Crude oil
Industry Metrics
A lack of gasoline export opportunities amid increasing inflows of middle distillates impacted the European market. Stronger US domestic gasoline demand and falling inventories ahead of the transition to summer-grade quality supported refinery margins. The Asia market was impacted by a stronger domestic gasoline demand amid an upcoming switch to summer grades.
Continuous corrosion monitoring of crude overhead systems
The growing availability of light tight oils (LTOs) is resulting in a choice for refiners between upgrading metallurgy or chemical inhibition and corrosion monitoring to manage the increased corrosion risk. With tight budgetary constraints in place, many oil companies are opting for chemical inhibition and online corrosion monitoring.
Saudi Aramco to boost oil loading capacity with reopened terminal
DHAHRAN, Saudi Arabia (Reuters) -- State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil terminal on the Red Sea next year, lifting its total loading and export capacity to as much as 15 MMbpd, Saudi officials said.
Iran gets positive output cut signals from OPEC, NON-OPEC states
TEHRAN (Reuters) -- Iran's Oil Minister said on Saturday OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.
OPEC output cuts whet Asia's appetite for North Sea oil
LONDON/SINGAPORE (Reuters) -- OPEC production cuts have created record Asian demand for European oil and made China the second biggest consumer of North Sea crude as flows from its usual Middle East suppliers dip.
How North Korea gets its oil from China: lifeline in question at UN meeting
BEIJING (Reuters) -- As the United Nations Security Council decides whether to tighten the sanctions screws on North Korea, the country's increasingly isolated government could lose a lifeline provided by state-owned China National Petroleum Corp (CNPC).
Next battleground: An aging Great Lakes pipeline stirs new protest
CALGARY, Alberta (Reuters) -- The growing protest movement against US oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes.
Maiden Bakken oil cargo to Asia ships out, with more to come
NEW YORK (Reuters) -- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.
Prices stable but visitors see some gas stations shut in N. Korea
SEOUL (Reuters) -- Some of North Korea's state-run petrol stations are restricting sales or appear to have closed, visitors said on Wednesday, ahead of a UN Security Council meeting to discuss tougher sanctions on the isolated state that could include curbs on oil imports.
Oil dips on doubts over OPEC's ability to reduce inventories
LONDON (Reuters) -- Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.
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