Connect to share and comment

BP to ramp up Whiting heavy crude processing sharply

LONDON (Reuters) - Oil major BP said on Tuesday its U.S. Whiting refinery will sharply increase processing of heavy crude grades within months to allow the company to it boost cash flow generation. The company told an investor presentation in London that the refinery, which is currently processing 350,000 barrels per day (bpd), would ramp up processing of heavy crudes to 280,000 bpd in the next few months from the current 160,000 bpd.

Iraq official says daily crude oil exports jump to 2.8M barrels per day in February

BAGHDAD - Iraq's daily oil exports surged to 2.8 million barrels per day in February, some half million barrels more than in the previous month, as international oil companies developed fields and export infrastructure, a senior official said on Saturday. The increase is crucial for Iraq, which sits atop the world's fourth largest proven reserves of conventional crude but has been struggling to rebuild the sector after years of war, sanctions, neglect and more recently, sabotage. Oil revenues make up nearly 95 per cent of its budget.

Oil drops as warmer weather, China outweigh supply data

Oil prices fell in Asia on Thursday as expectations for reduced demand due to warmer weather outweighed a smaller-than-expected increase in U.S. oil supplies. Benchmark U.S. crude for April delivery was down 31 cents to US$102.28 a barrel at 1:10 a.m. ET in electronic trading on the New York Mercantile Exchange.

Petrobras aims to be among world's 5 largest oil companies in 2030

Rio de Janeiro, Feb 26 (EFE).- Brazilian energy giant Petrobras has set itself the goal of being among the world's five largest oil companies in 2030. "Our goal is to be one of the five biggest global oil producers," Petrobras CEO Maria das Graças Foster said during a teleconference in which she provided details on the company's newly approved 2030 strategic plan. Petrobras will achieve oil output of 4 million barrels per day in 2020, she said.

Gallon of regular gas up 12 cents in US; factors include unrest in Venezuela, elsewhere

LOS ANGELES, Calif. - The average cost of a gallon of regular gasoline rose 12 cents, to $3.41, during the past two weeks. That's according to a survey released Sunday. Industry analyst Trilby Lundberg cited changes in the price of crude oil because of violence in the petroleum-producing nations of Venezuela and South Sudan. Although Lundberg says she expects further increases, the current price is still 38 cents per gallon lower than last year.

Iraq says crude oil exports dip by nearly 4.8 per cent in January; bad weather, attacks blamed

BAGHDAD - Iraq's Oil Ministry says crude exports have averaged 2.229 million barrels a day in January, a decrease of nearly 4.8 per cent from the previous month. In a statement posted on its website Wednesday afternoon, the ministry also said last month's revenues stood at $7.074 billion, based on an average price of $102.373 per barrel. December's oil exports averaged 2.341 million barrels a day, bringing that month's revenues to $7.470 billion, based on an average price of $102.893 per barrel.

World Chefs: Thielen revamps Midwestern staples in first book

By Richard Leong NEW YORK (Reuters) - Amy Thielen offers her updated twists on beef pot roast, fried smelt and other classic dishes from her childhood in her first cookbook "The New Midwestern Table." The 39-year-old chef reconnected with her fondness for the region's cuisine after she and her family moved back to Minnesota, where she was born, several years ago. She had spent seven years in New York as a chef at the fine-dining restaurants of Michelin-star chefs David Bouley, Daniel Boulud and Jean-Georges Vongerichten.

Crude oil ends week with small gain amid forecasts of better global demand

The price of oil fell slightly Friday but stayed just above US$100 a barrel to end the week with a small gain. Benchmark West Texas Intermediate crude for March delivery dropped five cents to close at US$100.30 a barrel on the New York Mercantile Exchange. For the week, oil was up 42 cents. Some economic indicators released during the week raised concerns about the strength of oil demand in the U.S.

Russians hold outdoor kissathon in coldest city

Loved-up couples in Russia's coldest city, Yakutsk, on Friday braved plunging temperatures to take part in an outdoor kissing contest, with the winners locking lips for almost 1 1/2 hours. Eighteen couples took part in the Saint Valentine's Day contest called "Love warms you up" on a snowy central street in Yakutsk, where the daytime temperature was -29 degrees centigrade (-20 degrees Fahrenheit), the Interfax news agency reported. "The first couple dropped out after half an hour," organiser Natalya Argunova told Interfax.

Russians hold outdoor kissathon in coldest city

Loved-up couples in Russia's coldest city, Yakutsk, on Friday braved plunging temperatures to take part in an outdoor kissing contest, with the winners locking lips for almost 1 1/2 hours. Eighteen couples took part in the Saint Valentine's Day contest called "Love warms you up" on a snowy central street in Yakutsk, where the daytime temperature was -29 degrees centigrade (-20 degrees Fahrenheit), the Interfax news agency reported. "The first couple dropped out after half an hour," organiser Natalya Argunova told Interfax.
Syndicate content