Europe
Oil slides as US pumps more, but OPEC and North Korea loom
LONDON (Reuters) -- Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production.
Russia's Transneft says oil supply schedule for Belarus in 2Q 2017
MOSCOW (Reuters) -- Russia will supply 5 MMt of oil to Belarus in the second quarter, down from 6 MMt seen previously, Russian oil pipeline monopoly Transneft said on Friday.
Nitrous gases briefly released at BASF plant after breakdown
BERLIN (Reuters) -- German chemicals company BASF said it had shut down one of its facilities at its main Ludwigshafen site after a breakdown at the facility led to a brief release of nitrous gases (NOx).
Linde-Praxair merger deal falls behind schedule
MUNICH, Germany (Reuters) -- Linde and Praxair's $65 B merger talks are facing legal complexities that mean the agreement will not be finalized as planned before Linde's annual shareholder meeting on May 10, a source familiar with the situation said.
Pakistan's PARCO to upgrade refinery using Honeywell technologies
DES PLAINES, Ill. -- Honeywell announced that Pak-Arab Refinery Limited (PARCO) will use technologies from Honeywell UOP and Honeywell Process Solutions to upgrade its Mid-Country Refinery near Multan, Pakistan, enabling it to meet growing domestic demand for cleaner-burning fuels.
Uniper's ULSFO facility in Fujairah sends cargoes to Europe, Asia
DUBAI (Reuters) -- Supplies of ultra-low-sulfur fuel oil (ULSFO) from the United Arab Emirates are becoming commonplace as Uniper ramps up production at its Fujairah facility, commissioned since the start of the year.
OPEC figures show oil output cuts exceed pledge in March
DUBAI/LONDON (Reuters) -- OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut in eight years.
Total-Hanwha JV to invest $450 MM on refining and petrochemicals platform
PARIS (Reuters) -- French oil and gas company Total said on Wednesday that its South Korean JV with Hanwha will invest $450 MM in the group's refining and petrochemicals platform to expand capacity in order to meet growing demand from China.
OMV to invest $116.7 MM in petchem units at Schwechat refinery
VIENNA (Reuters) -- Austrian oil and gas group OMV will pay $116.7 MM for a planned turnaround at the petrochemical units of its Schwechat refinery which will start in the middle of this month, it said on Tuesday.
OPEC's war on oil overhang starts to bear fruit
LONDON (Reuters) -- OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.
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