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all things Oil

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Matthew V. Veazey

$510MM Middle East Contract Goes to Saipem

A unit of Abu Dhabi National Oil Co. (ADNOC) has awarded Saipem an AED1.87 billion (US$510 million) contract to expand the capacity of its Shah Sour Gas Plant, ADNOC reported Tuesday. Saipem’s receipt of the engineering, procurement, and construction contract from ADNOC Sour Gas (ASG)

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Rohan Gupta

Crude rises on large API crude draw, bullish demand outlook

0223 GMT: Crude oil futures jumped during morning trade in Asia June 16, as data from the American Petroleum Institute showed a large draw in US crude inventories, and as the market continued to buy into the global demand recovery narrative. Not registered? Receive daily

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Chris van Moessner

Crude futures test fresh highs on bullish US demand outlook

Highlights New York lifts statewide pandemic restrictions Top forecasters mull $100/b oil New York Harbor product cracks weaken as RINs retreat Crude futures pushed to fresh highs June 15 as bullish US demand outlooks pointed to a tightening fundamental picture. Not registered? Receive daily email

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