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BP’s 440,000-bpd refinery in Whiting, Indiana, is expected to be fully operational in the next 24 to 48 hours, industry monitor IIR said on Monday. The refinery experienced operational upsets last week due to flooding caused by a severe thunderstorm that swept through the state. BP declined to comment on the refinery’s restart timeline. The …
(Reuters) – Ukraine has stepped up drone attacks on Russian oil refineries and exporting infrastructure, striking the most important sector of President Vladimir Putin’s economy to show it can fight back as the United States seeks to broker a peace deal. The attacks disrupted Moscow’s oil processing and exports, created gasoline shortages in some parts …
Russian Oil Refineries, Terminals Burn as Ukraine Hits Putin’s War Economy Read More »
President Vladimir Putin said on Friday that there was “light at the end of the tunnel” in Russia-U.S. relations and that the two countries were discussing joint projects in the Arctic and Alaska. The Russian president, answering questions during a visit to a nuclear research centre, said he was sure that U.S. President Donald Trump’s …
By Georgina Mccartney Potential stronger sanctions against Russia back in focus Prices also supported by US crude stocks drawdown German economic data raises concerns over demand HOUSTON – Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for …
Oil Prices Rise, Make Weekly Gains as Ukraine Peace Process Stalls Read More »
(Reuters) – Oil output in North Dakota is set to rise in August as operators bring back online some production they had curtailed after oil prices sank earlier in the year, the state regulator said on Friday. Oil prices fell to multi-year lows last quarter after U.S. President Donald Trump unveiled an extensive list of …
CALGARY – Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at CDN $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the Cenovus deal …
CANADIAN MEGA DEAL – Cenovus Signs Cash-and-Stock Deal to Buy MEG Energy Read More »
Summary Ukraine stepping up attacks on Russian energy infrastructure Unecha pumping station key part of Europe-bound Druzhba pipeline Russian regional governor says Unecha site catches fire as result of Ukrainian missile, drone attacks Oil flows could be halted for five days Hungary, Slovakia call on Europe to guarantee supply security KYIV/BUDAPEST, Aug 22 (Reuters) …
Ukrainian Attack Suspends Russian Oil Flows to Hungary, Slovakia Read More »
WASHINGTON, Aug 21 (Reuters) – The Trump administration on Thursday issued more Iran-related sanctions, targeting 13 entities based in Hong Kong, China, the United Arab Emirates and the Marshall Islands, as well as eight vessels, the U.S. Treasury Department said. The measures cover Greek national Antonios Margaritis and his network of companies and vessels that …
US Issues Sanctions on Networks, Vessels for Dealing in Iran Oil Read More »
By Yongchang Chin, Alex Longley, and Christopher Charleston Asian oil refiners have been hunting for crude from further afield than their usual suppliers in the Middle East, but this more diversified strategy isn’t stirring a market that’s bracing for a glut. The region that consumes around 40% of the world’s oil normally subsists on a …
Oil Market Braced For Glut as Asian Refiners Look Further Afield For Crude Read More »
By Jarrett Renshaw EPA expected to rule soon on a number of the 190 pending refiner exemption requests. EPA expected to delay decision on whether larger refiners should make up for exempted gallons. The decisions will have significant impacts on oil and farm industries. Aug 21 (Reuters) – President Donald Trump’s administration is expected to …
US to Rule on Biofuel Waivers, But Big Oil Refiners May Need to Wait, Sources Say Read More »
