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Crude oil

Saudi crude oil exports to China to fall for 3rd straight month in July

Saudi crude oil exports to China will fall in July for a 3rd straight month to about 36 MMbbl amid plant maintenance and as some refiners opted for other sources of cheaper oil.

India eyes oil deals with nations (including Russia), plans new refinery

Indian Oil Minister Hardeep Singh Puri has announced that state-run Bharat Petroleum Corp. plans to build a new refinery and the nation is looking at signing more oil import deals with countries (including Russia) at discounted rates.

Crude quality issues on TMX pipe may hamper flows from Canada to U.S. West Coast refiners

U.S. oil refiners and West Coast traders are flagging concerns about the quality of crude shipped on the newly completed Trans Mountain pipeline expansion (TMX), warning that high vapor pressure and acidity limits could deter purchases of Canadian heavy barrels.

Red Sea ships attacks push 47% more crude oil, fuels, refined products around Africa

Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West are up 47% since attacks began on vessels using the shorter Red Sea route.

Glencore to supply crude to UK's Lindsey oil refinery

Global commodities trader Glencore has won a tender to supply crude oil to Prax's 113,000-bpd Lindsey oil refinery in Britain, replacing rival trader Trafigura.

Crude oil tanker market grapples with aging fleet, shipyards focus on large container and LNG ships

The crude oil tanker market is grappling with an aging fleet of vessels which need to be replaced, posing a challenge as shipyards are focused on building other types of ships.

New Zealand to introduce bill to reverse oil and gas exploration ban

New Zealand's government will introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector.

U.S. speeds up purchasing for Strategic Petroleum Reserve as oil prices dip

U.S. President Joe Biden's administration said on Friday it has increased purchasing of crude oil to replenish the Strategic Petroleum Reserve following its historic sale from the stockpile in 2022.

India's May fuel use inches up on month on strong industrial activity

India's fuel consumption edged higher in May from the previous month, as strong industrial activity and general elections boosted fuel demand in Asia's third-largest economy.

Sulzer's MellapakEvo maximizes vapor-liquid interaction and improves liquid distribution

As industry demands grew for solutions offering higher capacity and efficiency, Sulzer responded in 1999 with its structured packing MellapakPlus. This new packing generation featured an enhanced corrugation profile, reducing liquid holdup at interfaces between packing elements and significantly boosting column capacity.