Europe
Oil hits six-week low as OPEC fails to curb oversupply
LONDON (Reuters) — Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts.
Chinese traders ship jet fuel from Singapore to Europe
SINGAPORE (Reuters) — Chinese traders are shipping jet fuel from Singapore to Europe even as domestic demand in China is set to strengthen during summer season air travel, industry sources said.
Munich, home to BMW, considers diesel ban to tackle pollution
FRANKFURT (Reuters) — Munich, home to carmaker BMW , has become the latest German city to consider banning some diesel vehicles amid "shocking" nitrogen oxide emissions in the Bavarian capital.
INEOS to construct PDH unit, increase cracker facilities capacity
INEOS has announced plans to construct a world-scale Propane Dehydrogenation (PDH) unit in Europe. The plant will produce 750,000 tpy of propylene for INEOS units across the continent.
Porvoo is first city in Finland to use Neste renewable diesel in all diesel vehicles
Porvoo is the first city in Finland to start using Neste MY Renewable Diesel, produced 100% from waste and residues, in all of its diesel-fueled vehicles during this year. The municipal engineering department of Porvoo and the free summer bus Rinkeli will start using the product immediately.
Petroplan awarded services contract by Sasol
LONDON — Global oil and gas recruitment specialist, Petroplan, announced they have been awarded a contract to provide consultancy and managed services in the UK, South Africa and Mozambique for international integrated chemicals and energy company Sasol.
China's Unipec to ship jet fuel from Asia to Europe in rare move
SINGAPORE (Reuters) — China's Unipec, the trading arm of state oil major Sinopec, is planning to ship jet fuel from Asia to Europe for the first time in several years, three industry sources told Reuters.
Oil comeback for cut-exempt producers threatens to swamp OPEC
LONDON (Reuters) — OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exempt from a global production-cutting deal, is swamping the Atlantic Basin.
Oil shrugs off geopolitical tensions but some see red flags
LONDON (Reuters) — The oil price has ignored rising geopolitical tensions in the Middle East, as a three-year old crude surplus has wiped out any real fear over supply, but one of the world's largest security consultants says there are red flags the market cannot ignore.
Hydrocarbon Processing Awards recognize best in HPI
The downstream industry’s brightest minds gathered Wednesday evening to celebrate the winners of the 2017 Hydrocarbon Processing Awards.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
