Americas
After OPEC cuts heavy oil, China teapot refiners pull US supply to Asia
SINGAPORE/HOUSTON (Reuters) -- Chinese independent, or teapot, refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by OPEC's output cuts and ample supplies in Canada and the United States.
Fire hits California refinery; local gasoline prices could rise
(Reuters) -- An explosion and fire at an oil refinery in Torrance, California, on Saturday forced the partial shutdown of the plant, leading oil traders to expect a spike this week in West Coast gasoline prices.
US gasoline margins hit 1-year low on oversupply fears
NEW YORK (Reuters) -- US gasoline margins fell by more than 11% early on Friday, hitting one-year lows as record inventories and signs of weakening demand dampen expectations and upend trade flows.
Meridian Energy signs MoU for the purchase, distribution of refinery products
BELFIELD, North Dakota – Meridian Energy Group, Inc., the leading developer of innovative solutions for a cleaner, environmentally-compliant oil refinery, announced today that it has recently entered into Memoranda of Understanding with local and regional petroleum product distribution firms, under which these firms will purchase and distribute up to 268 million gallons per year of refined products from the Davis Refinery, Meridian’s greenfield refinery proposed for Billings County, near Belfield, ND.
Study reveals cybersecurity readiness gaps in US oil and gas industry
A survey of US oil and gas cybersecurity risk managers indicates that the deployment of cybersecurity measures in the industry isn’t keeping pace with the growth of digitalization in oil and gas operations. In a study from the Ponemon Institute – The State of Cybersecurity in the Oil & Gas Industry: United States – just 35% of respondents rated their organization’s operational technology (OT) cyber readiness as high.
Governor orders evacuation of Dakota pipeline protest camp
(Reuters) -- The governor of North Dakota ordered protesters on Wednesday to evacuate a demonstration camp near the site of the Dakota Access Pipeline in the latest move to clear the area that has served as a base for opposition to the multibillion dollar project.
Crews clean up small illegal crude oil dump in Saskatchewan
CALGARY, Alberta (Reuters) -- Crews have cleaned up 95% of what appears to be an intentional crude oil spill from a large transport vehicle into a ditch near Lloydminster, Saskatchewan, local authorities said on Wednesday.
Fuel sales in Brazil fell 4.5% in 2016
RIO DE JANEIRO (Reuters) -- Brazilian fuel sales fell to 135 billion liters in 2016, down 4.5% compared to the previous year, led by a sharp drop in sales of hydrate ethanol, national oil agency ANP said on Thursday.
Republican Senator opposes Pruitt for US EPA chief
WASHINGTON (Reuters) -- Republican US Senator Susan Collins of Maine said on Wednesday she would oppose Oklahoma Attorney General Scott Pruitt's nomination to head the Environmental Protection Agency, citing his numerous lawsuits against the agency.
EIA: US crude and gasoline stockpiles hit record highs
(Reuters) -- US crude oil and gasoline inventories soared to record highs last week as refineries cut output and gasoline demand softened, the Energy Information Administration said on Wednesday.
- 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
