Crude oil
EIA: US crude inventories fall for eighth week to Jan 2016 low
(Reuters) — US crude oil stocks last week fell for an eighth consecutive week to their lowest since January 2016, while gasoline stocks declined more than anticipated, the Energy Information Administration said on Wednesday.
Russia remains China's top oil supplier for 5th month in a row in July
BEIJING (Reuters) — Russia held its spot as China's top crude oil supplier for a fifth month in a row in July, with shipments up 54% over a year earlier, data showed on Wednesday.
North American exodus at PetroChina sparks speculation of company shift
NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region.
Oil prices climb as traders eye another US crude drawdown
NEW YORK (Reuters) — Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field.
Shell lifts its first crude cargo from Libya in 5 yr
DUBAI (Reuters) — Royal Dutch Shell has lifted a cargo of 600,000 bbl of crude oil from Libya's Zueitina port, its first from the war-torn north African country in 5 yr, two industry sources told Reuters on Saturday.
Vopak JV to expand liquid storage terminal in Malaysia
Royal Vopak and its JV partners intend to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia. PITSB will be expanded with 430,000 cbm to a total capacity of 1.7 MMcm.
Pin Oak Terminals opens multi-product liquid marine terminal
Pin Oak Terminals, LLC opened the new multi-product liquid marine terminal at Pin Oak’s site in Mt. Airy, Louisiana. This is following key investment from Mercuria Energy Group Ltd. in the previous months.
EIA: Danish, Turkish Straits critical to Europe’s crude oil, petroleum trade
The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 MMbpd in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply.
Vietnam crude oil imports to hit record as refinery gets ready to start
SINGAPORE (Reuters) — Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.
EIA: US crude stockpiles fall the most in nearly a year
NEW YORK (Reuters) — US crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year while exports and production continued to rise, the Energy Information Administration said on Wednesday.
- 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
