Americas
For North Korea, cutting off oil supplies would be devastating
BEIJING/SEOUL (Reuters) -- Isolated North Korea doesn't consume much oil, but curbing or cutting off its supplies in retaliation for further nuclear or long-range missile tests would be painful and potentially destabilizing to the regime of Kim Jong Un.
Enterprise sets record for volumes at Texas gulf coast marine terminals
HOUSTON -- Enterprise Products Partners L.P. announced that the combined exports and imports of hydrocarbons across its marine terminals, including 18 deepwater docks along the Texas Gulf Coast, totaled a record 146 MMbbl on a gross basis during the first quarter of 2017.
Pipeline operator NuStar to buy Navigator Energy for $1.48 B
(Reuters) -- US pipeline operator NuStar Energy LP said on Tuesday it would buy privately held Navigator Energy Services LLC for about $1.48 B, as it seeks to expand into the Permian basin.
N.J. man sentenced to 5 yr prison for biodiesel fraud
WASHINGTON (Reuters) -- The owner of a New Jersey feedstock processor was sentenced to five years in prison for his role in a scheme that generated fraudulent tax and renewable fuel credits, the US Department of Justice said on Friday.
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.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
