Crude oil
Explorer Pipeline fuel line from Texas to Oklahoma running at reduced rates
NEW YORK (Reuters) — Explorer Pipeline’s fuel line from Houston to Glenpool, Oklahoma, is running at reduced rates due to temporary repairs made on Oct. 24, pushing up cash gasoline prices in Midwestern markets.
Oil slips on higher US crude inventories, production
LONDON (Reuters) — Oil slipped on Thursday, pressured by an unexpected increase in US crude inventories, high US production and exports, but stayed near multi-month highs on support from tighter crude markets.
Saudi Aramco subsidiary to buy stake in Rotterdam terminal
RIYADH (Reuters) — Saudi Aramco Overseas Company (AOC), a subsidiary of Saudi Aramco, has entered into an arrangement to buy a stake in a Rotterdam terminal from commodities trader Gunvor, the company said on Thursday.
BP Midstream Partners' prices IPO at $18 per unit
(Reuters) — BP Midstream Partners' said on Wednesday its initial public offering was priced at $18 per unit, below the expected range of $19 to $21, raising about $765 MM.
Oil eases but still near four-week highs after Saudi supply pledge
LONDON (Reuters) — Oil steadied on Wednesday near a four-week high after top exporter Saudi Arabia said it was determined to end a supply glut that has been weighing on the market for 3 yr.
Ecuador seeks renegotiation of China oil sales, loans
QUITO (Reuters) — Ecuador is seeking to renegotiate oil deals with Chinese firms to get higher prices for its crude exports and reduce the amount it has to send the Asian giant, the head of state-owned Petroecuador, Byron Ojeda, said on Tuesday.
IEA sees Southeast Asia oil demand growing until at least 2040
SINGAPORE (Reuters) — Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make plastics, the International Energy Agency said on Tuesday.
Noble Group to sell oil liquids unit to Vitol, flags $1.2 B loss
SINGAPORE (Reuters) — Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 MM as part of a debt-cutting strategy, and warned of a big loss for its third quarter.
Saudi determined to end oil glut, sees smooth exit for OPEC pact
RIYADH (Reuters) — The world's top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the pact ends to prevent a buildup in excess supplies.
ExxonMobil acquires crude oil terminal to serve Permian Basin production
HOUSTON — ExxonMobil Corporation announced that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP.
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- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
