07282016Thu
Last update: Thu, 28 Jul 2016 07pm

Americas

Markets - Energy - Americas

Shell JV Deer Park refinery preps Sept-Oct FCCU work HOUSTON: Royal Dutch Shell Plc's 285,500 barrel per day (bpd) joint-venture Deer Park, Texas refinery is preparing for an overhaul in September and October of the gasoline-producing fluidic catalytic cracking unit, sources familiar with the refinery's plans said on Wednesday. In addition to the 70,000 bpd FCCU, the overhaul will also include the Gerbitol unit, which reduces air pollution, and one other unit, the sources said. The work is expected to take at least six weeks. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Oil edges up further as Brexit shock fades; US drawdown seen NEW YORK: Oil prices rose for the second straight day on Wednesday as concerns over Britain's exit from the European Union faded and impending data was expected to show a sixth weekly draw in US crude stockpiles. A potential oil workers strike in Norway and a crisis in Venezuela's energy sector also provided support to crude futures. The US Energy Information Administration will release weekly oil supply-demand data at 10:30 a.m. EDT (1430 GMT). The ...

Markets - Energy - Americas

Brazil has no immediate plans to raise tax on gasoline sales SAO PAULO: The Brazilian government has no immediate plans to raise the so-called Cide tax on gasoline, Ricardo Dornelles, a senior official at the Mines and Energy Ministry, said on Monday. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Canada oil sands output to grow 42 percent by 2025 CALGARY: Canada's oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than new projects, analysts at IHS Energy said on Monday. The million-barrel-per-day increase in output over the next nine years is less than what IHS would have estimated before the collapse in global oil prices, spokesman Jeff Marn said. Low crude prices have forced producers ...

Markets - Energy - Americas

Oil up in choppy trade ahead of Britain's EU vote NEW YORK: Oil prices rose in volatile trade on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union. Oil prices were also supported by market intelligence firm Genscape's report of a drawdown of nearly 1 million barrels at the Cushing, Oklahoma storage base for US crude futures during the week to June 21, traders who saw the ...

Markets - Energy - Americas

Canada oil output to jump 28pc by 2030, transport an issue CALGARY: Oil output from Canada's vast reserves is set to outpace infrastructure to bring that crude to market in coming years, the Canadian Association of Petroleum Producers (CAPP) said on Thursday, even as it scaled back its long-term growth forecast.The industry group representing Canada's oil and natural gas producers predicted in its annual growth forecast that output will grow by 28 percent to 4.9 million barrels per day (bpd) by 2030. This was lower than ...

Markets - Energy - Americas

US Cash Soymeal-CIF offers firm on freight gains, export demand CHICAGO: Basis offers for US soymeal were higher in the export barge market on Thursday, lifted by increased shipping costs on Midwest rivers and good export demand along the Gulf Coast, dealers said.Seasonal downtime at some soybean processing plants also limited available supplies, further underpinning export offers. However, sluggish domestic demand weighed on offers in the soymeal truck market with truck offers easing by $3 per ton in Minnesota, the dealers said.The US Department of ...