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Crude oil

Oil hits new two-and-a-half year highs as higher output looms

SINGAPORE/LONDON (Reuters) — Oil prices rose on Wednesday to new two-and-a-half year highs as robust output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran.

Brazil 2017 oil exports up 25% over prior year

RIO DE JANEIRO (Reuters) — Brazilian oil exports rose nearly 25% to 51.96 MMt in 2017 compared with the prior year, Brazilian government data showed on Tuesday.

Iran's oil production, exports not impacted by protests

DUBAI (Reuters) — Iran's crude oil production and exports have not been impacted by the unrest spreading across the country, Iranian oil and shipping sources said on Tuesday, as a crackdown intensified against anti-government demonstrations that began last week.

S.Korea Dec exports climb for 14th month, wrap up record 2017

SEOUL (Reuters) — Soaring global demand for memory chips and petrochemicals helped South Korea's exports surge 8.9% in December, lifting its 2017 shipments to the highest on record in value terms.

Iraq's exports from southern oilfields hit record 3.535 MMbpd in Dec

BAGHDAD (Reuters) — Oil exports from Iraq's southern Basra ports rose to a record high of 3.535 MMbpd in December from 3.5 MMbpd the previous month, two oil officials said on Monday.

Oil trades near strongest levels since mid-2015 on Iranian unrest

SINGAPORE/LONDON (Reuters) — Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.

Industry Metrics

Hydrocarbon Processing Staff: Rhodes, Mike

US product markets improved, supported by higher export opportunities amid unexpected refinery outages.

2018 Industry Leaders’ Viewpoints

Hydrocarbon Processing Staff: Nichols, Lee

To kick off the new year, industry leaders and esteemed colleagues shared their viewpoints on 2018 and beyond with Hydrocarbon Processing. These viewpoints offer insight into growing regions of activity, technological advances, and how the downstream industry can innovate in 2018 and into the future.

Integrate solar/thermal energy in oil and gas processing

TechnipFMC: Gupta, K.  |  Ethakota, M.
TERI University: Payyanad, S.

One of the greatest challenges facing the world is climate change, the aftermath of emissions of greenhouse gases into our atmosphere. Awareness of climate change and its causes is spurring the development of new methods to reduce carbon dioxide emissions.

US crude ends year above $60 on strong global oil demand

CALGARY, Alberta (Reuters) — US oil prices closed above $60/bbl on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12% gain spurred by strong demand and declining global inventories.