HELSINKI, Dec 9 (Reuters) - Finnish oil refiner Neste said on Wednesday a technical problem at its Porvoo refinery had lowered the unit's utilization rate to about 70 percent, resulting in production losses worth several tens of millions of euros.
If you’ve been involved in any conversations about energy in 2015, there’s very much a sense the industry is gritting its teeth and just trying to get through this period of sustained low prices.
(Wed, 09 Dec 2015) Two recently enacted laws authorize significant sales of crude oil from the Strategic Petroleum Reserve (SPR) over the next decade. The Bipartisan Budget Act authorizes the sale of 58 million barrels of SPR oil between FY 2018-2025 for deficit reduction purposes and an estimated 40-50 million barrels of oil in FY 2017-2020 for SPR modernization.
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