Crude oil
Indian Oil Corp studies renewed Venezuelan crude purchases
NEW DELHI (Reuters) — Indian Oil Corp is considering buying Venezuelan crude for the first time in at least 6 yr, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.
Shell Canada, Syncrude cut synthetic crude volumes
CALGARY, Alberta (Reuters) — Shell Canada, a unit of Royal Dutch Shell, has warned customers synthetic crude volumes from its 255,000-bpd Scotford, Alberta, upgrader may be reduced in November and potentially December, trading sources said on Monday.
TransCanada starts excavation work after South Dakota pipeline leak
(Reuters) — Canada Corp has started initial excavation work at the site of an oil spill on its Keystone pipeline in South Dakota but has not yet pinpointed where the leak came from, a state official said on Monday.
Russia's Transneft says to resume oil exports from Novorossiisk
MOSCOW (Reuters) — Oil loadings from the Russian Black Sea port of Novorossiisk were set to resume later on Tuesday after a storm in area subsided in the early hours of the day, oil pipeline monopoly Transneft said.
As Venezuela pumps below OPEC target, oil rivals begin filling gap
HOUSTON/DUBAI (Reuters) — As Venezuela's dilapidated energy sector struggles to pump enough crude oil to meet the country's OPEC output target, rival producers have started to plug the gap, according to OPEC and industry sources and US government data.
Brazil police make arrests in investigation of Petrobras subsidiary
RIO DE JANEIRO/SAO PAULO (Reuters) — Brazilian police detained six people as part of an investigation into suspected bribery at a unit of state oil company Petroleo Brasileiro SA, prosecutors said on Tuesday, in the latest development in a corruption scandal.
Transneft to up 2018 oil exports via its pipelines to 242.4 MMt
MOSCOW (Reuters) — Russian pipeline monopoly Transneft will increase oil exports via its pipeline system to 242.4 MMt in 2018, Vice President Sergei Andronov said on Monday.
Oil eases as traders and investors grow edgy ahead of OPEC
LONDON (Reuters) — Oil eased on Monday, as traders were wary of betting too heavily on which way prices might move ahead of an OPEC meeting next week, when the exporter group is expected to decide whether to continue output cuts aimed at propping up prices.
Rosneft says clinches oil supply deal with China's CEFC
MOSCOW (Reuters) — Russia’s largest oil producer Rosneft said on Monday it had signed a deal with CEFC China Energy Company Ltd on oil supplies, further strengthening its foothold in the world’s largest energy consumer.
Iran has exported 4.26 MMbbl of oil from South Pars since March
BEIRUT (Reuters) — Iran has exported about 4.26 MMbbl of oil from South Pars to international destinations since the beginning of the Iranian calendar year, which began in late March, Fardin Asadi, the manager for development of oil layers at South Pars, said on Sunday, according to the Iranian Students’ News Agency (ISNA).
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
