Crude oil
China demand drives Singapore oil storage sales to nearly a year-high
SINGAPORE (Reuters) -- Crude oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April.
E. Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts
NEW YORK (Reuters) -- Philadelphia Energy Solutions Inc, the largest refiner on the US East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June, a source familiar with delivery schedules said on Tuesday—a sign that the impending start of the Dakota Access Pipeline is upending trade flows.
Amec Foster Wheeler awarded oil shale fired CFB boilers contract in Jordan
LONDON – Amec Foster Wheeler announces today that it has been awarded a new contract by China Energy Engineering Group Guangdong Power Engineering Co., Ltd., for the design and supply of two circulating fluidized-bed (CFB) steam generator boilers, as well as technical advisory services.
Falling crude boosts Asia refining margins, spreads steady
DUBAI (Reuters) -- Asia's refining margin for 180-cst fuel oil against Dubai crude rose to a 5-week high on Tuesday, after crude oil prices slipped on expectations of rising US shale oil output in May.
China plans Shanghai crude oil futures launch in H2 2017
SINGAPORE/BEIJING (Reuters) -- China is looking at launching its crude oil futures in Shanghai in the second half of this year, two sources familiar with the matter said, breathing new life into a derivative that was considered shelved only months ago.
BP accuses Monroe Energy of wrongfully terminating contract
NEW YORK (Reuters) -- BP Plc has accused Monroe Energy of wrongfully terminating a crude supply contract in 2016, costing the oil major at least $59 MM in damages, according to a federal court filing.
Banned at sea: Venezuela's crude-stained oil tankers
HOUSTON/PUNTO FIJO, Venezuela (Reuters) -- In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters.
Iraq completes repairs at Basra oil jetty, loading operations resume
BASRA, Iraq (Reuters) -- Repair work at a Basra oil jetty damaged by a tanker collision last month were completed on Sunday, two officials at state-run South Oil Company told Reuters on Monday.
Oil slides as US pumps more, but OPEC and North Korea loom
LONDON (Reuters) -- Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production.
Fairway begins operations at Houston crude oil storage facility
HOUSTON – Fairway Energy Partners, LLC announced that it has commenced initial commercial operation at its Pierce Junction Crude Oil Storage Facility. The project will serve the Houston area’s crude oil storage needs driven by the growth of pipeline-delivered crude oil into and through the Houston market.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Indian refiners' October crude processing up over 3% y/y 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
