Indonesia's state-owned oil and gas company Pertamina has signed a heads of agreement for a $5.5 billion upgrade of the Cilacap refinery with Saudi Aramco, president director Dwi Soetjipto said in a statement Thursday. The project is ...
Tags: crude distillation, refinery, sour crude
The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...
Tags: Dubai crude, gasoline, sour crude
The US extended the delivery window on its sale Friday of 5 million barrels of Strategic Petroleum Reserve sour crude to May 10 from the original April 1-30, according to an amendment to the sale posted on the SPR website. A second ...
Tags: imported oil, SPR crude
The US will sell 5 million barrels of sour crude from its Strategic Petroleum Reserve as part of a test sale to evaluate its ability to distribute oil in the event of an emergency, the Department of Energy said Wednesday in a Notice of ...
Tags: Sour Crude, Department of Energy
BP announced today all of the major new units associated with the Whiting modernization project have been successfully brought on stream. The start-up of the new 102,000 barrel per day coker in mid-November marked the last major milestone ...
A chief executive officer of a U.S. energy giant on Tuesday called for the government to remove its current ban on crude oil exports so as to lower consumer prices and stimulate further shale oil production, the Houston Chronicle reported. ...
Tags: Crude Oil, Export Ban
Relative strength in premiums for the sour Middle Eastern crude market seen in recent days showed continued upward momentum Wednesday, as Asian refiners look to cover winter requirements and Chinese buyers look to re-stock, trading sources ...
Tags: Premiums, Metallurgy, Mineral, Energy
The Northwest European Urals differential has moved to a premium to the lighter Forties crude grade for the first time in nine months, as supplies of the Russian sour crude tighten and demand for the North Sea grade slackens, market sources ...
Weakening crude refining margins and middle distillates cracks have led to low buying interest among Northeast Asian refiners for prompt May loading ESPO blend crude, trading sources said Thursday. Three to four of the 19 ESPO blend crude ...
Tags: Distillate Cracks, Chemicals
Russia's export of ESPO Blend crude loading from Kozmino port is fixed at 19 cargoes in May, the highest monthly figure since exports of the grade began in December 2009 and up from 17 in April. The increase is in line with the completion ...
Tags: Metallurgy, Mineral, Energy, oil
As southbound pipeline capacity is built and there's less demand in the Midwest, West Texas Intermediate will stabilize and trade at about $7/b under Light Louisiana Sweet, an industry expert said at an event Friday. Less demand for WTI, ...
Tags: Pipe Capacity, pipeline, Midwest
The Houston to Nederland, Texas, segment of Shell Pipeline's Houston to Houma, Louisiana, crude pipeline reversal project is open for shippers, a company spokeswoman said Wednesday. "The reversal is progressing on schedule, and the ...
Tags: Shell Pipeline, crude pipeline reversal project, crude
Iraq's State Oil Marketing Organisation(SOMO)has this morning adjusted its official selling prices for its Basra Light and Kirkuk crude grades for January. In common with some other countries,Iraq's oil is priced relative to regional ...
Tags: SOMO, oil, Basra Light, Kirkuk crude
In many of the world's crude reservoirs running out of sweet light crude, refineries increasingly are required to refine heavier sour crude oil that contains a larger amount of impurities, including significantly higher quantities of ...
Tags: News Update, Market View, filter