Crude oil
Tanzania hikes fuel prices on weaker currency, crude costs
DAR ES SALAAM (Reuters) -- Tanzania's energy regulator raised maximum retail prices of petrol and diesel on Monday, citing higher international costs for both crude and refined products and a weaker local currency, a move expected to exert upward pressure on inflation.
Industry Metrics
Asian refinery margins remained healthy ahead of the spring maintenance season, despite a slight fall due to signs of a bearish gasoline market.
Business Trends: Standardized modularization—Drivers, challenges and perspectives in the oil and gas industry
Modularization is an alternative way of performing engineering aimed to reduce the number of interfaces, the total installed cost (TIC) and overall schedule length of a project, while optimizing the return on investment (ROI) and allowing standardization for similar future projects.
Refining: Uncertainty grips South Africa’s Clean Fuels Program
The planned upgrading of oil refineries in South Africa to produce Euro 5-specified fuels will likely take longer than initially anticipated.
India to cut Iranian oil purchases in row over gas field
NEW DELHI (Reuters) -- Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.
IEA says oil prices will not jump sharply, despite OPEC supply cuts
NEW DELHI (Reuters) -- The International Energy Agency does not expect a major increase in global oil prices despite efforts by OPEC and non-OPEC members to reduce output, its executive director Fatih Birol told Reuters.
Environmental groups sue Trump administration for approving Keystone pipeline
WASHINGTON (Reuters) -- Several environmental groups filed lawsuits against the Trump administration on Thursday to challenge its decision to approve construction of TransCanada Corp's controversial Keystone XL crude oil pipeline.
China steps up Americas oil imports, Unipec backs ‘new frontier’
SINGAPORE (Reuters) -- China's largest crude oil buyer Sinopec aims to ship more cargoes from Brazil, the United States and Canada, to help ensure stable crude supplies as the Middle East boosts refining capacity and Africa suffers disruptions.
Nigeria to send oil governance bill to Senate on April 25
ABUJA (Reuters) -- Nigeria will send its oil governance bill to the Senate on April 25, a spokesman said on Thursday, the latest step in efforts to overhaul the energy sector in Africa's largest economy.
Pemex says port accident injures 17 workers, none badly
MEXICO CITY (Reuters) -- Mexican national oil company Pemex said on Wednesday that an accident at a terminal near the Gulf coast port city of Tampico has injured 17 workers, but none were badly hurt.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
