typically weaker year-end demand.
Saras shuts down catalytic reforming unit at refinery for failure
(Reuters) -- Italian refiner Saras said that due to a failure, it was necessary to shutdown one of the two Catalytic Reforming units of the Sarroch refinery (the CCR unit), which produces high-octane gasoline blending components, as well as hydrogen to be used in the desulphurisation processes, due to a failure.
EU lawmakers postpone vote on carbon market reform until Dec. 15
BRUSSELS (Reuters) -- A vote by European lawmakers on an overhaul of the EU's Emissions Trading System (ETS) will be postponed until Dec. 15 because major parties remain divided over how far the reforms should go, EU sources said on Monday.
thyssenkrupp signs agreement to build new PET production plant in Russia
thyssenkrupp Industrial Solutions, a partner for the engineering, construction and service of industrial plants and systems, has signed an agreement with the Russian jointstock company Polyester Plant Ivanovo to build a new PET polymer and staple fibre production plant.
FMC, Technip announce Brazilian antitrust clearance of merger
HOUSTON and PARIS – FMC Technologies, Inc. and Technip today announced that the pending combination between the companies has received a clearance decision issued by the General Superintendent of the Administrative Council for Economic Defense (CADE), the Brazilian antitrust authority. The decision is subject to a 15-day waiting period.
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