Crude oil
Syncrude Canada makes further cuts to June output forecast
CALGARY, Alberta/NEW YORK (Reuters) — Canadian synthetic crude differentials strengthened on Thursday, as market sources said June production forecasts at the Syncrude oil sands project in northern Alberta were trimmed yet again.
Oil shrugs off geopolitical tensions but some see red flags
LONDON (Reuters) — The oil price has ignored rising geopolitical tensions in the Middle East, as a three-year old crude surplus has wiped out any real fear over supply, but one of the world's largest security consultants says there are red flags the market cannot ignore.
China's $10 B strategic project in Myanmar sparks local ire
KYAUK PYU, Myanmar (Reuters) — Days before the first supertanker carrying 140 Mt of Chinese-bound crude oil arrived in Myanmar's Kyauk Pyu port, local officials confiscated Nyein Aye's fishing nets.
Oil pipeline protester convicted of burglary in Washington state
(Reuters) — A climate-change activist who disrupted the flow of millions of barrels of crude oil into the United States as part of a coordinated protest of global warming was found guilty of burglary in Washington state on Wednesday. But a Skagit County Superior Court jury deadlocked on a second charge of sabotage against Kenneth Ward, a co-founder of the Climate Disobedience Center.
Sinopec says did not receive order to relocate Yanshan oil refinery
BEIJING (Reuters) — China's Sinopec has not received a government order to relocate the Yanshan oil refinery, contradicting an earlier news report that the plant would be moved to develop the Xiongan New Area, the company said on Thursday.
UAE re-imposes port ban on Qatari-linked oil tankers
SINGAPORE (Reuters) — Abu Dhabi Petroleum Ports Authority has re-imposed a ban on oil tankers linked to Qatar calling at ports in the United Arab Emirates, reversing an earlier decision to ease restrictions, and potentially creating a logjam of crude cargoes.
EIA: US remains the world’s top producer of petroleum, natgas hydrocarbons
The US remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels.
Tankers load Qatari crude along with UAE oil as shipping ban eases
SINGAPORE (Reuters) — Exports of Qatari crude oil have not been hindered by a port ban imposed by other Gulf states as tankers are loading Qatari grades along with cargoes from the United Arab Emirate, shipping data in Thomson Reuters Eikon showed on Wednesday.
Venezuelan refinery reels as PDVSA ships light oil to Cuba, Curacao
(Reuters) — Venezuela's 187,000-bpd Puerto la Cruz refinery is running at 16% of capacity, mainly due to a lack of light oil as state-run PDVSA ships a portion of its Mesa 30 crude to Cuba and Curacao, according to internal trade reports and workers.
Platts restricts Qatari-loading crude in pricing process
SINGAPORE/LONDON (Reuters) — Oil pricing agency S&P Global Platts said it will not automatically include Qatari-loading crude in its Middle East benchmark after Saudi Arabia and some other Arab states cut ties with Doha, a move that disrupted traditional shipping routes.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France 11/25
- Hexagon collaborates with Microsoft to enhance industrial operations 11/25
- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
- DNV certifies first CO2 storage site in Middle East for ADNOC CCS project 11/25
