Americas
Discount on Canadian heavy crude deepens after pipeline spill
CALGARY, Alberta (Reuters) — The discount on Canadian heavy crude surged wider on Friday as traders waited for news on how long TransCanada Corp’s 590,000 bpd Keystone pipeline would be shut down following a spill in South Dakota on Thursday.
Oil climbs, but still set for first weekly fall in six
LONDON (Reuters) — Oil prices climbed on Friday but were still heading for their first week of losses in six, weighed down by Russian hesitation for extending a global pact to cut output and curb oversupply.
Keystone oil pipeline leaks in S.Dakota, as Nebraska weighs XL
CALGARY, Alberta (Reuters) — TransCanada Corp shut part of its Keystone oil pipeline system after a 5,000-barrel leak in South Dakota, the company said on Thursday, four days before neighboring Nebraska was set to decide on the company's long-delayed Keystone XL pipeline.
Middle East, US crude oil curbs Indian appetite for African supplies
NEW DELHI (Reuters) — India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.
Saudi energy minister: Market to remain oversupplied by March 2018
BONN, Germany (Reuters) — The world will still have a surplus of oil by end-March next year, Saudi Arabia's energy minister said on Thursday, signaling a willingness to extend output cuts when OPEC meets at the end of November on whether to extend caps well into 2018.
Petrobras CEO says to discuss refining partnership with CNPC CEO
NEW YORK (Reuters) — Petrobras Chief Executive Officer Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp in Brazil to discuss the details of their partnership to build a refinery complex in Rio de Janeiro.
IEA: US to account for most world oil output growth over 10 yr
BONN, Germany (Reuters) — The United States is expected to account for more than 80% of global oil production growth in the next 10 yr and it will produce 30% more gas than Russia by that time, he International Energy Agency (IEA) said on Thursday.
Study: US biofuels policy contributes to global warming
(Reuters) — US renewable fuel mandates are contributing to global warming, boosting carbon emissions as farmers turn carbon-rich areas like wetlands and forests into cropland to grow corn, soy and wheat for biofuels production, a study presented on Wednesday said.
EIA: US Crude oil, gasoline stocks up unexpectedly in latest week
(Reuters) — US crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday.
Start-up at Mexico's top refinery has begun, still no output
MEXICO CITY (Reuters) — Mexico’s national oil company Pemex’s biggest refinery has begun bringing plants back online following a prolonged stoppage caused by a major earthquake in September, a company spokesperson said on Tuesday.
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- Idemitsu Kosan to be first Japanese refiner to supply biofuels to shipping industry 12/8
- China refiner moves forward with expansion despite sanctions 12/8
- Air Products and Yara to partner on low-emission ammonia projects 12/8
- 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
