12082016Thu
Last update: Thu, 08 Dec 2016 02pm

Americas

Markets - Energy - Americas

Valero Port Arthur FCCU resumed normal ops Saturday HOUSTON: The gasoline-producing fluidic catalytic cracking unit resumed normal operations on Saturday at Valero Energy Corp's 335,000 barrel per day (bpd) Port Arthur, Texas refinery, said sources familiar with plant operations. The 75,000 bpd FCCU sustained an upset on Friday afternoon and returned to normal operatons by Saturday afternoon, the sources said. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Exxon begins planned maintenance at Joliet, Illinois refinery HOUSTON: Exxon Mobil Corp began planned maintenance this weekend at its 238,600 barrel per day (bpd) Joliet, Illinois refinery, a company spokeswoman said on Monday. Energy industry intelligence service Genscape said a catalytic reformer was shut on Sunday at the refinery. Exxon spokeswoman Tricia Simpson declined to identify the units involved in the work. "All customer commitments are being met," Simpson said. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Oil rises in New York, buoyed by OPEC cheer NEW YORK: Oil prices finished higher in New York on Friday, two days after producing countries reached the consensus needed for a production cut.However prices edged lower in London, failing to break the threshold of $50 a barrel.On the New York Mercantile Exchange, a barrel of West Texas Intermediate for November delivery gained 41 cents to close at $48.24.In London, North Sea Brent fell 18 cents to settle at $49.06 on the Intercontinental Exchange.After weeks ...

Markets - Energy - Americas

Med Crude-Urals differentials steady in quiet trade MOSCOW: Urals differentials to dated Brent were little changed on Friday amid limited trading activity after a busy week in spot tenders and in the Platts window, Reuters sources said. Urals supplies from the Baltic Sea ports in October were set to reach a record high 7.5 million tonnes, while the arbitrage window to the Mediterranean closed after opening for a short time."There's no arbitrage (to the South) from the North, only one cargo (is ...

Markets - Energy - Americas

Oil gains, Deutsche Bank weighs on stocks; yen cuts losses NEW YORK: Crude oil futures rose on Thursday, adding to the previous session's rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said trading clients have withdrawn excess cash and positions held in the largest German lender. Energy stocks fared better than the rest of the market as oil prices rose. The Organization of the Petroleum Exporting Countries agreed to cut output to a ...

Markets - Energy - Americas

Oil rises close to $50/bbl; doubts on OPEC plan cap gains NEW YORK: Oil jumped more than 1 percent on Thursday, with Brent nearing $50 a barrel on optimism over OPEC's first planned output cut in eight years, although gains were limited by doubts the reduction would make a substantial dent in the global crude glut. The Organization of the Petroleum Exporting Countries agreed on Wednesday to cut output to 32.5-33.0 million barrels per day (bpd) from around 33.5 million bpd, estimated by Reuters to be ...

Markets - Energy - Americas

US oil industry skeptical over OPEC deal WASHINGTON: US oil industry analysts were hopeful but still skeptical Thursday that OPEC would be able to boost oil prices with an agreement to limit output.After seeing the crash in oil prices force a cutback of US domestic production of more than one million barrels a day, the tentative OPEC pact could deliver some relief to US drillers."OPEC's news might create a short-term price increase, but such prices would have to be sustainable for the ...