Crude oil
Canadian Natural commits to shipping more crude on Keystone XL pipeline
CALGARY, Alberta (Reuters) — Canadian Natural Resources Ltd has increased its volume commitment on TransCanada Corp’s Keystone XL pipeline by about 46% to 175,000 bpd, Canadian Natural President Steve Laut told Reuters on Thursday.
Industry Metrics
The global middle distillate market continued to improve on healthy demand and depleted stocks amid regional maintenance, while the bottom of the barrel saw pressure due to low demand and high inventory levels in Asia and Europe.
Business Trends: Preparing for a sea change in global refining
The global oil refining industry has been buffeted by many events in recent years.
Operations: Maximizing the opportunity of discounted crudes
As the oil and gas industry adjusts to a business environment in which crude oil prices will likely remain lower for longer, refiners continue looking for ways to maximize their profitability.
Heavy crude oil processing design and reliability
Revamping refineries to process heavier crude slates goes well beyond the requirements to meet equipment performance dictated by a shift in the quantity of lighter product yields to heavier products.
Oil flat, erases gains as US crude draw shy of API report
NEW YORK (Reuters) — Oil prices were steady in see-saw trade on Wednesday, hitting their highest since mid-2015 and then retreating after US government data showed that the latest weekly draw in domestic crude stocks was not as big as an industry trade group had reported.
Oil prices near 2-yr highs as supply cuts bite
LONDON (Reuters) — Oil prices steadied on Tuesday after a week of gains as the prospect of increasing US exports dampened bullish sentiment that has driven Brent to more than 2-yr highs above $60/bbl.
Asian imports of Iranian oil hit highest in 6 mos
TOKYO (Reuters) — Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China and South Korea.
China's Sinopec mulls US oil projects ahead of Trump's visit
SINGAPORE (Reuters) — China's state oil major Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports and also expand storage facilities in the Caribbean, two people familiar with the matter said on Tuesday, with US President Donald Trump set to visit Beijing next week.
Crown Prince: Saudi Arabia ready to extend oil output cut deal
KHOBAR, Saudi Arabia (Reuters) — Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia's readiness to support the extension of a global oil production cut agreement.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
