Crude oil
Business Trends: The state of the global refining sector
Over the past few years, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).
Global: The slow closing of Africa’s refining technology gap
Technology gaps in the crude oil refining sector of sub-Saharan Africa (SSA) are making it difficult for crude oil processing plants to achieve energy efficiency, produce high-quality products or adhere to international carbon emissions requirements.
Iron poisoning investigations enable opportunities for success
The function of fluid catalytic cracking units (FCCUs) is to maximize profits from a given barrel of oil.
China invests $9.1 B in Rosneft as Glencore, Qatar cut stakes
MOSCOW/BEIJING (Reuters) — Chinese conglomerate CEFC will buy a 14.16% stake in Russian oil major Rosneft for $9.1 B from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing.
Oil steady as Irma heads for Florida, Saudi Arabia cuts supply
LONDON (Reuters) — Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean.
China's August crude oil imports hit 8-month low; independent refiners shut
BEIJING (Reuters) — China's crude oil imports rose 3.4% in August from the same month a year earlier but slid to their lowest monthly level since January, data showed on Friday, as some independent refiners closed for longer-than-expected maintenance amid a wave of government environmental inspections.
Kazakhstan may strike separate deal with OPEC on oil output curbs
ASTANA (Reuters) — Kazakhstan is aiming for a standalone deal with leading global oil producers on restraining its crude production due to a need to crank up output at its Kashagan field, a Kazakh official said on Thursday.
Buckeye Partners shuts Puerto Rico oil terminal ahead of Hurricane Irma
HOUSTON (Reuters) — Buckeye Partners has shut its Yabucoa oil terminal in Puerto Rico ahead of Hurricane Irma and is preparing for the storm at two other marine terminals in Florida and the Bahamas, the company said on Wednesday.
Hurricane Irma worsens Latin America's fuel supply crunch
HOUSTON (Reuters) — Monster Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin America which is struggling to meet demand since Hurricane Harvey disrupted shipments from the US Gulf Coast last month.
OPEC Aug crude oil exports fall; Jan–Aug still above yr-ago
SINGAPORE (Reuters) — Crude oil exports by the Organization of the Petroleum Exporting Countries (OPEC) in August were 25.19 MMbpd, their lowest level since April, according to Thomson Reuters Oil Research.
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