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CHS commissions new coker at McPherson refinery in Kansas, US

Global energy, grains and foods company CHS has commissioned the new coker at its McPherson refinery in central Kansas, US.

UPDATE 1-Saudi Arabia "not prepared" to cut oil production - AFP

Feb 18 (Reuters) - Saudi Arabia is "not prepared" to cut oil production, Agence France-Presse reported, quoting the Saudi foreign minister Adel al-Jubeir.

UPDATE 1-Vallourec cuts investments, jobs further after 2015 net loss

PARIS, Feb 18 (Reuters) - French steel pipe maker Vallourec , which supplies oil and gas companies, reported a 2015 net loss, cut investments for a second consecutive year and said it expects adverse market conditions to persist throughout 2016.

Saudi Arabia "not prepared" to cut oil production - AFP

UPDATE 2-U.S. crude, gasoline inventories extend build to record highs- EIA

NEW YORK, Feb 18 (Reuters) - U.S. crude oil and gasoline inventories rose last week to new record highs as imports of crude grew and refineries increased output, data from the Energy Information Administration showed on Thursday.

Vallourec cuts investments further after 2015 net loss

PARIS, Feb 18 (Reuters) - French steel pipe maker Vallourec , which supplies oil and gas companies, reported a 2015 net loss, cut investments for the second consecutive year and said on Thursday that it expected adverse market conditions to persist throughout 2016.

Japan Solar Installations to Peak This Year at 14.3 GW, BNEF Says

Japan’s solar installations are expected to peak this year with between 13.2 GW to 14.3 GW of panels expected to be added, Bloomberg New Energy Finance said in a report.

Siemens 7 MW Offshore Wind Turbine Reaches Final Stage in Development Process

The development of Siemens’ offshore flagship wind power turbine has reached its final stage: the 7-MW offshore turbine has successfully passed final type certification. Field testing of the SWT-7.0-154 was recently extended with a second prototype. Grid performance, quality and safety are currently being tested on both machines.

CANADA STOCKS-TSX edges higher, sustains six-week high

TORONTO, Feb 18 (Reuters) - Canada's main stock index edged higher on Thursday, sustaining a six-week high, as consumer and telecom stocks made modest gains, while shares in energy companies pulled back despite a further rise in crude oil prices.

Libya's North African neighbours brace for any Western strikes

ALGIERS/TUNIS, Feb 18 (Reuters) - Libya's neighbours are again preparing for possible Western intervention in Libya, tightening border security and sending diplomatic warnings about the risk from hurried action against Islamic State that could force thousands refugees to flee.

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