Crude oil
China plans Shanghai crude oil futures launch in H2 2017
SINGAPORE/BEIJING (Reuters) -- China is looking at launching its crude oil futures in Shanghai in the second half of this year, two sources familiar with the matter said, breathing new life into a derivative that was considered shelved only months ago.
BP accuses Monroe Energy of wrongfully terminating contract
NEW YORK (Reuters) -- BP Plc has accused Monroe Energy of wrongfully terminating a crude supply contract in 2016, costing the oil major at least $59 MM in damages, according to a federal court filing.
Banned at sea: Venezuela's crude-stained oil tankers
HOUSTON/PUNTO FIJO, Venezuela (Reuters) -- In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters.
Iraq completes repairs at Basra oil jetty, loading operations resume
BASRA, Iraq (Reuters) -- Repair work at a Basra oil jetty damaged by a tanker collision last month were completed on Sunday, two officials at state-run South Oil Company told Reuters on Monday.
Oil slides as US pumps more, but OPEC and North Korea loom
LONDON (Reuters) -- Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production.
Fairway begins operations at Houston crude oil storage facility
HOUSTON – Fairway Energy Partners, LLC announced that it has commenced initial commercial operation at its Pierce Junction Crude Oil Storage Facility. The project will serve the Houston area’s crude oil storage needs driven by the growth of pipeline-delivered crude oil into and through the Houston market.
Saudi Arabia pushes ahead with renewable drive to diversify energy mix
RIYADH (Reuters) -- Saudi Arabia aims to produce 10% of its power from renewable sources in the next six years as it pushes ahead with a multi-billion-dollar plan to diversify its energy mix and free up more crude oil for export.
India's exports revival picks up speed in March
NEW DELHI (Reuters) -- A recovery in Indian exports gathered steam in March with a pick-up in demand for engineering and petroleum products, bolstering an economy still recovering from the government's cash clampdown.
Russia's Transneft says oil supply schedule for Belarus in 2Q 2017
MOSCOW (Reuters) -- Russia will supply 5 MMt of oil to Belarus in the second quarter, down from 6 MMt seen previously, Russian oil pipeline monopoly Transneft said on Friday.
EIA: More Chinese crude oil imports coming from non-OPEC countries
China is the world’s largest net importer of crude oil, and in recent years, China’s crude oil imports have increasingly come from countries outside the Organization of the Petroleum Exporting Countries (OPEC).
- 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
