Americas
Trafigura to receive Permian Basin crude oil, condensate
HOUSTON — Trafigura Trading LLC, a wholly owned subsidiary of Trafigura Group Pte Ltd, has announced the signing of a long-term commitment with Plains All American Pipeline LP for the receipt of crude oil and condensate from Midland, Texas to Corpus Christi, Texas.
Oil rises after signs of US demand, but supply threat remains
LONDON (Reuters) — Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the previous day's slide, although the prospect of oversupply in 2018 prompted yet more analysts to cut their price forecasts.
US proposes cutting total biofuels requirements in 2018
NEW YORK (Reuters) — The US government on Wednesday proposed to reduce the volume of biofuel required to be used in gasoline and diesel fuel next year as it signaled the first step toward a potential broader overhaul of its biofuels program.
AER issues order to Journey Energy following two crude oil emulsion spills
CALGARY, Alberta — The Alberta Energy Regulator (AER) has issued an order to Journey Energy Inc. (Journey) in response to two releases of an unknown amount of crude oil emulsion near Winfield, Alberta that was originally reported to the AER on June 28.
Delek US Holdings announces closing of the acquisition of Alon USA
BRENTWOOD, Tenn. — Delek US Holdings, Inc. announced the closing of the acquisition of the remaining outstanding shares of Alon USA Energy, Inc. common stock in an all-stock transaction. The close of this transaction became effective on July 1.
Petrobras teams up with CNPC to finish Comperj unit, paper says
RIO DE JANEIRO (Reuters) — Brazil's state-controlled oil company Petróleo Brasileiro SA has teamed up with China National Petroleum Corp to complete construction of a petrochemical compound in Rio de Janeiro that was ensnared in a massive corruption scandal, O Globo newspaper reported on Tuesday.
GE completes buyout of Baker Hughes
HOUSTON (Reuters) — General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world's second-largest oilfield service provider by revenue.
Indian Oil plans to buy N. American sour crude for the first time
SINGAPORE/NEW DELHI (Reuters) — India's top refiner has issued its first tender to buy high-sulfur, or sour, crude from North America as it seeks to diversify imports, three trading sources said on Tuesday.
Oil eases on US holiday after 8 days of gains
LONDON (Reuters) — Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in US crude production may be slowing.
Train derailment spills 20,000 gal of Exxon's oil in Illinois
(Reuters) — About 20,000 gal of crude oil belonging to ExxonMobil Corp was released after a Canadian National Railway Co freight train derailed on Friday at Plainfield, Illinois.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
