Crude oil

Australia's Viva Energy expects to restart Geelong refinery units in June

China's Commerce Ministry blocks U.S. sanctions against five refineries

Iraq starts work on Basra-Haditha oil pipeline

About $1.5 B has been allocated for the project, although its pace will depend on securing further budget allocations.

Lummus Technology selected for major ethanol-to-jet SAF project in India

Trump signs order authorizing oil pipeline project partially reviving Keystone XL

The pipeline, proposed by Canadian pipeline company South Bow and its U.S. partner Bridger Pipeline, could increase Canada's crude exports to the U.S. by more than 12% if it goes ahead.

Repsol plans to boost jet fuel output as Iran war disrupts global supply

The company expects to produce between 560,000 and 570,000 barrels of oil equivalent per day (boed) in 2026, which could increase, depending on improvement in Venezuela.

Indian refiners' March crude processing slips 1.8% from a year earlier

India's Russian oil imports in March surged to a record 2.25 MMbpd, and are set to remain near record highs in April and May following a new U.S. waiver allowing countries to buy sanctioned Russian oil at sea for about a month, traders said last week.

Sinopec refinery utilization drops, but chemical exports rise due to Iran war

Sinopec, the world's biggest refiner by capacity, cut refinery utilization rates between January and March by 7.6% on an annualized basis to average at around 83%.

UAE exit strips OPEC of clout, risks bitter price war

The surprise move comes at a time of unprecedented turmoil in energy markets as Gulf oil and gas exports have remained largely paralyzed for two months due to the closure of the Strait of Hormuz, which has muted OPEC’s traditional ability to manage the oil market during times of distress.

UAE to leave OPEC and OPEC+ oil producer groups

The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.