Crude oil
Oil eases on US holiday after 8 days of gains
LONDON (Reuters) — Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in US crude production may be slowing.
Azerbaijan ships 733,664 t of oil via Russia in H1 2017
BAKU (Reuters) — Azerbaijan's oil shipments via Russia jumped to 733,664 t in the first half of the year from 479,730 t in the same period last year, state oil company SOCAR said on Tuesday.
Train derailment spills 20,000 gal of Exxon's oil in Illinois
(Reuters) — About 20,000 gal of crude oil belonging to ExxonMobil Corp was released after a Canadian National Railway Co freight train derailed on Friday at Plainfield, Illinois.
IEA study unveils key role for trucks in global oil-demand growth
Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and the environment.
EIA: Even as renewables increase, fossil fuels continue to dominate US energy mix
Fossil fuels have provided more than 80% of total US energy consumption for more than 100 years. Since 1928, when consumption of natural gas surpassed that of biomass, the three fossil fuels—petroleum, natural gas, and coal—have been the most consumed fuels in the United States. In 2016, fossil fuels accounted for 81% of total US energy consumption, the lowest fossil fuel share in the past century.
All eyes on July for US oil demand to drain glut
NEW YORK (Reuters) — US oil traders are hoping the sweltering days of July are also hot ones for demand, believing the new month is the last best opportunity this year to see the overhang of inventories finally subside.
Could your facility benefit from a marine terminal assessment?
How sure would a terminal manager at a distribution terminal, or a line manager at a refinery or a chemical plant that has marine loading and unloading docks, be that those docks are being operated at a level that ensures long-term safe performance?
Refining: Fuel processing vs. imports in East Africa: Will new refinery plans be realized?
Many analysts believe that Africa will remain a net importer of petroleum products for the foreseeable future. However, a few countries in the region have plans in place to build new refineries.
Industry Metrics
US gasoline crack spreads continued to rally, but were offset by supply-side pressure as higher refinery runs contributed to increased inventories.
OPEC oil output jumps to 2017 high as Nigeria, Libya pump more
LONDON (Reuters) — OPEC oil output has risen in June by 280,000 bpd to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal offset strong compliance by their peers.
- Clariant catalysts continue to shrink customer footprints: 45M tons of CO2e avoided in 2025 5/26
- Mitsubishi Chemical Group considers spinning off petrochemicals business 5/26
- Hitachi Energy and Volvo Construction Equipment announce collaboration to accelerate zero-emissions construction sites 5/26
- Aramco and PETRONAS Announce Transfer of Full Ownership of PRefChem to PETRONAS 5/26
- ENOC and Allied Biofuels sign MoU to explore offtake/distribution of SAF and eSAF 5/26
- Hanwha Power and the University of Alberta sign MoU to advance R&D of low-carbon power technologies 5/26
