In 2015. Schlumberger agreed to buy 45.65 percent of EDC for $1.7 billion. but the deal fell through after the Russian anti-monopoly repeatedly postponed its approval.
Read More »European Refiners Set to Benefit from Gulf Coast Chaos
The East Coast of the U.S. could avoid supply disruptions for the time being because of adequate storage.
Read More »Is Trump Trying to Use the IAEA to Kill the Iran Deal?
There is a broad consensus among US allies in Europe that the nuclear deal should be maintained.
Read More »Exxon Restarting Second-Largest U.S. Refinery
The company said it began initial restart of the 560.500 barrel per day (bpd) Baytown refinery on Friday night.
Read More »US Reputation at Risk Under Trump
According to some US media reports. Trump and his team are trying to put together some documents to show that Iran is not complying with the agreement.
Read More »Harvey`s Global Impact Signals Growing U.S. Clout in Oil Markets
Harvey’s full impact will only be known once refiners assess the damage to their flooded plants.
Read More »US Wants to Prevent Flow of Iranian Oil on Market
The US is trying to prevent a flux of Iranian oil on the market.
Read More »Washington Ready to Block Potential Russian Takeover of U.S. Oil Firm
The Trump administration is ready to block a Russian state-owned oil giant from gaining control of critical energy assets in the U.S. owned by Venezuela.
Read More »US Sanctions Force Russia’s Oil Giant Lukoil to Sell Its Distributor Litasko
Lukoil controls refineries in Romania. Bulgaria. Italy and the Netherlands. The company declined to comment on Reuters'. message about the possibility of Litasco selling.
Read More »Largest US Oil Refinery Closes Due to Harvey
Gasoline prices spike as quarter of country’s oil refining capacity taken offline.
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