Americas
Oil slips on rising US inventories, awaits EIA data
LONDON (Reuters) -- Oil prices fell on Wednesday after builds in US inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters.
Shell, Phillips 66 buy 6.4 MMbbl of oil from US emergency reserve
WASHINGTON (Reuters) -- Oil companies Shell and Phillips 66 together bought 6.4 MMbbl of oil last week from the Strategic Petroleum Reserve (SPR), according to a Department of Energy document released on Tuesday.
Brazil's Petrobras says investors are suing its subsidiaries in Netherlands
SAO PAULO (Reuters) -- Brazil's state-run oil company, Petroleo Brasileiro SA, said on Tuesday in a securities filing that a group of investors is suing two of its subsidiaries in a court in the Netherlands.
In Trump freeze, US agencies delay biofuels regulations affecting farm towns
NEW YORK/CHICAGO (Reuters) -- US regulators under the new presidential administration have instituted a freeze on rules key to the country's farm belt, agricultural groups said on Tuesday, heightening uncertainty for some of the regions that helped propel Donald Trump into office.
BridgeTex pipeline to expand capacity for delivery from Permian Basin to Gulf Coast
TULSA, Okla. and HOUSTON -- BridgeTex Pipeline Company, LLC, owned 50/50 by Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P., announced that it is expanding the BridgeTex pipeline's current capacity from the Permian Basin of 300,000 bpd to a new capacity of approximately 400,000 bpd.
Trump tells manufacturers he will cut regulations, taxes
WASHINGTON (Reuters) -- US President Donald Trump met with a dozen prominent American manufacturers at the White House on Monday, promising them he would slash regulations and cut corporate taxes, but warning them of penalties if they moved production outside the country.
Trump's new EPA transition team draws from oil industry groups
WASHINGTON (Reuters) -- US President Donald Trump's administration has drawn heavily from the energy industry lobby and pro-drilling think tanks to build its landing team for the Environmental Protection Agency, according to a list of the newly introduced 10-member team seen by Reuters on Monday.
ACC: US specialty chemicals markets end fourth quarter on good note
WASHINGTON – The American Chemistry Council (ACC) reported that US specialty chemicals market volumes rose 0.3% in December. This follows an upwardly revised 0.5% gain in November. Volumes have generally been moving up since May.
Falcon Oil converts Pennsylvania locations to Gulf
WELLESLEY HILLS, Mass. -- Gulf Oil has increased its reach in Pennsylvania through an expanded relationship with Falcon Oil. With this expansion, Gulf will provide branded wet barrel supply to several of the Blakely, Pennsylvania-based company's stations throughout the region.
Oil falls as signs of US output rise overshadow OPEC-led cuts
LONDON (Reuters) -- Oil prices fell one% on Monday as signs of a strong recovery in US oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
