US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, fell 4.7 million bbl during the week ended July 14 compared with the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News

Light, sweet crude oil prices gained moderately July 18 to settle at $46.40/bbl. That price held flat in early July 19 trading while market participants awaited a weekly US government report on oil and product inventories. Source: News

Stephen B. Allen is succeeding Stephen W. Lake as Tulsa-based Oneok Inc.’s senior vice-president, general counsel, and assistant secretary. Source: News

Vaquero Midstream LLC, The Woodlands, Tex., is planning construction of the 200-MMscfd Caymus II cryogenic processing plant on the firm’s existing Caymus plant site in Pecos County, Tex., in the southern Delaware basin. Source: News

Equate Petrochemical Co., Kuwait’s first international petrochemical joint venture, has restarted subsidiary Kuwait Olefins Co.’s (KOC) 850,000-tonne/year ethylene unit 2 (EU2) at Equate’s complex in the Shuaiba Industrial Area after an unidentified technical issue forced its unplanned shutdown in early July. Source: News

Abu Dhabi National Oil Co. (ADNOC) and Borealis AG, Vienna, are advancing design and engineering on projects that will expand production capacities at their jointly held Abu Dhabi Polymers Co. Ltd.’s (Borouge) integrated polyolefins complex in Ruwais, about 250 km west of Abu Dhabi City, UAE. Source: News