Crude oil
Pembina Pipeline adding infrastructure, increasing Phase V pipeline expansion
CALGARY — Pembina Pipeline Corporation announced that in order to accommodate incremental volume commitments from customers, the Company is adding additional infrastructure and increasing operational flexibilities to its previously announced Phase V pipeline expansion (Phase V), which included a 20-in pipeline from Lator to Fox Creek, Alberta.
Statoil charters last of the world's largest oil tankers to hold crude for Asia buyers
SINGAPORE (Reuters) — Norway’s Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world’s largest oil tankers, to store oil off of Malaysia for distribution in smaller parcels to its clients in Asia, company executives said.
Iraqi PM's office says Turkey agrees to deal only with Baghdad on oil exports
BAGHDAD (Reuters) — Turkey told Iraq it would deal only with the Iraqi government on crude oil exports, the office of Iraqi Prime Minister Haider al-Abadi said on Thursday.
Matrix Global plan US sweet crude storage contract amid export growth
SINGAPORE (Reuters) — Matrix Global Holdings is planning to start up an oil storage futures contract for low-sulfur crude oil that will enable companies to build up supplies for export cargoes, as Asia looks for more crude imports from the United States.
Dongming steps up crude purchases in 2017 for Shandong oil refiners
SINGAPORE (Reuters) — Pacific Commerce, the trading arm of refiner Shandong Dongming Petrochemical, has purchased 66% more crude oil in 2017 than last year, both for its own system and for other independent Chinese refiners, a Dongming senior executive said on Wednesday.
Monroe Energy sees delays unloading supertanker of W.African crude
NEW YORK (Reuters) — Monroe Energy, a subsidiary of Delta Air Lines, ran out of crude oil at its 185,000-bpd Trainer, Pennsylvania, refinery after delays in unloading a supertanker called C. Innovator, according to a source familiar with the company's operations and Reuters shipping data.
China's CEFC wins preliminary govt approval for Rosneft deal
BEIJING/HONG KONG (Reuters) — Privately-run conglomerate CEFC China Energy has obtained preliminary state approval for its proposed $9.1 B investment in Russian oil major Rosneft, three sources with knowledge of the matter told Reuters.
American Midstream begins crude deliveries into Dakota Access pipeline
HOUSTON — American Midstream Partners, LP announced it has commenced deliveries from the Partnership’s 40,000 bpd Bakken crude oil gathering system near Watford City, ND into the Dakota Access Pipeline (DAPL).
Russia keeps spot as China's top oil supplier for sixth month
BEIJING (Reuters) — Russia beat Saudi Arabia to become China’s top crude oil supplier for a sixth month in August, as independent refiners ramped up purchases and as state-owned refiners bought seaborne shipments from the Russian Far East port of Kozmino.
Oil demand may exceed supply by up to 4 MMbpd by 2019
SINGAPORE (Reuters) — Global oil demand may be between 2 MMbpd to 4 MMbpd more than worldwide crude supply by the end of 2019 as exploration spending has declined as prices fell, an executive with commodities trading house Trafigura said on Tuesday.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
