Crude oil
Iran leapfrogs Iraq as India's No. 2 oil supplier in February
NEW DELHI (Reuters) -- India's oil imports from Iran rose nearly 17% in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, shipping data showed on Monday.
API: State of Energy in Colorado event highlights state’s role in US energy renaissance
DENVER – The Colorado Petroleum Council hosted the second annual State of Energy in Colorado event in Denver to discuss the future of oil and natural gas development in Colorado with American Petroleum Institute President and CEO Jack Gerard, Governor John Hickenlooper, and Mayor Michael Hancock.
EIA: Norway’s Troll crude oil to be included in Brent price assessment
The method for assessing the Brent global benchmark crude oil price is scheduled to change in 2018. The Brent price benchmark reflects transactions involving physical cargoes of several specific grades of crude oil in the North Sea, located between the United Kingdom and Norway.
China's CEFC courts ‘teapots’ for first domestic refinery acquisition
BEIJING (Reuters) -- Privately-run conglomerate CEFC China Energy has approached several independent Chinese oil processors seeking to acquire its first domestic refinery operation, its next move towards becoming a global integrated oil player.
Iraq exports 3.320 MMbpd oil in Jan, 3.269 MMbpd in Feb, ministry says
BAGHDAD (Reuters) -- Iraq's daily oil exports stood at 3.269 MMbpd in February and 3.320 MMbpd in January, the oil ministry said in an emailed statement on Thursday.
US crude oil slumps below $50 after stocks build
LONDON (Reuters) -- Oil prices fell on Thursday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite OPEC-led supply cuts.
China's February crude oil imports hit second highest on record
BEIJING (Reuters) -- China's crude oil imports rose to the second-highest level on record in February, as strong demand from independent "teapot" refiners continues to drive growth.
Saudi Aramco to supply full crude contract volumes to Asia
TOKYO (Reuters) -- Saudi Aramco will supply full contract volumes of crude oil to multiple Asian buyers in April, three industry sources with knowledge of the matter said.
CERAWeek '17: India poised to become an emerging energy powerhouse
HOUSTON—At a late-morning panel on Wednesday at CERAWeek by IHS Markit, government officials and strategists discussed India's evolving role in the global gas market. The panel was moderated by Gauri Jauhar, Director of Consulting and Research (Chair) at IHS Markit.
EIA: US crude stocks jump, gasoline inventories plunge
(Reuters) -- US crude oil inventories surged last week to another record high, while gasoline stocks went the other direction, posting their largest one-week drop in nearly six years, the Energy Information Administration said on Wednesday.
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- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
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- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
