Europe
Oil slips towards $65 as Forties pipeline moves closer to restart
LONDON (Reuters) — Oil edged lower towards $65/bbl on Tuesday, but remained within sight of its highest level since mid-2015, as the looming restart of a North Sea oil pipeline offset support from OPEC-led supply cuts.
Russia holds steady as China's largest crude supplier for 9th month
BEIJING (Reuters) — Russia held on as China's largest crude oil supplier for the ninth month in a row in November, also topping Saudi Arabia for the year so far, Chinese customs data showed on Tuesday.
Ineos starts testing UK's Forties North Sea oil pipeline after repairs
LONDON (Reuters) — Britain's Forties oil and gas pipeline, one of the biggest in the North Sea, is being tested following repairs and full flows should resume in early January, its operator Ineos said on Monday.
Oil dips from highs but OPEC cuts still support market
SINGAPORE/LONDON (Reuters) — Oil prices dipped on Friday but stayed near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual.
Oil falls as UK North Sea oil pipeline moves closer to restart
LONDON (Reuters) — Oil prices fell on Thursday after the operator of Britain's Forties pipeline in the North Sea said it was expected to restart in early January after repairs over Christmas.
Belgian tanker group Euronav to buy US rival Gener8 Maritime
LONDON (Reuters) — Tanker operator Euronav is to buy US rival Gener8 Maritime to create one of the world's top oil shipping fleets, the companies said on Thursday, in an all-stock deal worth an estimated $490 MM.
OPEC starts working on oil supply cut exit strategy
LONDON/DUBAI (Reuters) — OPEC has started working on plans for an exit strategy from its deal to cut supplies with non-member producers, two OPEC sources said, a sign that an eventual winding down of the deal is coming onto producers' radar, at least in theory.
UK's Forties North Sea oil pipeline due to restart in early Jan
LONDON (Reuters) — Britain's Forties oil and gas pipeline, one of the biggest in the North Sea, should be repaired around Christmas, its operator Ineos said on Thursday, the earlier end of a timeframe the company gave to carry out the work.
BASF, SINOPEC expand NPG production capacity in China
LUDWIGSHAFEN, Germany and NANJING, China — BASF and SINOPEC will expand the production capacity of Neopentylglycol (NPG) at the state-of-the-art Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China.
Ineos presses ahead with crude pipeline repairs
LONDON (Reuters) — Ineos said repairs to Britain’s Forties crude pipeline were underway on Wednesday, after a crack was found that closed the pipeline on Dec. 11.
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