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Crude oil

Canada's Trans Mountain Pipeline weighs debt deal ahead of potential sale

Oil pipeline operator Trans Mountain plans to borrow in the bond market to refinance some of its outstanding debt before the Canadian government eventually sells it.

Oil drops as investors look past Biden exit, focus on weak fundamentals

Oil prices fell for a second consecutive session on Monday to their lowest level in over a month, as investors looked past U.S. President Joe Biden's decision to end his reelection bid and focused on rising stockpiles and signs of weak demand.

Mexico's Pemex to cut fuel imports to 20,000 bpd by early next year

Mexican state-owned oil company Pemex will reduce its fuel imports in September to some 52,000 bpd and to 20,000 bpd in the first quarter of 2025 as it ramps up production of its own refined products.

India's Reliance misses profit estimates on weak fuel sales margins

Reliance Industries, India's most valuable company, reported 1Q profit below analysts' estimates on Friday, hurt by lower margins on fuel sales.

Nigeria investigates fuel imports after Dangote Refinery rift with regulator

Nigerian lawmakers have set up a committee to investigate crude shortages to local refineries and the importation of dirty fuels, issues at the heart of a rift between the Dangote Refinery and Nigeria's downstream oil regulator.

Sinochem shuts Shandong refineries 'indefinitely' on poor margins

State-run Sinochem Group has shut in two of its three east China oil refineries for an indefinite period of maintenance, as high crude oil costs and weak fuel demand hurt margins.

Canadian crude exports from U.S. Gulf Coast fall only slightly despite TMX startup

About 150,000 bpd of Canadian crude were exported from the U.S. Gulf Coast in June, slightly lower than average, despite the expansion of the Trans Mountain pipeline (TMX), which pulled some barrels west to Vancouver.

U.S. crude stocks fall, gasoline and distillate inventories rise

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending July 12.

Slovakia, Hungary say Ukraine has halted Lukoil's Russian oil transit

Slovakia and Hungary said they have stopped receiving oil from key supplier Lukoil after Ukraine imposed a ban last month on the transit of resources from the Russian energy company via its territory.

Rompetrol completes DCU project at Petromidia refinery

Rompetrol has finalized modernizing the delayed coking unit of the Petromidia refinery by implementing a new drilling/cutting system of petroleum coke, as well as the automation of the production flow.