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Trudeau’s pipeline expansion gets boost from court ruling

7 hours ago DieselGasoil Comments Off on Trudeau’s pipeline expansion gets boost from court ruling
By Natalie Obiko Pearson on 5/24/2019 Photo: Canada Prime Minister Justin Trudeau. VANCOUVER (Bloomberg) — Prime Minister Justin Trudeau’s bid to complete the controversial Trans Mountain pipeline expansion has received a British Columbia top appeals court ruling that states that the province doesn’t have the jurisdiction to restrict shipments of oil-sands crude. Premier John Horgan’s Read More

Oil edges higher but set for biggest weekly loss of 2019

9 hours ago DieselGasoil Comments Off on Oil edges higher but set for biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Read More

Germany monitoring oil supplies closely as Russian pipeline outage drags on

12 hours ago DieselGasoil Comments Off on Germany monitoring oil supplies closely as Russian pipeline outage drags on
London — Germany is not planning to tap its strategic oil reserves but is monitoring the local fuel supply situation closely, the country’s economy economic and energy ministry said Friday, faced with at least another month without piped Russian crude imports. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Shell Midstream Partners, L.P. Announces Proteus and Endymion Transports First Oil from Shell-operated Appomattox in the Gulf of Mexico

13 hours ago DieselGasoil Comments Off on Shell Midstream Partners, L.P. Announces Proteus and Endymion Transports First Oil from Shell-operated Appomattox in the Gulf of Mexico
Houston, May 24, 2019 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) announced today that the systems owned by Proteus Oil Pipeline Company LLC (“Proteus”) and Endymion Oil Pipeline Company LLC (“Endymion”) increased volumes of crude oil from the startup of the Shell-operated Appomattox floating production system via the newly commissioned Mattox Pipeline (“Mattox”), Read More

U.S. gasoline prices this Memorial Day weekend are nearly the same as last year’s

15 hours ago DieselGasoil Comments Off on U.S. gasoline prices this Memorial Day weekend are nearly the same as last year’s
May 24, 2019 Heading into the 2019 Memorial Day weekend, regular gasoline prices averaged $2.85 per gallon (gal) nationally on May 20, slightly lower than last year’s price of $2.92/gal before the holiday weekend. EIA expects U.S. regular retail gasoline prices will increase in the coming months and average $2.92/gal during the 2019 summer season Read More

Petrobras to deliver first VLCC cargo to its China bonded storage by end-June

19 hours ago DieselGasoil Comments Off on Petrobras to deliver first VLCC cargo to its China bonded storage by end-June
Singapore — Brazil’s Petrobras is scheduled to deliver a VLCC crude cargo to bonded storage facilities it has leased at Qingdao port in China’s eastern Shandong province by end-June, according to a port source with knowledge of the vessel and ship tracking data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Exclusive: EPA to unveil less ambitious U.S. biofuel credit reform – sources

1 day ago DieselGasoil Comments Off on Exclusive: EPA to unveil less ambitious U.S. biofuel credit reform – sources
WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency plans to unveil a narrowed-down version of its proposed biofuel credit market reform this month after regulators concluded many of the agency’s initial ideas required more time to study, according to four people briefed on the matter. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign Read More

Crude futures tumble with equities as US-China trade war continues

1 day ago DieselGasoil Comments Off on Crude futures tumble with equities as US-China trade war continues
Highlights US crude, product builds driving the decline Global demand growth concerns weigh Washington deadlock bearish New York — Crude futures fell to their lowest levels since mid-March Thursday on trade tensions between the US and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX July crude settled Read More

Heavy rains limit operations at Oklahoma refinery, oil pipeline

1 day ago DieselGasoil Comments Off on Heavy rains limit operations at Oklahoma refinery, oil pipeline
(Reuters) – Heavy rains and storms slamming the central United States forced the closure of a HollyFrontier Corp refinery in Oklahoma and a portion of Tallgrass Energy LP’s crude oil pipeline on Thursday. Severe weather in the central United States has left three people dead on Thursday, local media said, as tornadoes raked across southwest Read More

Angola poised for South African energy expansion

1 day ago DieselGasoil Comments Off on Angola poised for South African energy expansion
5/23/2019 Photo: (left) Angola President Joao Lourenco and (right) Guillaume Doane, CEO of Africa Oil & Power. JOHANNESBURG — As Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest African neighbors are also entering the race to tap into vast investment opportunities in Africa’s second biggest oil Read More