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Crude oil

Industry Metrics

Stronger demand and falling inventories allowed US gasoil cracking spreads to recover, while gasoline was supported by outages.

ExxonMobil forms JV with Sunoco Logistics to expand crude supply to its refineries

Sunoco Logistics Partners has formed a strategic JV with ExxonMobil, Permian Express Partners LLC., to combine certain of their key crude oil logistics assets.

OPEC output curbs could be undone by China slowing crude storage

The sharp drop in China's crude oil imports in October can be ascribed to a combination of factors, but one of them should be a red flag to OPEC, threatening the success of any deal to curb production.

US refinery margins rise in all five regions

Refining margins rose in all five US regional petroleum districts in the week ended November 4, according to Credit Suisse.

Genoil signs $50-B letter of intent to develop integrated oil project in Russia

Genoil Inc. has signed a $50-B letter of intent to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia.

Brazil's Petrobras to cut diesel, gasoline prices as oil falls

State-controlled Petróleo Brasileiro SA said it plans to cut diesel and gasoline prices at the refinery point, following a decline in oil prices.

China company signs MOU with BP to supply crude to Isla refinery

Commodity trader Guangdong Zhenrong Energy Co. has signed a memorandum of understanding (MOU) with BP for commercial cooperation on an oil refinery in the Caribbean.

Obama says US mulling alternate routes for North Dakota pipeline

President Barack Obama said the US government is examining ways to reroute an oil pipeline in North Dakota as it addresses concerns raised by Native American tribes protesting against its construction.

Saudi crude will continue to be supplied to PKN ORLEN refineries

PKN ORLEN has extended its contract with Saudi Aramco as a supplier of crude oil to its refineries in Poland, the Czech Republic, and Lithuania until December 31, 2017.

Industry Metrics

Hydrocarbon Processing Staff: Rhodes, Mike

US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.