Crude oil
IEA says strong oil demand growth helping market rebalance
LONDON (Reuters) — World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday.
Iraq wants to reopen old Saudi crude exports pipeline
DUBAI (Reuters) — Former Iraqi oil minister Ibrahim Bahr Al Olum said it was necessary for Iraq to regain an old pipeline that used to export Iraqi crude through Saudi Arabia, Saudi-owned Al Hayat newspaper reported on Thursday.
OPEC expects laggards to comply more fully with oil cut pact
DUBAI/LONDON (Reuters) — OPEC expects greater adherence to its pact with non-OPEC producers to cut oil output after two days of meetings in Abu Dhabi aimed at boosting compliance with the accord.
S.Korea's SK Energy buys 1st US crude oil in move away from Middle East
ULSAN, South Korea (Reuters) — South Korea's top refiner SK Energy is buying its first-ever continental US crude oil shipment as producer club OPEC's output cuts raise MidEast prices, giving other suppliers a chance to compete for the world's juiciest oil market—Asia.
Saudi Arabia cuts crude oil allocations in Sept by more than its OPEC pledge
DUBAI/SINGAPORE (Reuters) — Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 bpd, an industry source said on Tuesday, as the top oil exporter makes good on its pledge to help rein in a global supply glut.
Keystone XL pipeline fate in balance as Nebraska opens hearings
LINCOLN, Neb. (Reuters) — Nebraska regulators opened a final hearing on TransCanada Corp’s proposed Keystone XL pipeline on Monday, a week-long proceeding that marks the last big hurdle for the long-delayed project after President Donald Trump approved it in March.
Uganda, Tanzania start work on construction of $3.5 B oil pipeline
TANGA, Tanzania (Reuters) — The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55 B-crude export pipeline that would pump Ugandan oil for international markets.
OPEC supply-cut compliance runs up against ire over country targets
DUBAI/LONDON (Reuters) — OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017, but with laggards Iraq and the UAE yet to show how they can meet their prescribed targets, sources say a refocusing on exports may be the key to further progress.
Nigeria to legalize mini refineries, supply them with crude
ABUJA (Reuters) — Nigeria will legalize currently outlawed mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the presidency said on Thursday, fulfilling demands from community leaders.
Quanta selected by Enbridge Pipelines for line 3 replacement program in Canada
HOUSTON — Quanta Services, Inc. announced that it was selected by Enbridge Pipelines Inc. for two spreads of the Canadian section of the Line 3 Replacement Program.
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- 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
