Crude oil
Essar Oil UK to spend $250 MM upgrading Stanlow refinery
NEW DELHI/MUMBAI (Reuters) — Essar Oil UK expects a $250-MM upgrade of its Stanlow refinery in northwest England to improve its basic profit margin by $1/bbl as it will be able to process a greater variety of cheaper crude oils and raise output, its chief executive said on Wednesday.
Oil up after Harvey fallout, but Hurricane Irma heads to Caribbean
LONDON (Reuters) — Oil prices rose on Wednesday as strong global refining margins and the reopening of US Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey.
Asian traders look to snap up US crude in wake of Hurricane Harvey
SINGAPORE (Reuters) — Some oil traders in Asia are looking to snap up crude cargoes from the United States after Hurricane Harvey closed US refineries, denting local demand and pushing out the price spread between U.S and Atlantic Basin crude benchmarks.
Magellan Midstream to construct Delaware Basin crude oil, condensate pipeline
TULSA, Okla. — Magellan Midstream Partners, L.P. announced it is commencing construction of a new Delaware Basin pipeline originating in Wink, Texas to handle crude oil and condensate.
Russia says its oil supplies to North Korea are negligible
XIAMEN, China (Reuters) — President Vladimir Putin said on Tuesday that Russian oil supplies to North Korea were negligible, responding to heightened international scrutiny of the ties between Moscow and the leadership in Pyongyang.
US crude rises, gasoline falls as refineries restart
LONDON (Reuters) — US oil prices rose on Tuesday and gasoline fell as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.
Air Liquide, Mitsubishi Chemical sign technology agreement
Air Liquide Engineering & Construction has signed a cooperation agreement with Mitsubishi Chemical Corporation to license MCC’s Butene-to-crude-Butadiene technology used in the petrochemical industry.
Polish refiner Lotos receives first crude oil cargo from Canada
WARSAW (Reuters) — Lotos, Poland’s second biggest oil refiner, said on Monday that it had received its first crude oil cargo from Canada.
Iraq's August oil exports average 3.216 MMbpd
BAGHDAD (Reuters) — Iraq's oil exports slipped to 3.216 MMbpd in August from 3.230 MMbpd in July as no shipments were made from the northern Kirkuk field, the oil ministry said on Saturday.
Phillips 66 requests Jones Act waiver after Harvey
HOUSTON (Reuters) — US refiner Phillips 66 has requested a Jones Act waiver to allow it to use foreign vessels to move crude or products to and from its 260,000-bpd Alliance refinery in Louisiana after Hurricane Harvey, the company said on Sunday.
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