Crude oil
EIA: Higher US crude output to cap oil prices through 2018
NEW YORK (Reuters) -- Higher crude output from the United States should limit any upside to global oil prices through the end of 2018, the US government said on Tuesday, ahead of a meeting of major oil producers later this month to discuss extending supply cuts.
Russia boosts Urals oil flow to India as OPEC cuts output
MOSCOW (Reuters) -- Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up prices, traders said and shipping reports showed on Wednesday.
Calumet announces launch of uninhibited transformer oil
INDIANAPOLIS -- Calumet Specialty Products Partners, L.P., an independent producer of specialty hydrocarbon and fuel products, announced the launch of CALTRAN 60-00 Group U, a product that is the company's first uninhibited transformer oil.
EIA: New pipeline infrastructure should accommodate rise in Permian oil
As crude oil production in the Permian Basin of western Texas and eastern New Mexico has increased, pipeline infrastructure has also increased to deliver this crude oil to demand centers on the US Gulf Coast.
Oil prices slip as rising US drilling offsets OPEC-led cuts
LONDON (Reuters) -- Oil prices slipped on Monday, reversing gains made earlier in the session as evidence of rising US drilling offset news that OPEC and other producers may extend their production cuts.
Oil tanker firm DHT Holdings rejects another bid by rival Frontline
OSLO (Reuters) -- Tanker firm DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline, calling the $500 MM all-share bid "woefully inadequate."
Saudi energy minister says may extend oil output cuts beyond 2017
KUALA LUMPUR (Reuters) -- Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC-led deal to cut output during the first half of the year to be extended to all of 2017.
China's crude oil imports ease from record, fuel exports fall
BEIJING (Reuters) -- China's crude oil imports eased in April from March's record high as refiners processed less oil during a heavy maintenance season, while exports of refined fuel fell by a quarter from a month earlier due to quota reductions.
ConocoPhillips to lay off 300 in Canada oil sands pullback
CALGARY, Alberta (Reuters) -- ConocoPhillips will lay off 300 Canadian workers after selling most local assets to domestic crude producer Cenovus Energy Inc, the Houston-based company said on Thursday.
Mexico oil theft clash leaves at least 10 dead, including four soldiers
MEXICO CITY (Reuters) -- At least four soldiers and six suspected oil thieves died in a battle in the central Mexican state of Puebla, authorities said on Thursday, as the army launched a major operation against organized criminals who siphon fuel from pipelines.
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- 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
