Crude oil
Oman says new refinery capacity to cut crude oil exports
Oman's crude oil exports will drop by about 50 Mbpd when new refining capacity comes onstream in the northern city of Sohar by early 2017.
Welspun receives $47 M order for Diamond Pipeline
Diamond Pipeline LLC, a joint venture between Plains All American Pipeline and Valero, has submitted an order for more than $47 M in coated 20-inch pipe to Welspun in Little Rock, Arkansas.
As US crude wobbles near $40, new oil rally in doubt
Oversupply, refining cutbacks and a breakdown in the oil/dollar trade may spell an end to this year's rally.
Column: Why is oil market rebalancing taking so long?
Rebalancing the oil market is proving a long and frustrating process.
Oil edges up after slide, but glut still weighs
Oil edged higher Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in US inventories and a weaker dollar.
Oil falls as oversupply weighs
Oil prices fell, reversing earlier gains, as increases in OPEC production and US oil rig additions continued to weigh on the market.
Column: La Nina set to boost US winter heating oil demand
Refiners are hoping distillate will get a further boost from a pick-up in freight movements and a colder winter in 2016/17.
Oil rally to resume later this year, demand to offset glut
Oil analysts still expect a rise in the crude price this year, thanks to improving demand growth that should help offset any bearish headwinds from a stubborn supply surplus.
Oil steadies just above three-month lows on oversupply
Oil prices steadied just above three-month lows as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.
Oil falls towards $44, lowest since May, on glut worries
Oil hit its lowest since May, falling towards $44/bl, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
- Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen 3/20
- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
