Americas
EIA: US crude stocks jump, gasoline inventories plunge
(Reuters) -- US crude oil inventories surged last week to another record high, while gasoline stocks went the other direction, posting their largest one-week drop in nearly six years, the Energy Information Administration said on Wednesday.
Union threatens strike at Saskatchewan refinery as talks stall
CALGARY, Alberta (Reuters) -- Workers at the 130,000-bpd Co-op Refinery Complex in Regina, Saskatchewan, could go out on strike by the end of March after pay and pension negotiations with management broke down, a union representative said on Tuesday.
Oil-for-loan debts cost Venezuela's PDVSA hard-won India market share
CARACAS/HOUSTON/NEW DELHI (Reuters) -- Venezuela's state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist leader Hugo Chavez with cries of "Viva!"
CERAWeek '17: Motiva CEO discusses impact of border tax, US regulations
Implications of a proposed border tax could create higher crude and product prices, inflated margins and increased operating costs for the US refining industry, Dan Romasko, president and CEO of Motiva Enterprises said during a panel discussion at CERAWeek Tuesday, March 7.
US Judge rules against tribes seeking to stop Dakota pipeline
(Reuters) -- A US judge on Tuesday ruled against native tribes seeking to stop the Dakota Access Pipeline from moving forward on the basis that it would prevent them from practicing religious ceremonies, as legal options for opponents of the project narrow.
Teel Plastics utilizing Kepware connectivity platform as IoT solution
PORTLAND, Maine -- Kepware, a PTC business developing industrial connectivity software, announced today that Teel Plastics, Inc. is utilizing the IoT Gateway for the KEPServerEX platform as its Internet of Things (IoT) solution. KEPServerEX provides Teel Plastics with a single source for industrial data—enabling increased productivity and product quality, reduced human errors and downtime, and a scalable IoT strategy.
Saudi Aramco, Shell to separate Motiva assets
HOUSTON -- Saudi Arabian Oil Company and Royal Dutch Shell plc announce the signing of binding definitive agreements between Saudi Refining, Inc. -- a wholly owned subsidiary of Saudi Aramco -- and SOPC Holdings East LLC -- a US downstream subsidiary of Shell -- on the separation of assets, liabilities and businesses of Motiva Enterprises LLC.
Exxon to invest $20 B on US Gulf Coast refining projects
HOUSTON (Reuters) -- ExxonMobil Corp, the world's largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the US Gulf Coast.
CERAWeek ’17: IEA expects global oil demand to rise, outpace supply after 2020
HOUSTON -- Global oil demand will continue to rise in the next five years, dominated by India and Asia, the International Energy Agency said Monday, March 6, during the first day of CERAWeek in Houston.
Oil whipsaws as production seen rising, more OPEC cuts discussed
NEW YORK (Reuters) -- Oil prices whipsawed Monday, turning negative after the International Energy Agency forecast potential shale oil growth and waning European refined product demand, which bodes poorly for global efforts to remove a glut.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
