Americas
Venezuela ships more oil to US in July vs June, but less than yr ago
(Reuters) — Venezuela's PDVSA and its joint ventures last month shipped 638,325 bpd of crude to the United States, a 30% increase over June due to larger sales of upgraded oil, according to Thomson Reuters trade flows data.
Oil falls on strong dollar, OPEC and China weigh
LONDON (Reuters) — Oil prices fell on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer.
Oil traders expect Asia to import more Venezuelan crude if US sanctions kick in
SINGAPORE/HOUSTON (Reuters) — Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.
Oil prices slip on Chinese demand concerns, rising US activity
AMSTERDAM (Reuters) — Oil prices fell on Monday as a slowdown in Chinese refining raised concerns about demand in the world's second-biggest consumer, while an increase in US drilling capacity could deepen a global supply glut.
Former Mexico oil chief denies taking bribes from Odebrecht
MEXICO CITY (Reuters) — The former head of Mexican state oil company Pemex, Emilio Lozoya, "categorically denied" allegations he received $10 MM in bribes from Odebrecht in exchange for awarding the Brazilian company a contract at a refinery.
Calumet Specialty Products to sell Superior refinery, related assets
INDIANAPOLIS — Calumet Specialty Products Partners, L.P., an independent producer of specialty hydrocarbon and fuels products, announced that it has signed definitive agreements to sell the ownership of its Superior, Wisconsin refinery and various related assets to Husky Superior Refining Holding Corporation, a wholly owned unit of Husky Energy.
Distillates to boost US refiners' bottom line through year-end
NEW YORK (Reuters) — US refiners such as PBF Energy and Valero Energy are heading into the winter season on their best footing in years, as months of surprisingly robust distillate demand has eaten away at stubbornly high inventories and boosted margins.
Andeavor unit to buy Western Refining Logistics for $1.5 B
(Reuters) — US pipeline operator Andeavor Logistics LP said on Monday it would buy rival Western Refining Logistics LP for $1.5 B as it seeks to expand into the Permian Basin in Texas and New Mexico.
Andeavor announces development of Conan Crude Oil Gathering Pipeline system in Delaware Basin
SAN ANTONIO, TEXAS — Andeavor announced that it received sufficient commitments from third party shippers to warrant construction of the Conan Crude Oil Gathering Pipeline system in the Delaware Basin.
Fluor’s phosphate megaproject in Saudi Arabia begins production
IRVING, Texas — Fluor Corporation announced that the Ma’aden Wa’ad Al-Shamal Phosphate Company’s (MWSPC) Umm Wu’al Phosphate Project in Saudi Arabia has started production of ammonia, merchant-grade acid and fertilizer. Fluor is providing overall program management services for this $8 B megaproject, in addition to engineering, procurement and operations and readiness services for various scopes.
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- KT Tech awarded early engineering works contract for 60,000-tpy SAF plant in Indonesia 4/1
- OCI Global completes sale of OCI Ammonia Holding to AGROFERT 4/1
- Union workers ratify contract at ExxonMobil's Louisiana (U.S.) refining and chemical complex 4/1
