Crude oil
Oil prices edge higher on Forties outage, falling stocks
SINGAPORE/LONDON (Reuters) — Oil prices rose on Friday, supported by the continuing outage of the Forties pipeline in the North Sea and falling inventories due to OPEC-led production cuts, but climbing US output kept a lid on gains.
UK Forties oil cargoes delayed for weeks by pipeline shutdown
LONDON (Reuters) — The loading dates of cargoes of Forties crude, which help set the global Brent benchmark, have been delayed by at least two weeks and further hold-ups are likely, trade sources said, following the closure of the North Sea Forties pipeline for repairs.
S.Korea's Nov Iran crude oil imports fall to 5-month low
SEOUL (Reuters) — South Korea's Iranian crude oil imports in November dropped to the lowest level since June, due to reduced shipments from the Middle Eastern country to Asia affected by its production issues.
Ineos considers shifting refinery work due to Forties outage
LONDON (Reuters) — Ineos may bring forward maintenance work at its Grangemouth refinery in Scotland due to the unplanned outage at its Forties North Sea crude pipeline, which threatens to choke the plant's feedstock, industry sources said on Wednesday.
TransCanada clashes with pipeline opponents at Nebraska hearing
LINCOLN, Nebraska (Reuters) — Opponents of TransCanada Corp's proposed Keystone XL oil pipeline argued on Tuesday that regulators in Nebraska had no authority to approve the line's "alternative" path through the state and that the project should be considered dead.
OPEC sees balanced oil market by late 2018 as cuts erode glut
LONDON (Reuters) — OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as US and other producers outside the group pump more crude.
Indonesia's Pertamina expects to import up to 250 Mbpd of crude oil in 2018
JAKARTA (Reuters) — Indonesia's Pertamina expects to import up to 250 Mbpd of crude oil in 2018, the head of the state-owned company's procurement unit said on Tuesday.
Britain's biggest oil pipeline shut ‘for weeks’ for repairs
LONDON (Reuters) — Britain's largest oil pipeline could shut down for weeks for unscheduled repair work, sending the price of crude to new 2-yr highs and triggering a steep rally in natural gas prices, just as a cold snap sweeps the country.
Saudi Arabia to supply full Jan crude volumes to several Asian buyers
TOKYO/SINGAPORE (Reuters) — Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge of the matter said on Monday.
China's Nov crude imports rise to 2nd highest on record
BEIJING (Reuters) — China’s natural gas imports in November rose to a record as domestic demand surged while crude imports were the second-highest ever, as refiners ramped up output to cash in on strong profits as fuel prices soar, customs data showed on Friday.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
