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Reuters

Oil prices rose on signs of surging demand in China, the world’s second-biggest oil consumer, although the market was heading for a second week of losses on rising U.S. inventories and concern that trade wars were curbing economic activity more

Refining/Petrochemical

The Environmental Protection Agency aims to release its draft rule allowing year-round sales of higher ethanol gasoline blends by February, and end deliberations on the proposal by May. more

Chemical Processing

Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations. more

Refining/Petrochemical

Oil prices rose on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico because of Hurricane Michael. more

Refining/Petrochemical

Irving Oil

REUTERS/Michael Hawkins

Irving Oil Corp shut its Saint John refinery in the Canadian province of New Brunswick on Monday morning after an explosion and a major fire that followed, with photos showing flames and smoke billowing from the complex. more

Emergency Response & Fire Rescue/Security

Crude futures steadied after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports. more

Refining/Petrochemical

Oil prices steadied just below four-year highs on Friday as world fuel markets tightened ahead of a new round of U.S. sanctions on Iranian oil exports due to be imposed in November. more

Refining/Petrochemical

EQT Corp expects to finish the $4.6 billion Mountain Valley pipeline from West Virginia to Virginia in the fourth quarter of 2019 despite a recent decision by a federal court to vacate a federal permit for the project. more

Pipeline/Transportation

Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity. more

Drilling & Exploration

U.S. East Coast oil refiners are ramping up rail deliveries of crude from Western Canada, grabbing stranded barrels that full pipelines have driven to a record discount. more

Refining/Petrochemical

The west Texas drillers that drove the shale revolution have overwhelmed the region’s infrastructure with oil production -driving up costs, depressing regional oil prices and slowing the pace of growth. more

Drilling & Exploration

U.S. President Donald Trump took credit for salvaging a trilateral free trade accord with Canada and Mexico, marking it as a victory in his campaign to reshape global commerce as financial markets breathed a sigh of relief. more

Health, Safety & Environmental

General Electric Co (GE.N) ousted Chief Executive Officer John Flannery in a surprise move, replacing him with outsider and board member Larry Culp. more

Plant Management & Operations

Husky Energy Inc. has made an unsolicited bid to acquire rival MEG Energy Corp in a deal valued at C$6.4 billion ($5 billion) including debt. more

M&A/Investment

Lyondell Basell Industries was performing an emergency shutdown of its 263,776 barrel per day (bpd) Houston refinery. more

Refining/Petrochemical

Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply. more

Refining/Petrochemical

Oil prices rose on Friday ahead of a meeting of OPEC and other large crude exporters that will focus on production increases as U.S. sanctions restrict Iranian exports. more

Refining/Petrochemical

Oil prices steadied on Thursday but the market remained bullish after news of another fall in U.S. crude inventories and on signs that OPEC may not raise production enough to compensate for the loss of Iranian exports hit by U.S. sanctions. more

Refining/Petrochemical

China’s Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province’s heavily discounted crude. more

Downstream

Oil eased on Wednesday, but held near its highest level this year, as concerns that producers may fail to cover a supply shortfall once U.S. sanctions on Iran come into force outweighed an increase in U.S. inventories. more

Refining/Petrochemical

Double Eagle Energy Permian LLC is now worth nearly $3 billion. more

Industry Segments

  • Irving Oil

    REUTERS/Michael Hawkins

    Irving Oil

    Flames are visible at the scene of a major explosion and fire at the Irving oil refinery in Saint John, New Brunswick October 8, 2018.

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