Crude oil
Venezuelan refinery reels as PDVSA ships light oil to Cuba, Curacao
(Reuters) — Venezuela's 187,000-bpd Puerto la Cruz refinery is running at 16% of capacity, mainly due to a lack of light oil as state-run PDVSA ships a portion of its Mesa 30 crude to Cuba and Curacao, according to internal trade reports and workers.
Platts restricts Qatari-loading crude in pricing process
SINGAPORE/LONDON (Reuters) — Oil pricing agency S&P Global Platts said it will not automatically include Qatari-loading crude in its Middle East benchmark after Saudi Arabia and some other Arab states cut ties with Doha, a move that disrupted traditional shipping routes.
Case study: Improve vacuum tower operation with VFD addition
The bottom pump in crude vacuum units is an area of concern for almost all petroleum oil refineries. The harsh operating parameters in which these pumps operate, including high product temperature and significant vacuum suction pressure, have resulted in frequent vacuum tower upsets and low mean time between failures (MTBF) for vacuum bottom pumps.
Industry Metrics
US gasoline demand increased with the shift to summer fuels and higher export opportunities to Latin America.
Reliability: Oil in galvanized containers poses undue risk
Professional advancement is often linked to obtaining certification. To prepare, the technician or engineer must study texts, culminating in taking a test or passing an exam that makes use of, or is based on, questions contributed by subject matter experts.
Oil edges up in quiet holiday trade, focus on crude glut
(Reuters) — Oil prices rose slightly on Monday, paring steep losses from last week, but the market remained cautious as increases in US drilling activity have undercut an OPEC-led push to tighten supply.
ADNOC, OMV sign MoU to support company’s downstream growth
ABU DHABI, UAE — His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the Austrian Federal Chancellor H.E. Christian Kern witnessed the signing of a Memorandum of Understanding between Abu Dhabi National Oil Company (ADNOC) and OMV AG (OMV).
Oversold: Oil traders punish OPEC for promising too much
VIENNA (Reuters) — As OPEC's latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other on its rare spirit of amity and consensus. The talks were, without a doubt, a success.
Plains weighs idling oil pipeline due to new competition
NEW YORK (Reuters) — Plains All American LP is considering idling its 1.2-MMbpd Capline pipeline, the nation's largest crude pipeline, as competing lines begin service, according to a bank report on the company's investor presentation this week.
OPEC oil cut extension renews Asia's crude supply worries
SINGAPORE (Reuters) — The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go hunting for crude.
- 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
