Environment & Safety Gas Processing/LNG Maintenance & Reliability Petrochemicals Process Control Process Optimization Project Management Refining

Crude oil

Rosneft board approves oil deal with China's CEFC

BEIJING (Reuters) — Russia's Rosneft has approved a 2018 deal to supply CEFC China Energy about 12 MMt of crude oil as part of the Chinese firm's $9.1 B investment in the Russian oil major, a Chinese source with direct knowledge of the matter said on Thursday.

EIA: US Crude oil, gasoline stocks up unexpectedly in latest week

(Reuters) — US crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday.

Venezuela's PDVSA to tap oil customers to pay $449 MM to ONGC

NEW DELHI (Reuters) — Venezuela's national oil company PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 MM owed to India's ONGC Videsh Ltd, the Indian company said in a statement on Wednesday.

Kinder Morgan Canada appeals again over Trans Mountain pipeline

CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd has again appealed to the country's energy regulator, asking it to set up a process to resolve potential disagreements over local permits for its planned Trans Mountain oil pipeline expansion project.

S.Korea's Oct crude oil imports from Iran down 9.5% on-month

SEOUL (Reuters) — South Korea's imports of Iranian crude oil fell 9.5% in October from the previous month as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.

EIA: Russia exports most of its crude oil production, mainly to Europe

Russia exported more than 5.2 MMbpd of crude oil and condensate and more than 2.4 MMbpd of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016.

China's crude oil processing runs in October rise to 2nd highest on record

BEIJING (Reuters) — China’s refiners raised crude oil processing runs to near record monthly levels in October as refining margins jumped after the country’s state planner hiked prices for gasoline and diesel at the pump.

IEA: Warmer weather may tilt oil market into surplus as demand slows

LONDON (Reuters) — Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus in the first half of next year, the International Energy Agency said on Tuesday.

Oil steady near 2-yr highs, US supply increase caps rise

LONDON (Reuters) — The Brent oil price was steady at close to two-year highs on Monday, with support from Middle East tensions and record long bets by fund managers balanced by rising US production.

China CNPC completes domestic pipeline to receive more Russian oil

(Reuters) — China National Petroleum Corp completed the last welding of a 941.8-km pipeline in northeast China, ready to start taking Russian oil from Jan. 1, the state energy group said late on Sunday.