VERONA, Italy (Reuters) — Russian oil major Rosneft will consider proposals to replace a stake in US-based refiner Citgo it holds as collateral for a 2016 loan to Venezuela with another asset, CEO Igor Sechin said on Thursday.
WARSAW (Reuters) — Poland’s biggest oil refiner PKN Orlen expects its downstream margin to rise this year from $11.70/bbl in 2016, the company’s official said on Thursday.
ROME (Reuters) — Sicilian police on Wednesday sought the arrest of nine people, including a suspected mobster, for running a Libyan fuel-smuggling ring in which at least $35 MM of diesel was sold in gas stations in Italy and Europe.
LONDON (Reuters) — Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC's secretary general said on Thursday, with the potential for continuation throughout 2018 forming a basis for talks.
LONDON (Reuters) — Total is in talks with Saudi Aramco to expand their Saudi joint venture refinery by more than 10%, the chief executive of the French energy company said on Wednesday.
MOSCOW (Reuters) — Russia has reached a general agreement with Venezuela on restructuring its debt to Moscow, RIA news agency cited Russian Finance Minister Anton Siluanov as saying on Saturday.
PARIS — Total has entered into an agreement with GASORED, a group of service station owners, to rebrand a network of around 250 service stations in and around Mexico City under the Total brand.
LILLESTRØM, Norway — Dynea AS announced the successful commissioning and start-up of a formaldehyde plant using silver crystals as catalyst.
LONDON (Reuters) — China has built its crude oil stockpiles at a record pace in 2017 and while its purchases could tail off towards the year-end, inventories could hit the billion-barrel mark in 6 mos, the International Energy Agency said.
MOSCOW (Reuters) — Russia’s Norsi, oil major Lukoil’s largest oil refinery that suffered a fire last week, has not changed the overall plan of oil supplies to its plant this month, Russian pipeline monopoly Transneft said on Monday.