Crude oil
U.S. waiver set to keep Russian oil exports to India near record high
The robust exports to India - the second-largest buyer of Russian crude after China and largest importer of its flagship Urals grade - will likely help Moscow replenish state coffers under pressure due to military spending for the war in Ukraine.
Opinion: Opening Hormuz is the easy part—restoring oil flows isn’t
The immediate impact has been severe. Around 13 MMbpd of oil supply and roughly 300 MMm3d of liquefied natural gas (LNG) have been trapped inside the Gulf, forcing producers to shut in oil fields, refineries and LNG plants and battering economies from Asia to Europe.
Japan's Eneos says 145,000-bpd Sendai CDU shut down since April 16
The unit had just resumed operations on April 14 following an unplanned shutdown on March 31.
Phillips 66, Kinder Morgan move ahead with new U.S. West Coast fuel pipeline
The Western Gateway Pipeline project comes as companies race to build a major new fuel pipeline to the U.S. West Coast ahead of planned refinery closures in California, a relatively isolated fuel market with limited pipeline links to major refining hubs, leaving it vulnerable to supply disruptions and price spikes.
EU warns of prolonged energy shock, forced cuts if Iran war continues
Europe has not yet faced supply shortages, but is grappling with soaring oil and gas prices and airports have warned the first jet fuel shortages could hit within weeks.
Europe's summer flights at risk as Iran war exposes refining decline
Europe’s oil and gas industry has shrunk dramatically over the past 25 years: North Sea production has dwindled and more than 30 refineries - 16% of refining capacity - have been shuttered across the continent.
Slovak refiner says no deal yet on Adria pipeline tests
The pipeline from Croatia is an alternative oil route to Slovakia and Hungary, and its importance has grown with the Druzhba pipeline - which carries Russian crude and runs through Ukraine - out of operation since the end of January.
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- How ASTM approval of methanol-to-jet accelerates SAF at scale 6/19
- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
