Turkey’s Tupras reports fire at Izmit refinery

Turkish Petroleum Refineries Corp. (Tupras) is investigating a fire that broke out on Apr. 17 at its 11 million tonne/year Izmit refinery in Turkey’s northwestern province of Kocaeli. Source: News


TAEP: Texas industry downturn has resulted in 84,000 jobs lost

The Texas oil and gas industry shed 84,000 jobs during the Texas Petro Index’s 16-month decline from November 2014 through last month, the Texas Alliance of Energy Producers reported on Apr. 19. Source: News


Deloitte: Supply shortfall to set $58/bbl oil in 2018

Deloitte Marketpoint forecasts a step up in oil prices from the mid-$40s in 2016 to increase to about $58/bbl by 2018 due to a supply shortage of more than 1 million b/d. Source: News