Americas
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.
Fluor awarded contract for two Marathon refineries in Texas
IRVING, Texas – Fluor Corporation announced that it was selected by a division of Marathon Petroleum Corporation to execute the engineering and procurement scope for a major reconfiguration at Marathon’s Galveston Bay and Texas City, Texas refineries. Fluor will book the undisclosed contract value into backlog in the first quarter of 2017.
EIA: US crude oil imports increased in 2016
Gross US crude oil imports in 2016 rose to an average of 7.9 MMbpd, 514,000 bpd more than the 2015 average. Net crude oil imports increased by a smaller amount (460,000 bpd), as US crude oil exports rose despite a decline in US crude oil production.
YPF among bidders for Shell's Argentina refinery
BOSTON/BUENOS AIRES (Reuters) -- Argentina’s state-run oil company YPF SA is among the bidders for Royal Dutch Shell Plc's refinery and network of gasoline stations in Argentina, according to two people familiar with the process.
Air Liquide to supply hydrogen purification technology for methanol production complex
Air Liquide Engineering and Construction will supply a hydrogen purification Pressure Swing Adsorption (PSA) unit to one of the largest methanol production facilities to be built by Yuhuang Chemical Inc in St. James Parish, La., as per recently signed agreement. Purified hydrogen will enable higher efficiency of methanol production, with less natural gas consumption per ton of methanol.
Oil rises towards $56 on Libyan field shutdown, Syria
NEW YORK (Reuters) -- Oil rose toward $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield over the weekend and geopolitical tensions following last week's US missile strike on Syria.
EIA: US energy-related CO2 emissions fell 1.7% in 2016
US energy-related carbon dioxide (CO2) emissions in 2016 totaled 5,170 MMmt, 1.7% below their 2015 levels, after dropping 2.7% between 2014 and 2015. These recent decreases are consistent with a decade-long trend, with energy-related CO2 emissions 14% below the 2005 level in 2016.
Facing fuel shortage in Cuba, Havana diplomats roll up sleeves
HAVANA (Reuters) -- When they are not tending to international affairs, diplomats based in Havana can be found these days stewing in interminable queues at gas stations and concocting ways to increase the octane in fuel as Cuba's premium gasoline shortage takes its toll.
Oil hits one-month high after US missile strike in Syria
LONDON (Reuters) -- Oil prices hit a one-month high on Friday after the United States fired missiles at a Syrian government airbase, sending shockwaves through global markets and raising concerns that the conflict could spread in the oil-rich region.
AFPM challenges decision on tank car surcharge
WASHINGTON -- The American Fuel & Petrochemical Manufacturers (AFPM) filed a petition for review in the US Court of Appeals for the D.C. Circuit, challenging the Surface Transportation Board's (STB) dismissal of its complaint against the surcharge imposed by BNSF Railway Company on DOT-111 tanks cars carrying crude oil.
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- Saudi Arabia was top buyer of Russian fuel oil and VGO in November 12/23
- Digital Exclusive (sponsored): NXRe™: A novel recycling technology to support the plastics industry in creating efficient and effective circular value chains 12/22
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
