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Bloomberg The biggest independent refiners in the US are lining their pockets with billions of dollars in tax reform windfalls just in time to invest in equipment that meets ever-tightening domestic and global environmental rules, making the “liquid freedom” they export cleaner than ever. “The reduction in the corporate tax rate is a catalyst for incremental investment in the business,” …

LONDON / Reuters Saudi Arabia wants to complete talks with strategic investors such as China, Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said. Saudi officials have said the government plans to sell up to 5 percent of Aramco shares on one or more foreign exchanges …

Bloomberg After its best January since 2006, the oil market wrapped up the week on a slump as a stronger dollar and weaker stocks added to concerns over booming shale production. Futures slipped 0.5 percent in New York, with oil inversely tracking the US dollar and American equities headed for the worst week in two years. A stronger greenback reduces …

Bloomberg If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a more likely scenario is it will grow by 20 percent, the company says in separate outlook. The first comes in response to a shareholder vote last year that demanded Exxon publish the …

Bloomberg India’s increased focus on cleaner cooking fuel may open the door for imports of liquefied petroleum gas from the US, according to Facts Global Energy. The world’s second-largest importer of the fuel raised its target for providing free cooking gas connections to the poor by 60 percent to 80 million families, Finance Minister Arun Jaitley said in his budget …

Bloomberg With its money-losing refineries producing the least fuel in 27 years and only a handful of private partnerships announced since Mexico’s energy reforms, sealing a $2.6 billion venture with Mitsui & Co. will come as a relief to Petroleos Mexicanos. Pemex is a few months away from closing an agreement for the project with a group led by Mitsui …

Bloomberg The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as he looks out the window of his blue Ford F-150 pickup truck. The president of Creedence Energy Services, which provides chemicals for oil wells, Black, 29, drives about two hours to Williston, North Dakota, at the heart of the oil-rich formation, …

Bloomberg Oil’s sinking back down to earth. Euphoria that’s driven the longest monthly rising streak in almost seven years is giving way to concern that US stockpiles will rebound as the rally encourages American drillers. That’s sparked a 3.1 percent drop in New York futures this week, marring crude’s best January since 2013. The sour sentiment is bleeding into equities, …

Bloomberg OPEC-led production cuts will last for the rest of the year, and an early termination in June would be a surprise to the market, the International Energy Agency’s markets division head said. The oil market will move from surplus into a small deficit after the first quarter but it will be fairly balanced overall this year, the IEA’s Neil …

Bloomberg OPEC’s second-biggest producer is relinquishing some control over its prized oil in exchange for better prices. In a rare move, Iraq is allowing buyers to load its crude without saying where the cargo will finally end up. They will only have to let the Middle East producer know about the destination two weeks after the shipment’s bill of lading, …