Crude oil
Indian Oil plans to buy N. American sour crude for the first time
SINGAPORE/NEW DELHI (Reuters) — India's top refiner has issued its first tender to buy high-sulfur, or sour, crude from North America as it seeks to diversify imports, three trading sources said on Tuesday.
Oil eases on US holiday after 8 days of gains
LONDON (Reuters) — Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in US crude production may be slowing.
Azerbaijan ships 733,664 t of oil via Russia in H1 2017
BAKU (Reuters) — Azerbaijan's oil shipments via Russia jumped to 733,664 t in the first half of the year from 479,730 t in the same period last year, state oil company SOCAR said on Tuesday.
Train derailment spills 20,000 gal of Exxon's oil in Illinois
(Reuters) — About 20,000 gal of crude oil belonging to ExxonMobil Corp was released after a Canadian National Railway Co freight train derailed on Friday at Plainfield, Illinois.
IEA study unveils key role for trucks in global oil-demand growth
Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and the environment.
EIA: Even as renewables increase, fossil fuels continue to dominate US energy mix
Fossil fuels have provided more than 80% of total US energy consumption for more than 100 years. Since 1928, when consumption of natural gas surpassed that of biomass, the three fossil fuels—petroleum, natural gas, and coal—have been the most consumed fuels in the United States. In 2016, fossil fuels accounted for 81% of total US energy consumption, the lowest fossil fuel share in the past century.
All eyes on July for US oil demand to drain glut
NEW YORK (Reuters) — US oil traders are hoping the sweltering days of July are also hot ones for demand, believing the new month is the last best opportunity this year to see the overhang of inventories finally subside.
Could your facility benefit from a marine terminal assessment?
How sure would a terminal manager at a distribution terminal, or a line manager at a refinery or a chemical plant that has marine loading and unloading docks, be that those docks are being operated at a level that ensures long-term safe performance?
Refining: Fuel processing vs. imports in East Africa: Will new refinery plans be realized?
Many analysts believe that Africa will remain a net importer of petroleum products for the foreseeable future. However, a few countries in the region have plans in place to build new refineries.
Industry Metrics
US gasoline crack spreads continued to rally, but were offset by supply-side pressure as higher refinery runs contributed to increased inventories.
- 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
