Crude oil
Saudi Arabia to raise February term crude prices to Asia
(Reuters) -- Top oil exporter Saudi Arabia is expected to raise prices for all grades of crude it sells to Asia in February, tracking strength in the Dubai price benchmark and robust refining margins, traders said on Tuesday.
Nigeria's NNPC awards 2017 crude oil term contracts to 39 companies
LAGOS/LONDON (Reuters) -- State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday.
Vitol clinches $1-B pre-finance oil deal with Iran
LONDON/DUBAI (Reuters) -- The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
Oil down, but ends year with biggest gain since 2009
(Reuters) -- Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years.
Industry Metrics
Healthy US domestic gasoline demand continued, despite supply pressure from refineries returning from maintenance and resumed Colonial Pipeline operations.
Key design considerations for vacuum process condensers
The crude oil refining and petrochemical industries make extensive use of condensers that operate under vacuum (i.e., below atmospheric pressure). Distillation is the most common process using these condensers, either as a process precondenser ahead of an ejector system, or as an intercondenser within an ejector system.
EIA: US crude oil stocks rise, while products draw down
(Reuters) -- US crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the US Energy Information Administration said on Thursday.
Oil steady as rise in US inventory slows upswing
NEW YORK (Reuters) -- Oil prices steadied on Thursday after a surprise increase in US inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year.
Oil rallies in thin trade, adds to year's gains
NEW YORK (Reuters) -- Oil gained 1.5% Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.
Venezuela says to cut 95,000 bpd crude output in OPEC deal
CARACAS (Reuters) -- Venezuela said on Tuesday it will cut 95,000 bpd of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
- JERA signs time charter agreements with NYK and MOL for fuel ammonia carriers 6/23
- Asian refiners see little room for Iranian oil, leaving China as key buyer after U.S. waiver 6/23
- Viva Energy to restart Geelong refinery this week, alkylation unit offline 6/23
- Russia discusses importing fuel amid Ukrainian strikes, Crimea restricts public life 6/23
- Brazil's Petrobras approves $1.2 billion investment for renewable fuels plant 6/22
- First batch of equipment arrives in Kazakhstan for $7.7-B Atyrau polyethylene project 6/22
