Crude oil
New method to measure TAN of crude oil and refinery distillation fractions
Many refiners look at discounted opportunity crudes as a way to improve their margin spread. The growing varieties of discounted opportunity crudes on the market contain certain risks for the purchaser, such as high naphthenic acid or sulfur content.
EIA: Canada is the largest US partner for energy trade
Canada is the largest energy trading partner of the United States. Based on the latest annual data from the US Census Bureau, energy accounted for about 5% of the value of all US exports to Canada and more than 19% of the value of all US imports from Canada in 2016.
Oiltanking MOGS Saldanha to begin construction of crude oil, blending terminal in South Africa
CAPE TOWN, South Africa -- Oiltanking MOGS Saldanha Ltd, a JV between Oiltanking GmbH and MOGS Ltd, announced the construction of an independent crude oil and blending storage terminal in Saldanha Bay.
India's Reliance buys naphtha to feed growing domestic demand
SINGAPORE (Reuters) -- India's Reliance Industries has bought between 60,000 and 90,000 t of heavy full-range naphtha for March arrival to plug a supply gap due to its growing petrochemical capacity, industry sources with knowledge of the matter said on Tuesday.
Hyundai Oilbank buys S.Korea's first US Southern Green Canyon crude
SEOUL/SINGAPORE (Reuters) -- South Korean refiner Hyundai Oilbank has purchased a cargo of US Southern Green Canyon crude oil, the country's first import of the grade, three trade sources said on Tuesday.
Russia says in talks over Iranian oil purchases
SOCHI, Russia (Reuters) -- Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports.
Snow, landowner, delay Utah pipeline repairs
HOUSTON (Reuters) -- Refiners and pipeline shippers in the Salt Lake City area are facing new delays obtaining crude oil after a pipeline outage last week was followed by snow on Friday that made it difficult to deliver much-needed oil by truck.
OPEC compliance seen growing as laggards Iraq and UAE pledge action
LONDON (Reuters) -- OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards -- the United Arab Emirates and Iraq -- pledge to catch up quickly with their targets.
EIA: US crude oil stocks build for seventh straight week
NEW YORK (Reuters) -- US crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday.
Vitol and Galaxy Energy win Rosneft tender for Urals crude
MOSCOW (Reuters) -- Russia's Rosneft awarded a sell tender for Urals crude oil for loading from Primorsk, Ust-Luga and Novorossiisk between April and September to traders Vitol and Monaco-based Galaxy Energy, four market sources told Reuters.
- 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
