Crude oil
Flint Hills celebrates 30 years in Corpus Christi
Since 1981, the year that Flint Hills Resources began operating in Corpus Christi, Texas, more than $3.1 billion in projects have been completed.
Lukoil boosts fuel quality with new coker
Russia's second-biggest oil firm, Lukoil, recently installed a coking unit at its Volgograd refinery to increase the quality of its fuels.
US Gulf needs more oil pipeline projects following Seaway reversal - report
The acquisition by Canada's Enbridge of a 50% stake in the Seaway oil pipeline and the reversal of crude oil flows at the Cushing terminal will not end the need for additional investment in similar Gulf coast projects. Fitch Ratings believes that over the long term, TransCanada's Keystone XL project, while still subject to regulatory risk, is likely to proceed once State Department approval is received.
US October oil demand up 2.5% from 2010 - API
Total US petroleum deliveries (a measure of demand) rose 2.5% in October compared with October a year ago, according to new data from the American Petroleum Institute (API) trade group. "Our economy is growing modestly, and the overall demand numbers support that," the API said.
Energy minister urges Canada to diversify exports beyond US, include Asia
Canadian Energy Minister Joe Oliver said Friday the country must diversify its energy exports beyond the US to include Asia and China. He said Asian markets, in particular China, are ready buyers.
Seaway pipeline reversal to ease US Midwest oil supply glut
The decision to reverse the flow of a key oil pipeline should alleviate a supply bottleneck that has trapped crude in the Central US for the better part of this year. "What you're going to see is WTI more closely aligned with your global crude prices," said Brian Milne, refined fuels editor at Telvent DTN.
US NGL production to rise over 40% by 2016 - study
US natural gas liquids (NGL) production is expected to increase more than 40% over the next five years, according to a new joint market study from BENTEK Energy and Turner, Mason & Company (TM&C). Current levels of NGL infrastructure are inadequate to handle the surge in NGL production and significant new investment is needed to relieve bottlenecks, according to the authors.
Enbridge buys Conoco stake in US Seaway pipeline, will reverse crude oil flow
Enbridge has acquired ConocoPhillips’ 50% interest in the US Seaway Pipeline for $1.15 billion and has agreed with joint owner Enterprise Products to reverse the direction of crude oil flow, allowing it to carry discounted West Texas Intermediate (WTI) from Cushing, Oklahoma, to the US Gulf coast.
TransCanada CEO: Keystone XL still most competitive Gulf coast pipeline
TransCanada Corp. chief executive Russ Girling said Wednesday the Keystone XL pipeline is still the best alternative to bring Canadian crude to the US Gulf coast despite a delay and a re-route imposed by the US government last week. Girling also said Keystone's shippers remain supportive of the project, due to its progress through planning and regulation.
Enterprise Products cancels Wrangler pipeline plan
Enterprise Products said Wednesday it will cancel its Wrangler pipeline project in favor of reversing the Seaway pipeline to bring crude oil from Cushing, Okla. to the Gulf Coast. "For all intents and purposes, this project takes the place of Wrangler," the company said.
- Aster Chemicals declares force majeure at Singapore naphtha cracker 8/29
- Orlen signs 1-yr deal with Equinor for supply of 15% oil it uses 8/29
- Novatek partially resumed processing at Ust-Luga complex 8/29
- Phillips 66 to begin winding down Los Angeles-area refinery next week 8/29
- Update: Mexico's Minatitlan refinery back online, Olmeca still down 8/29
- SIBUR produces test batch of first hexane plant in Russia 8/28
