Refinery strikes now easing in France highlight vulnerabilities of the country’s refining industry, especially in comparison with that of the US, according to analysts at Turner, Mason & Co. Source: News

Chinook Energy Inc. has divested most of its oil and natural gas properties in Alberta to privately held Tournament Exploration Ltd. and made a payment of $925,000 for common shares representing about 70% of Tournament’s issued and outstanding share capital. Both companies are based in Calgary. Source: News

Sahara Petrochemicals Co. has let a contract to Jacobs Engineering Group Inc., Pasadena, Calif., to provide general engineering services at Sahara’s various chemical businesses at Al Jubail Industrial City in Saudi Arabia’s Eastern Province. Source: News

In its June Oil Market Report, the International Energy Agency stated that less oil has been stockpiled than originally expected during this year’s first half. The surplus of supply over demand in the first half is currently about 800,000 b/d compared with the initial expectation of 1.5 million b/d in January. The sharp reduction is […]

The US Senate unanimously approved an amended federal pipeline safety bill it received days earlier from the House of Representatives, sending it to the White House for President Obama’s signature. Source: News

The light, sweet crude oil contract for July delivery declined modestly on June 13 to settle below $49/bbl on the New York market, and prices continued falling in early June 14 trading. Source: News

Consulting in the US energy and resources industries grew by 5.3% in 2015, almost half the rate of 2014, according to a study by Source Global Research, London and Dubai. Source: News

Marathon Petroleum Corp. has reached an agreement with US regulators to spend nearly $335 million on projects to further reduce air pollution from the company’s refineries in Michigan, Illinois, Kentucky, Louisiana, and Ohio. Source: News