Crude oil
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.
UN mulls US push for N.Korea oil embargo, textile export ban
UNITED NATIONS (Reuters) — The United States wants the United Nations Security Council to impose an oil embargo on North Korea, ban the country's exports of textiles and the hiring of North Korean laborers abroad, and subject leader Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday.
Secure Energy developing feeder pipeline system, terminal
CALGARY — Secure Energy Services Inc. announced further growth of its midstream infrastructure through the construction of a light oil feeder pipeline system and receipt terminal in the Kindersley-Kerrobert region of Saskatchewan.
Essar Oil UK to spend $250 MM upgrading Stanlow refinery
NEW DELHI/MUMBAI (Reuters) — Essar Oil UK expects a $250-MM upgrade of its Stanlow refinery in northwest England to improve its basic profit margin by $1/bbl as it will be able to process a greater variety of cheaper crude oils and raise output, its chief executive said on Wednesday.
Oil up after Harvey fallout, but Hurricane Irma heads to Caribbean
LONDON (Reuters) — Oil prices rose on Wednesday as strong global refining margins and the reopening of US Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey.
Asian traders look to snap up US crude in wake of Hurricane Harvey
SINGAPORE (Reuters) — Some oil traders in Asia are looking to snap up crude cargoes from the United States after Hurricane Harvey closed US refineries, denting local demand and pushing out the price spread between U.S and Atlantic Basin crude benchmarks.
Magellan Midstream to construct Delaware Basin crude oil, condensate pipeline
TULSA, Okla. — Magellan Midstream Partners, L.P. announced it is commencing construction of a new Delaware Basin pipeline originating in Wink, Texas to handle crude oil and condensate.
Russia says its oil supplies to North Korea are negligible
XIAMEN, China (Reuters) — President Vladimir Putin said on Tuesday that Russian oil supplies to North Korea were negligible, responding to heightened international scrutiny of the ties between Moscow and the leadership in Pyongyang.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
