Crude oil
Magellan, Plains to further expand BridgeTex Pipeline
TULSA, Okla. and HOUSTON — Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P. announced that BridgeTex Pipeline Company, LLC, owned 50/50 by Magellan and Plains, plans to further expand the capacity of the BridgeTex pipeline and has launched a supplemental open season to assess customer interest for the expanded capacity.
India MRPL makes its first US oil purchase
NEW DELHI (Reuters) — India’s state-run Mangalore Refinery and Petrochemicals Ltd has made its first purchase of US crude oil, buying high-sulfur grade Southern Green Canyon through a buy tender for an early February delivery, the head of its refinery said.
China crude oil imports to rebound in January on quotas, low stocks
SINGAPORE/BEIJING (Reuters) — China's crude oil imports are expected to rebound in January as demand from independent refiners will accelerate once 2018 import quotas are in place, and processors start to replenish inventories, analysts and trade sources said.
Iraq's November oil exports from south up at 3.5 MMbpd
BASRA, Iraq (Reuters) — Oil exports from Iraq's southern ports rose to an average of 3.5 MMbpd in November from 3.35 MMbpd in October, Basra Oil Company Director General Ihsan Abdul Jabbar told Reuters on Friday.
OPEC agrees oil cut extension to end of 2018
VIENNA (Reuters) — OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signaling a possible early exit from the deal if the market overheats.
EIA: US crude stocks fall, but gasoline, distillates up
(Reuters) — US crude oil stocks fell last week, led by the biggest fall in inventories at the Cushing, Oklahoma storage hub in eight years, while gasoline and distillate stockpiles rose, the Energy Information Administration said on Wednesday.
Oil slips on OPEC deal uncertainty and rising US inventories
LONDON (Reuters) — Oil prices slipped on Wednesday as doubts set in about Russia's willingness to substantially extend a deal among some of the world's biggest exporters to curb output to help tackle global oversupply and support prices.
Mexico's Pemex declares force majeure on Isthmus crude oil
SINGAPORE (Reuters) — Mexico's national oil company Pemex has declared force majeure on the loading of Isthmus crude, two sources with knowledge of the matter said on Wednesday.
Iraq to divert most Kirkuk oilfield output to Iraqi refineries, says official
BAGHDAD (Reuters) — Iraq is preparing to divert most future output from Kirkuk oilfield to local refineries as a conflict with Kurdish regional authorities over the use of an export pipeline to Turkey continues, an Iraqi official said on Monday.
TransCanada to restart Keystone pipeline on Tuesday
CALGARY, Alberta (Reuters) — The Keystone crude oil pipeline will restart at reduced pressure on Tuesday, TransCanada Corp said, nearly two weeks after closing the line after it leaked 5,000 bbl of crude in rural South Dakota.
- 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
