Crude oil
Oil dips from highs but OPEC cuts still support market
SINGAPORE/LONDON (Reuters) — Oil prices dipped on Friday but stayed near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual.
Mexico oil regulator expects to give Trafigura contract for crude trading
MEXICO CITY (Reuters) — Mexico's oil regulator is expected to assign oil trader Trafigura a 3-yr contract to commercialize crude the government obtains from the new scheme of contracts derived from an energy reform, the national regulator said on Thursday.
Oil falls as UK North Sea oil pipeline moves closer to restart
LONDON (Reuters) — Oil prices fell on Thursday after the operator of Britain's Forties pipeline in the North Sea said it was expected to restart in early January after repairs over Christmas.
Belgian tanker group Euronav to buy US rival Gener8 Maritime
LONDON (Reuters) — Tanker operator Euronav is to buy US rival Gener8 Maritime to create one of the world's top oil shipping fleets, the companies said on Thursday, in an all-stock deal worth an estimated $490 MM.
OPEC starts working on oil supply cut exit strategy
LONDON/DUBAI (Reuters) — OPEC has started working on plans for an exit strategy from its deal to cut supplies with non-member producers, two OPEC sources said, a sign that an eventual winding down of the deal is coming onto producers' radar, at least in theory.
UK's Forties North Sea oil pipeline due to restart in early Jan
LONDON (Reuters) — Britain's Forties oil and gas pipeline, one of the biggest in the North Sea, should be repaired around Christmas, its operator Ineos said on Thursday, the earlier end of a timeframe the company gave to carry out the work.
Ineos presses ahead with crude pipeline repairs
LONDON (Reuters) — Ineos said repairs to Britain’s Forties crude pipeline were underway on Wednesday, after a crack was found that closed the pipeline on Dec. 11.
Rosneft does not rule out global oil output cuts extended beyond 2018
SOCHI, Russia (Reuters) — A global deal to cut oil production could be extended beyond 2018, Pavel Fedorov, first vice-president of Russia's largest oil producer Rosneft said on Monday, presenting the company's strategy through to 2022.
PDVSA at risk of losing Bonaire terminal over maintenance delay
HOUSTON (Reuters) — Venezuela’s PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government spokeswoman said on Tuesday.
Enterprise to implement additional crude oil quality specs at Cushing terminal
HOUSTON — Enterprise Products Partners L.P. announced that it will adopt five new quality specifications for sweet crude oil, also referred to as West Texas Intermediate (WTI) at its terminal in Cushing, Oklahoma. Enterprise’s Cushing terminal is a physical delivery point for NYMEX WTI futures.
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