Crude oil
US expands imports of Nigerian oil as refiners turn to West African crudes
Nigeria was the fourth-largest supplier of foreign crude to the US last week, displacing Mexico and also competing with Iraq and Colombia, according to preliminary figures from the EIA.
US gasoline inventories fall as refiners cut rates
Refinery crude runs fell by 176,000 bpd, while utilization rates dropped by 0.6 percentage points. Gasoline stocks fell by 4.6 million bbl, well above expectations for a 1.5-million bbl drop.
Saudi Arabia leaves US shale-processing plants to Shell in Motiva split
The refineries in Port Arthur, Texas, and Convent, Louisiana, had been growing apart for several years before the companies recently announced plans to split ownership.
Chinese refiners help boost crude imports from Saudi Arabia, Russia
China's total oil imports rose about 20% on year to the highest ever on a daily basis in February, when near 10-year low global oil prices drove buying from a group of new importers.
Saudi Aramco looks to expand Asian downstream investments: CEO
Nasser said the Saudi oil giant is looking to expand its downstream investments in China, Malaysia, India, Vietnam and Indonesia. He was speaking at the China Development Forum in Beijing.
Nigeria turns to crude swaps to ease domestic gasoline shortages
While the country is Africa's biggest oil producer, it is almost entirely reliant on imports for oil products, especially gasoline, after successive governments allowed its refineries to fall into disrepair.
Crude sets new 2016 highs as US expects strong summer fuels demand
"We are leaving the period of low demand and starting to move toward the period when demand increases over the summer," said Olivier Jakob, oil market analyst at Petromatrix in Switzerland.
Russia’s oil producers raise sales to Asian refiners
"Russian crude is really attractive to us due to its fast delivery time and also cheap prices," said a spokeswoman from SK Innovation, which owns South Korea's largest refiner.
US oil, gasoline prices slide amid supply concerns
US crude was off $1.21, or 3%, at $35.97/bbl. US gasoline futures, also known as RBOB, fell for a second straight day too, sliding 2% to $1.3970/gal.
China’s refiners raise rates over early 2015 levels
The preliminary implied oil demand shown here is the sum of domestic refinery throughput in China and net imports of refined products, on a bpd basis.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- China's November fuel oil imports up 15% from October 12/22
- API releases new recommended practice for the safe transport of CO2 by pipeline 12/22
