Crude oil
Iran struggles to expand oil exports as sea storage cleared
LONDON (Reuters) -- Iran has sold all the oil it had stored for years at sea and Tehran is now struggling to keep exports growing as it grapples with production constraints, shipping and oil sources say.
US crude inventories rise unexpectedly, product stocks dip
(Reuters) -- US crude stocks unexpectedly rose last week to a fresh record high, while gasoline and distillate inventories fell less than expected, the Energy Information Administration said on Wednesday, interrupting a recent string of bullish news for the oil market.
Traders cancel light cycle oil cargoes ahead of China tax
SINGAPORE/BEIJING (Reuters) -- Traders in North Asia are rushing to cancel loadings of a range of oil products for sale to China, ahead of a planned Chinese consumption tax that will make the trade uneconomic.
China grants two independent plants import quotas totaling 4.08 MMt of crude
BEIJING (Reuters) -- China has granted two independent refiners crude oil import quotas for a total annual volume of 4.08 MMt, the National Development and Reform Commission (NDRC) said in two separate statements on Wednesday.
BridgeTex owners seek more than $300 MM from shipper
HOUSTON (Reuters) -- Plains All American Pipeline and Magellan Midstream Partners filed an amended breach of contract lawsuit seeking more than $300 MM in damages from Stampede Energy over an oil transport deal, according to court documents.
Iran "not concerned" by Indian threat to cut oil imports
LONDON (Reuters) -- Iran's oil minister dismissed India's decision to cut oil imports from Tehran in 2017/18 by a fifth as a threat on Wednesday, in an escalation of a dispute over a giant gas field contract.
Transneft could raise oil exports to Belarus from April
MOSCOW (Reuters) -- Russia's Transneft has the technical capacity to pump 24 MMt of oil to Belarus this year and could start pumping additional volumes from April, an official at the oil pipeline monopoly told Reuters on Tuesday.
Brazil's black market pipeline: Gangs hijack Petrobras' oil, fuel
RIO DE JANEIRO (Reuters) -- In September, police investigating a wave of killings in the northern Rio de Janeiro suburbs followed a tip to the isolated scrubland near the massive Duque de Caxias oil refinery.
Seeking higher revenues, Saudi sets out stall for light crude
DUBAI (Reuters) -- Despite OPEC's oil output curbs, Saudi Arabia has been offering its customers more light crudes while cutting heavy grades, a trend that could increase as the kingdom wants to maximize revenue and needs more heavy oil to power its own refineries.
Rosneft takes first shipment of Kurdish oil for refining system
LONDON (Reuters) -- Russian state oil giant Rosneft will buy its first shipment of oil from Iraq's Kurdistan in early April, becoming the first oil major to take Kurdish crude directly into its refining system, trading sources said on Friday.
- Aramco signs MoU with Microsoft to help advance industrial AI and digital talent transformation 2/23
- Chandra Asri's chlor alkali-ethylene dichloride project reaches 50% completion 2/23
- Solvay to reduce production at Torrelavega soda ash plant due to market conditions 2/23
- Zeon Corp. holds groundbreaking for new cyclo-olefin polymers plant 2/23
- Honeywell adjusts acquisition agreement for Johnson Matthey's Catalyst Technologies business down to £1.325 billion 2/23
- Indorama Ventures and AMB Spa introduce industrial-scale breakthrough for recyclable multilayer trays 2/23
