Crude oil
Vitol clinches $1-B pre-finance oil deal with Iran
LONDON/DUBAI (Reuters) -- The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
Oil down, but ends year with biggest gain since 2009
(Reuters) -- Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years.
Industry Metrics
Healthy US domestic gasoline demand continued, despite supply pressure from refineries returning from maintenance and resumed Colonial Pipeline operations.
Key design considerations for vacuum process condensers
The crude oil refining and petrochemical industries make extensive use of condensers that operate under vacuum (i.e., below atmospheric pressure). Distillation is the most common process using these condensers, either as a process precondenser ahead of an ejector system, or as an intercondenser within an ejector system.
EIA: US crude oil stocks rise, while products draw down
(Reuters) -- US crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the US Energy Information Administration said on Thursday.
Oil steady as rise in US inventory slows upswing
NEW YORK (Reuters) -- Oil prices steadied on Thursday after a surprise increase in US inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year.
Oil rallies in thin trade, adds to year's gains
NEW YORK (Reuters) -- Oil gained 1.5% Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.
Venezuela says to cut 95,000 bpd crude output in OPEC deal
CARACAS (Reuters) -- Venezuela said on Tuesday it will cut 95,000 bpd of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
Russia's Lukoil appoints new VP for sales and supplies
MOSCOW (Reuters) -- Russia's second biggest oil producer Lukoil has appointed a new vice-president for sales and supplies after state-owned rival Rosneft clinched several major deals at its expense, three sources told Reuters.
Oil gains post-Christmas ahead of OPEC, non-OPEC cuts
TOKYO (Reuters) -- US oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices.
- 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
