Americas
US crude inventories fall; big draw at Cushing hub
(Reuters) — US crude oil stockpiles fell last week, with most of the decline coming out of the Cushing, Oklahoma storage hub, while gasoline and distillate inventories rose slightly, the Energy Information Administration said on Wednesday.
Neste forms partnerships with four distributors to provide renewable diesel to California
Neste has announced exclusive partnerships with four fuel distributors in California: IPC (USA), Inc.; Ramos Oil Company, Van De Pol Petroleum; and Western States Oil. Public and private fleets will now have access to a consistent and high-quality supply of Neste MY Renewable Diesel through these partners.
EIA: US average gasoline prices this Thanksgiving higher than previous 2 yr
Heading into the Thanksgiving holiday weekend, US retail regular-grade gasoline averaged $2.57/gal, up 41 cents/gal from the same time last year. Although gasoline prices are higher than in both 2015 and 2016, the Thanksgiving 2017 gasoline price is still the third-lowest since 2008.
Work on Peru oil pipeline to cost more than $800 MM
LIMA (Reuters) — Extending and repairing Peru’s oil pipeline would cost more than $800 MM, the president of the country’s state-run energy company Petroperu said in an interview on Tuesday.
US crude extends rally to $58, first time since 2015
LONDON (Reuters) — Oil extended gains on Wednesday, with US crude hitting $58/bbl for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further.
S.Dakota regulators say they could revoke Keystone permit after spill
WASHINGTON (Reuters) — South Dakota regulators said on Tuesday they could revoke TransCanada Corp's permit to operate the Keystone crude oil pipeline in the state if an initial probe into last week's spill finds the company violated its license.
Indian Oil Corp studies renewed Venezuelan crude purchases
NEW DELHI (Reuters) — Indian Oil Corp is considering buying Venezuelan crude for the first time in at least 6 yr, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.
Venezuela arrests head of US refiner Citgo in graft sweep
CARACAS (Reuters) — Venezuelan authorities arrested the acting president of its US-based refiner Citgo and five of the subsidiary's top executives on Tuesday as part of a spiraling corruption purge in the OPEC country's oil industry.
First phase of CITGO Aruba Refinery camp almost complete
SAN NICOLAS, Aruba — The first phase of an envisioned 1,500-bed man camp that will house workers needed to support the CITGO Aruba Refinery refurbishment project on the island is almost complete.
Shell Canada, Syncrude cut synthetic crude volumes
CALGARY, Alberta (Reuters) — Shell Canada, a unit of Royal Dutch Shell, has warned customers synthetic crude volumes from its 255,000-bpd Scotford, Alberta, upgrader may be reduced in November and potentially December, trading sources said on Monday.
- YPF, Eni and XRG sign joint development agreement advancing 12-MMtpy Argentina LNG project 2/12
- Maire launches new technology to produce PTMEG, the key polymer composing the spandex fiber. 2/12
- Verde Clean Fuels announces suspension of development of Permian Basin gas-to-gasoline project 2/12
- Nigeria's Dangote refinery says crude unit and petrol block running at capacity in tests (1) 2/12
- Vietnam's largest refinery to operate at 120%-125% of designed capacity in Q1 2/12
- Indonesia's Medco expansion plans bet on rising energy demand in Southeast Asia 2/12
