Americas
EIA: US crude oil stocks rise, while products draw down
(Reuters) -- US crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the US Energy Information Administration said on Thursday.
France's Technip, Venezuelan firms tapped to refurbish Aruba refinery
ORANJESTAD/HOUSTON (Reuters) -- A consortium formed by France's Technip and Venezuela's Tecnoconsult and Y&V Group was picked to refurbish Aruba's 225,000-barrel-per day refinery, the Caribbean island's government said on Thursday.
Oil steady as rise in US inventory slows upswing
NEW YORK (Reuters) -- Oil prices steadied on Thursday after a surprise increase in US inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year.
ACC releases November 2016 resin production, sales statistics
WASHINGTON – US production of major plastic resins totaled 6.4 billion pounds during November 2016, a decrease of 0.4% compared to the same month in 2015, according to statistics released today by the American Chemistry Council.
Brazil's Petrobras sells $587MM in ethanol, petchem assets
SAO PAULO (Reuters) -- Brazil's state-run oil company, Petroleo Brasileiro SA, on Wednesday announced the sale of ethanol and petrochemicals assets for $587 million, but said it would still fall $1.5 billion short of its divestment target for the 2015-2016 period.
Minnesota refinery facing possible strike
(Reuters) -- Western Refining's plant in St. Paul Park, Minnesota could be headed for a strike at the beginning of the year, according to a union statement on Wednesday.
Senators ask Trump EPA chief pick to disclose energy industry ties
WASHINGTON (Reuters) -- Democrats on the US Senate's environment panel on Wednesday asked President-elect Donald Trump's choice to head the Environmental Protection Agency to disclose his ties to the energy industry ahead of his confirmation hearing early next year.
Oil rallies in thin trade, adds to year's gains
NEW YORK (Reuters) -- Oil gained 1.5% Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.
Venezuela says to cut 95,000 bpd crude output in OPEC deal
CARACAS (Reuters) -- Venezuela said on Tuesday it will cut 95,000 bpd of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
ACC: US specialty chemicals markets rise during 4Q 2016
WASHINGTON – The American Chemistry Council (ACC) reported that US specialty chemicals market volumes rose 0.4% in November.
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- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia 7/7
- Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East 7/7
- U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude 7/7
