Saudi Arabia's crude oil exports in July rose to their highest since January, the Joint Organisation Data Initiative said on Thursday. The kingdom's crude oil exports rose to 6.327 million barrels per day in July, up from 5.965 million bpd in June.
- Biofuel producers are seeking last-minute changes to a proposal to boost production of sustainable aviation fuel tucked in the Democrat's $3.5 trillion spending plan that they say will allow the nation's farmers to join the emerging multi-billion market.
Exports of Malaysia's flagship crude oil Kimanis will fall in October and November after a production issue at an offshore oilfield operated by Royal Dutch Shell (RDS/A), three sources with knowledge of the matter said. Petroleum Brunei, one of the stakeholders, cancelled a tender to sell a Kimanis crude cargo that was supposed to load in early November because of the problem, one of the sources said.
Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. Gulf production from Hurricane Nicholas receded. U.S. Gulf energy companies have been able to restore pipeline service and electricity quickly after Hurricane Nicholas passed through Texas, allowing them to focus on efforts to repair the damage caused weeks earlier by Hurricane Ida.
Fertilizer producer CF Industries
Holdings Inc (CF) said on Wednesday it was halting operations at both its Billingham and Ince, UK, manufacturing complexes due to higher natural gas prices. U.S. natural gas futures rose 3.8% to settle at $5.460 per million British thermal units on Wednesday, their highest close since February 2014 for a third day in a row.
Sept 15 - A slew of private equity-backed oil and gas companies have been put up for sale in the Canadian energy patch, as higher crude prices prompt buyout shops to exit and free some of their capital that was locked far longer than originally intended.
Fujairah Oil Industry Zone on Wednesday published the
following weekly inventory data for oil products for the week ended Sept. 13, according to
industry information service S&P Global Platts.
Oil prices rose over $2 a barrel on Wednesday after government data showed a larger-than-expected drawdown in U.S. crude inventories, and on expectations demand will rise as vaccination roll-outs widen.
Colonial Pipeline, the United States' largest fuel pipeline, on Tuesday said it had resumed operations on its main gasoline Line 1, while distillate Line 2 remained down due to a power outage in the Houston area after Hurricane Nicholas made landfall. Meanwhile, Colonial's multiproduct Lines 3 and 4 continued to operate normally, the company said in a notice to shippers.
Colonial Pipeline, the nation's largest fuel line, said it shut its main gasoline and distillate lines early on Tuesday morning due to a power outage in the Houston after storm Nicholas made landfall. But pipelines 3 and 4 continue to operate normally, the company said in a notice to shippers.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
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