Crude oil
UAE's ADNOC to supply full crude volumes to Asian buyers
ADNOC has informed at least three buyers in Asia that it will supply full contractual volumes of crude, steady from the previous month, trade sources said.
How will China's clampdown on mislabeled cargoes affect sanctioned oil?
Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabeled as diluted bitumen in an effort to bypass import quotas.
Oil prices jump but still on track for third weekly fall
Oil prices jumped but were set for a third straight week of losses after sharp declines earlier in the week on fears about interest rate hikes, U.S. banking sector problems and slowing Chinese demand.
SK Innovation sees 'solid' Q2 refining margin on China's reopening
SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season.
Asia's crude oil imports slip in April amid softer purchases by China and India
The strong start to the year for Asia's imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top buyers China and India trimmed purchases.
Russia sticking to its oil output cuts says deputy Prime Minister Novak
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 bpd from February until the end of the year.
Kazakhstan to ban oil products supplies via rail to Russian port of Taman
Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman in 2023, according to a document from the state-owned railway operator.
Enbridge reaches toll agreement with shippers for Mainline system
Enbridge Inc, Canada's largest transporter of crude oil, said it has reached a 7-1/2 year toll agreement with shippers for its Mainline system.
Phillips 66 beats profit estimates as refining margins soar
U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.
India state retailers gasoil sales rose in April
Indian state fuel retailers' gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity.
- 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
