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The crude oil contract for November delivery fell 70¢ on the New York market Oct. 12 to settle at $50.60/bbl after the US Energy Information Administration reported oil levels stored at Cushing, Okla., increased by 1.3 million bbl although overall US oil inventories fell.

Turkish Petroleum Refineries Corp. (Tupras) is investigating an explosion that occurred on Oct. 11 at its 11 million-tonne/year Aliaga refinery in Turkey’s western province of Izmir.

The UK government will spend £1 billion to support adoption of ultralow-emission vehicles (ULEVs) in its campaign to end the sale of new vehicles powered by gasoline and diesel by 2040.

Glencore PLC, Baar, Switzerland, has entered a deal to acquire Chevron Corp.’s majority ownership in Chevron South Africa (Pty.) Ltd., which operates a 110,000-b/d refinery at Milnerton, in Cape Town, South Africa, as well the entirety of Chevon’s interest in downstream assets in Botswana.

Despite Lebanon’s intent to award four of five blocks in its inaugural offshore bid round, Energy and Water Minister Cesar Abi Khalil said the round had received two bids to operate the offshore gas blocks, according to the Lebanese local press, The Daily Star.


FERC’s approval of ACP, Supply Header, MVP marks a milestone in the evolution of WV's natural gas industry. https://t.co/G3o2tSpBm4

WVONGA Statement Regarding FERC Approval for Atlantic Coast, Supply Header, Mountain Valley Pipeline Projects https://t.co/G3o2tSpBm4