Crude oil
China's CNPC forecasts record oil demand, warns on product glut
BEIJING (Reuters) -- China's crude oil demand will grow by 3.4% this year to a record of almost 12 MMbpd, the country's top state-owned oil producer forecast on Thursday, as refiners in the world's second-biggest oil user ramp up output.
EIA: US crude, fuel stockpiles soar amid record high refining
(Reuters) -- US inventories of crude and refined oil rose sharply and more than expected last week, with stocks of distillates hitting six-year highs, as crude imports and refining hit record highs, government data showed on Wednesday.
Saudi cuts Feb oil exports to some buyers in India, Malaysia to meet OPEC deal
DUBAI/SINGAPORE (Reuters) -- Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal, but it has held most of its exports to the rest of Asia steady for a second month, industry sources said on Wednesday.
Iraq gives full February crude supply to three Asia, Europe buyers despite OPEC cut
(Reuters) -- Iraq, OPEC's second-largest oil producer, has given full supply allocations of Basra crude to three refiners in Asia and Europe for February, three sources with direct knowledge of the matter said on Monday.
Refiners shun new Canadian crude blend offer from Enbridge line
CALGARY, Alberta (Reuters) -- Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem? No one wants it.
US to sell 8 MMbbls of crude oil reserves
HOUSTON (Reuters) -- The US Department of Energy on Monday issued a Notice of Sale for crude from its Strategic Petroleum Reserves, with bids for 8 million barrels of light, sweet oil due by Jan. 17.
Oil down 3% on concerns over rising Iraqi exports, US output
NEW YORK (Reuters) -- Oil prices tumbled by 3% on Monday on concern that record Iraqi crude exports and rising US output would undermine OPEC's efforts to curb global oversupply.
Rosneft to supply extra 70 MMt of oil to China from 2017-2023
MOSCOW (Reuters) -- Russian state oil company Rosneft and China's CNPC have signed an agreement to increase by 70 MMt the amount of crude oil Rosneft will supply to China via Kazakhstan over the period from Jan. 1, 2017, to Dec. 31, 2023.
Azerbaijan to raise oil shipments via Russia to 1.5 MMt in 2017
BAKU (Reuters) -- Azerbaijan's state oil company SOCAR plans to increase its shipments via Russia to 1.5 MMt in 2017 from 1.21 MMt last year, a source at SOCAR said on Monday.
Russia cuts oil output by 100,000 bpd in early January
MOSCOW (Reuters) -- Russia cut its oil production in early January by around 100,000 bpd from the previous month after an agreement with OPEC to cap global crude output, two sources from the energy sector told Reuters on Monday.
- 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
