Crude oil

TotalEnergies starts production at France’s first advanced plastics recycling plant

TotalEnergies has launched France’s first advanced plastics recycling plant, with a capacity of 15,000 tpy, at its Grandpuits site southeast of Paris. This start-up marks another step in the conversion of the refinery into a zero-crude platform.

Jones Act: U.S. waives shipping regulation to ease fuel, fertilizer deliveries

Under the Jones Act, goods shipped between U.S. ports must be carried on vessels that are U.S.-built, U.S.-flagged and mostly U.S.-owned. Maritime industry unions support the requirement, which sharply limits the number of tankers available for domestic shipments.

Vance, Wright to meet with U.S. oil trade group, acknowledges 'rough road ahead' on gas prices

The U.S. has already announced plans to release crude oil from the nation's emergency stockpile to reduce energy prices, and on Wednesday said it would issue a 60-day waiver to U.S. shipping regulations ease fuel deliveries to the nation's ports.

Cambodia turns to Singapore, Malaysia for fuel as Vietnam, China restrict supplies

Vietnam and China have restricted fuel exports until at least the end of March to arrest potential domestic shortages. Cambodia and neighboring Thailand stopped fuel trade after the onset of an armed conflict in July.

Slovakia considers higher diesel price for foreigners to battle fuel tourism

China's fuel export ban to further tighten Asia supply

CITGO launches advanced grease technology for severe-duty applications

Oil majors' output in the Middle East

Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli on Iran has disrupted oil and gas shipping and halted some output.

Equinor has no spare oil and gas capacity, CEO says

The U.S.-Israeli attacks on Iran and the latter's retaliatory strikes across the Middle East have disrupted around a fifth of global oil and liquefied natural gas supply along the Strait of Hormuz, a key chokepoint for Gulf state exports.

Top global refiner Sinopec to cut crude runs by over 10% on Mideast supply squeeze

The cuts by state-owned Sinopec, which accounts for a third of China's refinery output, are part of Beijing's widening measures to curb oil supply disruptions due to Iran's blockage of the Strait of Hormuz, a conduit for 20% of the world's oil.