Crude oil
Enbridge's Line 3 oil pipeline upgrade challenged by Minnesota govt
CALGARY, Alberta (Reuters) — Enbridge Inc's upgrade of its Line 3 crude oil pipeline hit an obstacle on Monday after the US state of Minnesota told a regulatory committee that it has no need for the project, and that the existing pipe should be shut.
Shell eyes Asia, aims to expand vehicle recharging at fuel stations
LONDON (Reuters) — Royal Dutch Shell aims to expand marketing operations in Asia and wants 20% of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025, as the world shifts away from crude.
White Owl acquires Clairmont terminal in Canada
CALGARY — White Owl Energy Services Ltd. announced the acquisition of the Pembina Pipeline connected Clairmont terminal in the Grande Prairie area of Alberta.
Saudi to supply full crude allocations to most Asian refiners
SINGAPORE/SEOUL (Reuters) — Saudi Arabia will supply full contracted volumes of crude oil to at least five north Asian term buyers in October, while a sixth regional refiner was notified of cuts to its October Arab Extra Light supplies, sources familiar with the matter said on Monday.
Rosneft to ship record 40 MMt of oil to China in 2017
MOSCOW (Reuters) — Russia's top oil producer Rosneft plans to export a record 40 MMt of crude oil to China this year, Chief Executive Igor Sechin was quoted as saying on Sunday.
Saudi Aramco to add 1.9 MMbbl of crude oil to its Japan storage
TOKYO (Reuters) — Oil giant Saudi Aramco will on Wednesday add 1.9 MMbbl of crude to storage that it holds in Japan, a Japanese trade ministry official said on Monday.
Oil weakens on fears Irma could dent US demand
LONDON (Reuters) — Oil prices edged lower on Monday on concerns that Hurricane Irma's pounding of heavily populated areas of Florida could dent oil demand in the world's top oil consuming nation.
Industry Metrics
US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand.
Business Trends: The state of the global refining sector
Over the past few years, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).
Global: The slow closing of Africa’s refining technology gap
Technology gaps in the crude oil refining sector of sub-Saharan Africa (SSA) are making it difficult for crude oil processing plants to achieve energy efficiency, produce high-quality products or adhere to international carbon emissions requirements.
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- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- 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
