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Devon to sell Canadian oil assets to Canadian Natural Resources

3 weeks ago DieselGasoil Comments Off on Devon to sell Canadian oil assets to Canadian Natural Resources
Houston — In the first step of its plan to transition into a US oil growth business, Devon Energy is divesting its Canadian business to Canadian Natural Resources, the company said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Devon’s Canadian portfolio is composed of heavy oil assets Read More

LLOG-operated Buckskin well to come online in US Gulf of Mexico by mid-June: executive

3 weeks ago DieselGasoil Comments Off on LLOG-operated Buckskin well to come online in US Gulf of Mexico by mid-June: executive
Highlights Remote field is LLOG’s first ultra-deep project Two initial wells to be brought online Later, Leon remote well will be drilled New Orleans — LLOG Exploration, one of the largest private US Gulf of Mexico operators, expects the Buckskin oil development it operates to come on stream in June, making the company an ultra-deepwater Read More

DR Congo oil minister confirms exit of Total from key oil block

3 weeks ago DieselGasoil Comments Off on DR Congo oil minister confirms exit of Total from key oil block
Highlights New licensing round to launch end-2019 Block III estimated to contain 1.2 billion barrels of oil Partner Efora Energy to seek license extension Kampala — Oil major Total has relinquished its interest in the lucrative Block III in the eastern part of the Democratic Republic of Congo, oil minister Aime Ngoy Mukena told S&P Read More

Hungary to receive clean Druzhba crude Wed: Transneft

3 weeks ago DieselGasoil Comments Off on Hungary to receive clean Druzhba crude Wed: Transneft
Moscow — Russian pipeline operator Transneft said Wednesday that crude pumping has resumed at Fenyeslitke in Hungary, and estimates that clean Druzhba crude will enter the system by 6:00 pm local time (1600 GMT). Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Deliveries of Russian crude to Hungary via Read More

China’s April oil product consumption falls 2.4% on year: NDRC

3 weeks ago DieselGasoil Comments Off on China’s April oil product consumption falls 2.4% on year: NDRC
Singapore — China consumed 27.06 million mt of oil products in April, down 2.4% year on year, the National Development and Reform Commission said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is the first time in three years that monthly oil product consumption figures published by Read More

Singapore Marine Fuel 0.5% premium hits new record high on stockpiling demand

3 weeks ago DieselGasoil Comments Off on Singapore Marine Fuel 0.5% premium hits new record high on stockpiling demand
Singapore — The premium of Singapore Marine Fuel 0.5% to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments rose Tuesday to a new record high, driven by stockpiling demand, S&P Global Platts data showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Singapore Marine Fuel Read More

Dubai crude futures slip further below Brent as buying interest abates

3 weeks ago DieselGasoil Comments Off on Dubai crude futures slip further below Brent as buying interest abates
Singapore — The Dubai futures discount to same-month ICE Brent futures widened further Wednesday on waning buying interest from end-users for Middle Eastern sour crude as the July trading cycle comes to a close. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Brent/Dubai Exchange of Futures for Swaps Read More

Crude oil futures dip on growth concerns ahead of US stocks data

3 weeks ago DieselGasoil Comments Off on Crude oil futures dip on growth concerns ahead of US stocks data
Singapore — Crude oil futures were lower during mid-morning trade in Asia Wednesday amid macroeconomic growth concerns and ahead of the release of weekly US stocks data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:30 am Singapore time (0230 GMT), July ICE Brent crude futures were down Read More

Flooding shuts MPLX’s Ozark crude pipeline to Illinois: sources

3 weeks ago DieselGasoil Comments Off on Flooding shuts MPLX’s Ozark crude pipeline to Illinois: sources
Washington — Severe flooding in Oklahoma continues to impact crude flows to and from the Cushing oil storage hub as MPLX shut its 360,000 b/d Ozark crude pipeline to Patoka, Illinois, sources said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The closure provided further support for gasoline Read More