Crude oil
Record U.S. crude exports, rising shale output boosts oil flow to Houston
U.S. crude exports climbed to a record of about 4.5 million bpd in March, spurred by recovering Chinese demand and competitive pricing for U.S. oil.
U.S. could start buying oil for reserve after June sale, energy secretary says
U.S. Energy Secretary Jennifer Granholm told lawmakers her department could start repurchasing oil for the Strategic Petroleum Reserve after completing a congressionally mandated sale next month.
Oil falls 2% on weak U.S. and Chinese economic data
Oil prices fell about 2% to a one-week low as a political standoff over the U.S. debt ceiling stoked recession jitters in the world's biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed.
Alberta producers restart oil and gas operations as wildfires temporarily ease
A number of oil and gas companies in Canada's main crude-producing province Alberta restarted shuttered production as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.
China cuts second batch of 2023 fuel export quotas
China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins.
Iraq asks Turkey to resume northern oil export pipeline
Iraq has sent an official request to Turkey to restart oil export flows through a pipeline that runs from the semi-autonomous Kurdistan Region in northern Iraq to the Turkish port of Ceyhan.
Russia's Transneft says Druzhba pipeline 'attacked' near Ukraine border
Russia's oil pipeline operator Transneft said that a filling point on the Europe-bound Druzhba pipeline in a Russian region bordering Ukraine had been attacked, the TASS news agency reported, citing the company.
Congo in discussions with Uganda over use of crude pipeline
The Democratic Republic of Congo is in discussions with neighboring Uganda for possible use of the east African country's planned crude oil pipeline to export petroleum, Congo's hydrocarbons ministry said.
Chile signs oil import deal with Argentina's YPF
Chilean state oil company National Petroleum Company said it has signed a temporary agreement with Argentine oil firm YPF to import crude through the Trasandino pipeline, a key step for both countries' trade.
Russia's Lukoil completes sale of ISAB oil refinery in Italy
Russia's second-largest oil producer Lukoil said its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
