Europe
OPEC says winning battle to curb oil glut
VIENNA (Reuters) — OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday.
LyondellBasell begins production at new PP compounding plant in China
HOUSTON and ROTTERDAM, The Netherlands — LyondellBasell announced the successful startup of a new 20 ktpy polypropylene (PP) compounding plant in Dalian, China. This is the company's third facility in China, strategically located to serve the region's growing automotive market.
Stuttgart Airport ground fleet vehicles now fueled by Neste renewable diesel
Stuttgart Airport has started using Neste MY Renewable Diesel as a solution to reduce its CO2 emissions and as part of the climate program of Baden-Württemberg's state airport in Germany.
Russia set to pipe more oil to China, stepping up race with Saudis
BEIJING/MOSCOW (Reuters) — Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January, likely cementing Russia's position as China's largest oil supplier in a close race with Saudi Arabia.
Russia's Lukoil puts Italian refinery up for sale
LONDON (Reuters) — Lukoil is seeking to sell its ISAB oil refinery complex in Italy as part of the Russian firm's review of its overseas operations, two industry sources said on Wednesday.
Oil up 2% despite US crude build; set for best Q3 since 2004
NEW YORK (Reuters) — Oil prices rose nearly 2% on Wednesday, despite a rise in US crude inventories, with the market heading for its largest third-quarter gain in 13 yr after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.
Baker Hughes, KBC partner on integrated process, operational software solutions
PARIS — Baker Hughes, a GE company and KBC a wholly owned subsidiary of Yokogawa Electric Corporation, announced a preferred partnership that will provide a combination of process simulation, asset performance management and operational software solutions to the oil and gas industry.
EU confirms reduced import duties for Argentine biodiesel
BRUSSELS (Reuters) — The European Union will lower import duties on Argentine biodiesel following a World Trade Organization ruling against initial measures in place, it said on Tuesday.
China's Unipec to ship first VLCC of diesel to Europe
SINGAPORE (Reuters) — Unipec, the trading arm of China’s state-owned Sinopec, is shipping its first very large crude carrier (VLCC) of diesel from China to Europe, two sources close to the matter said on Friday.
CNPC, Eni sign new cooperation agreement
ROME — China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities.
- Japanese refiners urge early orders from airlines amid jet fuel shortage 7/18
- Slovakia, Hungary say Ukraine has halted Lukoil's Russian oil transit 7/18
- Update: Singapore middle distillates stocks surge on jet fuel imports 7/18
- Rompetrol completes DCU project at Petromidia refinery 7/17
- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
- Pertamina expects Balikpapan's CDU IV to resume later this month 7/17
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- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
