Crude oil
Fairway begins operations at Houston crude oil storage facility
HOUSTON – Fairway Energy Partners, LLC announced that it has commenced initial commercial operation at its Pierce Junction Crude Oil Storage Facility. The project will serve the Houston area’s crude oil storage needs driven by the growth of pipeline-delivered crude oil into and through the Houston market.
Saudi Arabia pushes ahead with renewable drive to diversify energy mix
RIYADH (Reuters) -- Saudi Arabia aims to produce 10% of its power from renewable sources in the next six years as it pushes ahead with a multi-billion-dollar plan to diversify its energy mix and free up more crude oil for export.
India's exports revival picks up speed in March
NEW DELHI (Reuters) -- A recovery in Indian exports gathered steam in March with a pick-up in demand for engineering and petroleum products, bolstering an economy still recovering from the government's cash clampdown.
Russia's Transneft says oil supply schedule for Belarus in 2Q 2017
MOSCOW (Reuters) -- Russia will supply 5 MMt of oil to Belarus in the second quarter, down from 6 MMt seen previously, Russian oil pipeline monopoly Transneft said on Friday.
EIA: More Chinese crude oil imports coming from non-OPEC countries
China is the world’s largest net importer of crude oil, and in recent years, China’s crude oil imports have increasingly come from countries outside the Organization of the Petroleum Exporting Countries (OPEC).
Dakota Access Pipeline to start interstate service May 14
(Reuters) -- The controversial Dakota Access Pipeline will begin interstate crude oil delivery on May 14, according to a filing with the US Federal Energy Regulatory Commission.
Venezuela's PDVSA readies armada of fuel imports
HOUSTON (Reuters) -- About a dozen tankers are sailing to Venezuela or waiting offshore to discharge cargoes after state-run oil company PDVSA ramped up tenders to buy gasoline and other fuels to offset its weak refining output, according to traders and Thomson Reuters data.
China crude oil imports shatter record, top US intake
BEIJING (Reuters) -- China's crude oil imports surged to an all-time high in March to nearly 9.2 MMbpd, customs data showed on Thursday, far surpassing expectations and overtaking the United States as independent refiners ramped up their purchases.
For North Korea, cutting off oil supplies would be devastating
BEIJING/SEOUL (Reuters) -- Isolated North Korea doesn't consume much oil, but curbing or cutting off its supplies in retaliation for further nuclear or long-range missile tests would be painful and potentially destabilizing to the regime of Kim Jong Un.
Enterprise sets record for volumes at Texas gulf coast marine terminals
HOUSTON -- Enterprise Products Partners L.P. announced that the combined exports and imports of hydrocarbons across its marine terminals, including 18 deepwater docks along the Texas Gulf Coast, totaled a record 146 MMbbl on a gross basis during the first quarter of 2017.
- Chevron Technology Ventures' Catalyst program selects RapiCure 7/15
- GEA promotes more sustainable refinery processes with energy-efficient high-performance decanters 7/15
- China taps deeper into oil inventories despite biggest drop in refining on record 7/15
- China's Sinopec establishes four business units in major overhaul 7/15
- Japan refiners to diversify crude sources, explore support for Hormuz bypass routes 7/15
- Topsoe and Sasol bring advanced SAF technology to Allied Biofuel’s landmark project in Uzbekistan 7/14
