Crude oil
Mexico's Pemex fires warehouse workers for oil theft
MEXICO CITY (Reuters) — Mexican state oil company Petroleos Mexicanos (Pemex) said on Tuesday it would rescind contracts held by several workers at a warehouse and distribution center in the central state of Guanajuato as part of a strategy to combat oil theft.
S.Korea plan to ease oil-blending rules to take effect from Thurs
SEOUL (Reuters) — South Korea said on Wednesday that its plan to ease blending restrictions at oil storage terminals would come into effect on Thursday, as the government continues its push to boost international oil trading in the country.
Bangladesh set to sign 15-yr gasoil import deal with India
DHAKA (Reuters) — Bangladesh Petroleum Corp (BPC) is set to sign a 15-yr deal with Indian oil refiner Bharat Petroleum Corp Ltd (BPCL) to import gasoil to meet the country's energy demand, two company officials with the direct knowledge of the matter said.
USD partners commence operations at crude terminal in Oklahoma
HOUSTON — USD Partners LP announced the commencement of operations at its destination terminal in Stroud, Oklahoma on Oct. 1. The planned retrofit work necessary to handle heavier grades of crude oil at the terminal was completed on time and under the Partnership’s initial budget.
Angolan crude exports to rise in Dec, W. Africa offers steady
LONDON (Reuters) — Angolan crude exports are scheduled to rise in December, a loading program showed on Monday, while offers of remaining November cargoes were heard to be holding steady.
US issues permit to expand Enbridge cross-border oil pipeline
CALGARY, Alberta (Reuters) — The United States issued a long-awaited permit covering a 3-mi segment of Enbridge Inc’s Line 67 crude oil pipeline on Monday, allowing the company to nearly double capacity on the cross-border conduit.
Risk premium returns to oil over Iraq fighting, rising US-Iran tensions
SINGAPORE (Reuters) — A risk premium has returned to oil markets with a vengeance, boosting global price benchmarks as escalating fighting in Iraq threatens supplies while political tensions loom between the United States and Iran.
Newest outpost for US crude exports: India
NEW YORK/NEW DELHI (Reuters) — India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of US grades to diversify their imports.
S.Korea's Sept Iranian crude oil imports rise to 6-month high
SEOUL (Reuters) — South Korea’s imports of Iranian crude oil hit the highest level in 6 mos. in September amid Iran’s push to regain its lost market share during years it was under sanctions over its nuclear program.
Russia reaches outline debt restructuring agreement with Venezuela
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.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
- DNV certifies first CO2 storage site in Middle East for ADNOC CCS project 11/25
- 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
