Crude oil
Saudi oil minister welcomes new energy sources
Mr. Naimi said that prospects for global production of shale gas and oil -- including in China, Ukraine and Poland -- were so promising that the kingdom might not need to continue with its decades-long policy of maintaining an output cushion in case of disruptions in global supply.
Suncor, Total kill plan for Alberta bitumen upgrader
Amid the ongoing US oil boom, Suncor executives said it may not make sense to spend money on a new upgrading facility, which was to be located in Alberta. Instead, Suncor said it could be more economical to simply send unprocessed heavy bitumen to refiners equipped to handle it.
Kinder Morgan to boost US condensate processing after BP throughput deal
Kinder Morgan's processing facility will split condensate into its various components, such as light and heavy naphtha, kerosene, diesel and gas oil, and can be expanded pending additional market demand, the company said. The new investment will increase its total capacity to 100,000 bpd.
US refinery use signals stronger crude demand
A better-than-expected increase in last week's US refinery utilization rates is welcome relief to recent concerns that weak demand was contributing to a surplus of crude oil.
Canadian Pacific train derails in US, spilling crude
CP crews are on the scene, and the spill is being contained. The derailment comes amid a surge in rail-shipped oil across North America, as US and Canadian production booms. That has heightened scrutiny over the safety of transporting increasing quantities of crude on the continent's railroads.
US proposes $1.7 million fine against ExxonMobil for Montana oil pipeline leak
The US Pipeline and Hazardous Material Safety Administration, the federal agency that oversees pipeline safety, said Exxon didn't have written procedures instructing employees how to protect the pipeline in case of natural disasters. Exxon was "disappointed in the findings of this report".
Williams shuts down natural gas pipeline in West Virginia after explosion
A large explosion occurred shortly after noon local time and forced local residents to evacuate their homes, said Marshall County Sheriff Kevin Cecil. The pipeline automatically shut down after the explosion, and residents were allowed to return to their home at around 2:30 p.m.
Phillips 66 inks three logistics pacts to boost crude supply for US refineries
The agreements for rail loading and terminaling services and a pipeline project will help Phillips 66 increase supplies of cost-advantaged North American crude oil to its US refineries.
Canada pledges to toughen oil tanker safety rules
Resources Minister Joe Oliver and Transport Minister Denis Lebel were in Vancouver, British Columbia this week to unveil the latest proposals, which include establishing a panel tasked with recommending further changes to create a so-called "world-class" tanker safety system.
US fuel makers use rail lines to tap Canadian oil
As the fight over the Keystone XL pipeline drags on, US refiners are turning to railroads to bring crude from Canada's oil sands to many refineries along the Gulf of Mexico.
- EPA finalizes historic new renewable fuel standards to strengthen American energy security 3/30
- The role of integrated biorefineries in achieving alternative fuel goals 3/30
- The entire Itabus fleet travels with Enilive HVO diesel biofuel 3/30
- Czech government agrees to release 100,000 tonnes of crude from reserves 3/30
- South Korea's LG Chem to import Russian naphtha 3/30
- PetroChina says operations 'overall normal', Strait of Hormuz accounts for about 10% of its supplies 3/30
