Crude oil
EU countries poised to agree to push on fossil fuel phase-out
European Union countries are preparing to endorse a diplomatic stance on Monday calling for a global phase-out of fossil fuels as they prepare for this year's U.N. climate change talks.
China's crude oil imports to set a record in 2023
China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream.
Kazakhstan to supply 100,000 tons of oil in March to the PCK Schwedt refinery in Germany
Kazakhstan will supply 100,000 tons of oil via Russia's Druzhba pipeline to Germany in March for the PCK Schwedt refinery.
Venezuela's PDVSA allocates heavy crude cargo to Italy's Eni
Venezuela's PDVSA has allocated an oil cargo to a unit of Eni for a February loading, the first to the Italian firm following a contract suspension this year by new management at the state-run company.
Russian energy minister sees no reason to reduce petroleum products output
Russian energy minister Nikolai Shulginov on Friday said there was no reason for a sharp reduction in the country's petroleum products output in response to a European Union embargo, Interfax reported.
Kazakhstan increased oil exports bypassing Russia in 2022
Kazakhstan, the world's largest landlocked country, increased oil exports that bypassed Russia last year, but was still heavily reliant on supply channels via its neighbor.
Oil expects regional refining margins to stay elevated in 2023
South Korea's S-Oil said on Wednesday it sees regional refining margins in 2023 remaining elevated over pre-2022 levels, though the company posted a loss in the fourth quarter of 2022 on a fall in oil prices during the period.
Kuwait exports first modified diesel fuel shipment to Europe
Kuwait's National Petroleum Company exported its first shipment of modified diesel fuel to Europe through the Mina al-ahmadi refinery, the oil ministry said on Wednesday.
EU diesel price cap to limit Moscow's choice of buyers, including Asia
A proposed EU price cap on Russian diesel may be high enough to allow Moscow to continue exporting the fuel, but in practice could deter big Asian buyers who have become used to buying cheap Russian crude to refine it themselves, analysts say.
Chevron annual profit doubles to record $36.5 B, but misses estimates
Chevron Corp. on Friday posted a record $36.5 B profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by an asset writedowns and a retreat in oil and gas prices.
- BASF starts up the world’s first production plant for 3D-printed catalysts in Ludwigshafen 3/19
- Haffner Energy receives rapid bookings for CORE100 clean-fuel production units 3/19
- ABB launches EmissionVision to automate advanced gas leak detection 3/19
- Ebara Elliott Energy partners with NuScale Power for use of advanced nuclear technology to power petrochemical plants 3/19
- bp agrees to sell 12-MMtpy Gelsenkirchen refinery to Klesch Group 3/19
- Sumitomo Corporation, “K” LINE and NYK Line conclude MoU for new build ammonia bunkering vessel operation in Singapore 3/19
