Crude oil
Saudi Aramco and partners’ CAN-15 recognized with JPI award
Saudi Aramco and its research and development (R&D) collaboration partner, JGC Catalysts and Chemicals—a leading catalyst developer and manufacturer in Japan— have been awarded the Japan Petroleum Institute (JPI) 2015 International Technology Exchange Award.
EIA: US crude oil, distillate stockpiles exceed expectations
US crude oil stockpiles and distillate inventories increased more rapidly than expected last week, according to the US Energy Information Administration (EIA).
Canada regulator suspends TransCanada pipeline approval hearing
Canada's National Energy Board suspended Montreal hearings on TransCanada Corp.'s proposed Energy East pipeline after protests disrupted the first day of the process.
China's parliament proposes new environmental tax benefits
China's parliament has proposed increasing tax benefits for companies that cut pollution by more than the national standard.
Profit at China's Sinopec slumps 21.6% in first half
Sinopec said its net profit fell 21.6% in the first half of 2016, hurt by a steep decline in international oil prices.
US crude, gasoline stocks build unexpectedly as refineries cut output
According to the US Energy Information Administration, US crude and gasoline inventories rose unexpectedly last week as refineries cut output.
EIA: Crude price differentials a factor as refining profits converge
Refinery earnings were lower in Q2 2016 compared with the same time last year and are converging among different locations globally.
Valero Energy Partners LP acquires Meraux and Three Rivers Terminal Services for $325 M
Valero Energy Partners’ board of directors of its general partner has approved the acquisition of the Meraux and Three Rivers Terminal Services Business from a subsidiary of Valero Energy Corp. for total consideration of approximately $325 M.
Column: China's fuel exports less worrisome than crude costs for refiners
China's booming fuel exports have contributed to a structural lowering of margins for the region's refiners, but fluctuations are still mostly linked to crude prices.
US crude stocks fall unexpectedly in week: EIA
US crude stocks fell unexpectedly last week, while gasoline stocks decreased more than expected and distillate inventories rose, according to data from the Energy Information Administration.
- 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
