Europe
Oil headed for weakest first-half performance in two decades
LONDON (Reuters) — Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.
Report: Oil firms could waste trillions if climate targets reached
LONDON (Reuters) — Energy giants including ExxonMobil and Royal Dutch Shell risk wasting more than a third of their budgets on projects that will not be needed if climate targets are to be met, a thinktank report shows.
Oil prices hit seven-month lows on global oversupply
LONDON (Reuters) — Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend which has undermined attempts by OPEC and other producers to support the market through reduced output.
Finnish refiner Neste faces strike over proposed government stake sale
HELSINKI (Reuters) — Employee groups at Finnish refiner Neste plan to halt fuel distribution from its domestic refineries for more than six days in protest against government plans to reduce state ownership in the company.
Oil prices bounce but stuck near 2017 lows on supply overhang
LONDON (Reuters) — Oil prices edged up from 2017 lows on Friday but remained on track for a fourth consecutive week of losses because of excess supplies, despite OPEC-led production cuts.
Oil hits six-week low as OPEC fails to curb oversupply
LONDON (Reuters) — Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts.
Chinese traders ship jet fuel from Singapore to Europe
SINGAPORE (Reuters) — Chinese traders are shipping jet fuel from Singapore to Europe even as domestic demand in China is set to strengthen during summer season air travel, industry sources said.
Munich, home to BMW, considers diesel ban to tackle pollution
FRANKFURT (Reuters) — Munich, home to carmaker BMW , has become the latest German city to consider banning some diesel vehicles amid "shocking" nitrogen oxide emissions in the Bavarian capital.
INEOS to construct PDH unit, increase cracker facilities capacity
INEOS has announced plans to construct a world-scale Propane Dehydrogenation (PDH) unit in Europe. The plant will produce 750,000 tpy of propylene for INEOS units across the continent.
Porvoo is first city in Finland to use Neste renewable diesel in all diesel vehicles
Porvoo is the first city in Finland to start using Neste MY Renewable Diesel, produced 100% from waste and residues, in all of its diesel-fueled vehicles during this year. The municipal engineering department of Porvoo and the free summer bus Rinkeli will start using the product immediately.
- Oil tankers steer clear of Hormuz ahead of U.S. blockade 4/13
- Vietnam's Binh Son refinery has enough crude oil to operate until early July 4/13
- Inpex to send additional condensate to Australian refineries 4/13
- Saudi Arabia restores full capacity on East-West oil pipeline to 7 MMbpd after attacks 4/13
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
