Crude oil
Cuban oil tankers becoming regular visitors to Mexican ports
Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as a key oil provider to the fuel-thirsty island, according to vessel monitoring data.
Most Russian fuel exports now pricing above G7-imposed price cap
Most Russian fuel exports from the Baltic and Black Sea regions are now pricing above a price cap set in February by a G7-led coalition designed to limit Moscow's revenues in the aftermath of its invasion of Ukraine.
China crude oil demand slips by 18.8% in July
Oil prices hit new peaks with global benchmark Brent crude hitting its highest since January after a steep drawdown in U.S. fuel stockpiles helped offset some concerns of weaker demand from China.
Sarens replaces E451 heat exchanger at Hengyuan Refinery's oil plant in Port Dickson, Malaysia
Sarens has participated in the renovation and upgrading of the Hengyuan Refinery oil plant facilities by replacing the E451 heat exchanger with a new unit.
TotalEnergies restating Port Arthur, Texas, reformer
TotalEnergies began restarting the reformer at its 238,000-bpd Port Arthur, Texas, refinery on Monday, people familiar with plant operations said.
China's Yanchang seen doubling Russian oil purchases
China's state-controlled Shaanxi Yanchang Petroleum Group is expected to double its purchases of Russian ESPO blend this year to about one million metric tons, according to two sources familiar with the plant's operations.
Aramco supplies remain adequate despite oil production cuts
Saudi Aramco's CEO Amin Nasser said that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.
Phillips 66 plans to run refineries at mid-90% of combined capacity in Q3
Independent U.S. refiner Phillips 66 plans to run its refineries in the mid-90% range of their combined crude oil throughput capacity of 1.9 million bpd in the third quarter of 2023, Chief Financial Officer Kevin Mitchell said.
Britain commits to hundreds of North Sea oil and gas licenses
Britain committed to granting hundreds of licenses for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners.
TC Energy shares rise on spinoff plans
Shares of TC Energy rose nearly 3% in premarket trading after the Keystone pipeline operator disclosed plans to spin off its oil pipelines business to focus solely on transporting natural gas.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
