Light, sweet crude oil futures declined slightly but still settled above $56/bbl on Nov. 20 on the New York market as oil prices traded fairly flat in anticipation of a Nov. 30 producers’ meeting in Vienna. The Organization of Petroleum Exporting Countries and some non-OPEC producers, including Russia, are expected to decide whether to extend […]

Ineos has reached a long-term agreement to supply US-produced ethane to SP Chemicals’ newbuild 650,000-tonne/year cracker in Taixing, Jiangsu Province, China. Ineos has been shipping ethane from the US to Europe since 2015. Source: News

Chaparral Energy Inc., Oklahoma City, has sold its enhanced oil recovery properties in Oklahoma and Texas to Perdure Petroleum, which Delaware records indicate was formed Sept. 26 as a limited liability company.   Source: News

Nebraska’s Public Service Commission approved the proposed Keystone XL crude oil pipeline’s Mainline Alternative Route in a 3-2 vote. The new route maximizes co-location of the new system with the existing Keystone pipeline while having potential impacts on fewer miles of threatened or endangered species’ ranges, PSC said in its Nov. 20 final order. […]

Saudi Aramco has discontinued crude processing operations at its 77,000-b/d Jiddah refinery along the Red Sea coast to convert the industrial complex into a distribution center for petroleum products.  Source: News