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Magellan reports decline in Q2 BridgeTex pipeline volumes
BridgeTex pipeline runs from West Texas to Houston HOUSTON, Aug 2 (Reuters) – Shipments on Magellan Midstream Partners’ 300,000 barrel per day (b/d) BridgeTex pipeline from West Texas, to Houston, Texas fell to around 210,000 b/d in the second quarter, as shippers opted to move their minimum requirements, executives said on Tuesday. The midstream operator also […]
Oil down 3 pct after modest U.S. draw; swings seen pre-UK vote
Oil prices volatile in run up to Brexit referendum By Barani Krishnan NEW YORK, June 22 (Reuters) – Oil prices settled down more than 1 percent on Wednesday after the U.S. government reported a smaller-than-expected inventory drawdown, and as investors fretted about Britain’s upcoming vote on whether to stay in the European Union. Crude futures rose […]
BP approves investment in Egypt gas field 15 months after discovery
BP working quickly to develop Mediterranean’s untapped fossil fuel reserves LONDON, June 20 (Reuters) -BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery. The British oil major, which declined to give an investment figure for the project, said […]
Japan doubles down on coal power as trading houses curb investment
Japan burning record amounts of coal after Fukushima disaster By Aaron Sheldrick and Osamu Tsukimori TOKYO, June 17 (Reuters) – As most developed economies turn their back on coal, Japan is burning record amounts for electricity generation and plans to use even more of the dirtiest fossil fuel to fill the gap after the Fukushima […]
German Economy Minister rejects calls to focus on exit from coal
German Economy Minister looks to end coal-fired power generation well before 2050 BERLIN, June 9 (Reuters) – On Thursday, the German economy minister rejected calls for Europe’s largest economy to focus on ending coal use in the way it plans to quit nuclear energy. “I will not call for a commission to deal with a […]
Nigeria to talk with Niger Delta Avengers – oil minister
Niger Delta Avengers attacks have cut output to 20-year low By Felix Onuah and Anamesere Igboeroteonwu ABUJA/ONITSHA, Nigeria, June 7 (Reuters) – Nigeria wants to talk with the Niger Delta Avengers militant group which has claimed a string of attacks that cut crude output sharply, its oil minister said, trying to stem a tide […]
Warren Resources files for Chapter 11 bankruptcy
Warren Resources operates in California, Pennsylvania By Tom Hals WILMINGTON, Del., June 2 (Reuters) – Warren Resources Inc , an exploration and production company with operations in California and Pennsylvania, filed for bankruptcy protection on Thursday, according to a court filing. The filing comes as a severe downturn in oil prices has forced scores of energy […]
China seizes oil tanker in tax evasion probe
China stepping up efforts to crack down on fuel smuggling By Chen Aizhu and Florence Tan BEIJING/SINGAPORE, June 1 (Reuters) – China seized a tanker and detained several people last month, including one employee of Swiss trading house Gunvor, as part of a probe into suspected tax evasion on imported oil, Chinese and trading industry officials […]
Japan to cut emphasis on nuclear, up coal use in next energy plan
Wore than 40 new coal power stations stations planned in coming years, putting emissions targets at risk By Aaron Sheldrick TOKYO (Reuters) – Japan will cut reliance on nuclear power when it releases an updated energy plan as early as next year, reflecting public opposition and a recognition that current policy is unrealistic, three sources […]
Iran’s May oil exports set to surge 60% from year ago -source
Iran loadings to Asia were 1.7 million bd in April, 1/3 higher than year ago (most since 2011) By Aaron Sheldrick and Osamu Tsukimori TOKYO, May 18 (Reuters) – Iran’s oil exports are set to surge in May, climbing nearly 60 percent from a year ago, with European shipments recovering to about half of pre-sanction […]
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