Calumet wraps Montana refinery expansion

Calumet Specialty Products Partners LP, Indianapolis, has completed a long-planned project to more than double crude processing capacity at subsidiary Calumet Montana Refining LLC’s refinery in Great Falls, Mont. Source: News

MARKET WATCH: NYMEX oil gains despite inventory build

Light, sweet crude oil prices for March delivery managed to climb modestly to close at $30.77/bbl Feb. 18 in a volatile trading week on the New York market. The gain came after a weekly government report showed another increase in US crude oil supplies. Source: News

Russia’s economy is surviving global oil price plunge, forum told

Russia’s general economy is withstanding depressed global crude oil prices now despite its heavy reliance on crude exports because the government adopted different financial policies in 2008, a Yale University International Security Studies official told a Washington, DC, audience. Source: News