MARKET WATCH: Crude benchmarks drop on higher US oil supply

Light, sweet crude oil prices fell June 6 on the New York market after a weekly government report showed higher US oil inventories and rising US oil production. Analysts also remain closely focused on risks to world oil supplies pending US sanctions against Iran. Source: News


Repsol launches Big Data, AI project at Tarragona refinery

Repsol SA is working with Google Cloud to launch a project that will use Big Data and artificial intelligence (AI) to optimize management of its 186,000-b/d Tarragona integrated refining complex in eastern Spain.   Source: News


GIP to buy Devon’s EnLink Midstream interests for $3.125 billion

An affiliate of independent infrastructure fund manager Global Infrastructure Partners (GIP) has entered into an agreement with Devon Energy Corp. to acquire Devon’s aggregate ownership interests in EnLink Midstream Partners LP and EnLink Midstream LLC for $3.125 billion.  Source: News