Crude oil
Urals and CPC Blend differentials softened, Azeri Light exports surge in January
MOSCOW (Reuters) -- Urals and CPC Blend crude differentials to dated Brent weakened on Thursday, as sellers were eager to get rid of December barrels, while Azeri Light loading plan for January showed healthy build in exports next month.
EIA: US crude draws down, products build as refiners ramp up
(Reuters) -- US crude stockpiles fell last week despite a hefty build at the Cushing, Oklahoma hub while gasoline and distillate inventories rose as refining rates picked up, the US Energy Information Administration said on Wednesday.
PKN ORLEN increases crude oil supplies to Czech refinery
PKN ORLEN signed an annex with Tatneft Europe AG to the agreement for crude oil supplies to Czech refinery in Litvinov that provides the extension of contractual period and increases the possible maximum volume of the crude oil delivered.
Calumet completes facility expansion, partners with BP
INDIANAPOLIS – Calumet Specialty Products Partners, L.P. today announced that it has partnered with BP Lubricants USA to begin blending Castrol Motor Oil in its newly expanded blending and packaging facility in Shreveport, LA. The company will officially announce the partnership at a ceremony on Dec. 5 at the facility.
ExxonMobil forms JV with Sunoco Logistics to expand crude supply to its refineries
Sunoco Logistics Partners has formed a strategic JV with ExxonMobil, Permian Express Partners LLC., to combine certain of their key crude oil logistics assets.
OPEC output curbs could be undone by China slowing crude storage
The sharp drop in China's crude oil imports in October can be ascribed to a combination of factors, but one of them should be a red flag to OPEC, threatening the success of any deal to curb production.
US refinery margins rise in all five regions
Refining margins rose in all five US regional petroleum districts in the week ended November 4, according to Credit Suisse.
Genoil signs $50-B letter of intent to develop integrated oil project in Russia
Genoil Inc. has signed a $50-B letter of intent to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia.
Brazil's Petrobras to cut diesel, gasoline prices as oil falls
State-controlled Petróleo Brasileiro SA said it plans to cut diesel and gasoline prices at the refinery point, following a decline in oil prices.
China company signs MOU with BP to supply crude to Isla refinery
Commodity trader Guangdong Zhenrong Energy Co. has signed a memorandum of understanding (MOU) with BP for commercial cooperation on an oil refinery in the Caribbean.
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