Crude oil
India's Reliance in talks for U.S. permit to buy Venezuelan oil
Reliance's representatives are in discussions with the U.S. State and Treasury departments to obtain the authorization, the sources said, as Washington and Caracas progress in negotiations to ship 50 MMbbl of oil in the aftermath of the U.S. capture of President Nicolas Maduro.
Serbia's Russian-owned NIS refiner buys first crude since U.S. sanctions waiver
Washington imposed sanctions on NIS in October as part of broader measures targeting Russia's energy sector over Moscow's war in Ukraine.
U.S. refiner Marathon Petroleum says it will be bidding for Venezuelan crude oil
Caracas and Washington reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States.
India's Reliance Industries will consider buying Venezuelan oil
Caracas and Washington have reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States after U.S. forces captured President Nicolas Maduro on January 3.
Verdant Specialty Solutions completes acquisition of Lubrizol’s Elmendorf, Texas (U.S.) manufacturing and R&D assets
The Elmendorf acquisition significantly strengthens Verdant’s position in the oil and gas production chemicals market, expanding its technology offering with the addition of H₂S scavengers, scale inhibitors, corrosion inhibitors, and other specialty oilfield chemicals.
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Caracas and Washington agreed to export up to $2 B worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend.
- Slovakia considers higher diesel price for foreigners to battle fuel tourism 3/17
- China's fuel export ban to further tighten Asia supply 3/17
- Japanese refiner Idemitsu to invest $500 MM in Australian Midocean to enter LNG business 3/17
- European airlines plan challenge to EU synthetic jet fuel rules 3/17
- CITGO launches advanced grease technology for severe-duty applications 3/17
- Macquarie walks away from Kuwait oil pipelines deal amid Iran war 3/17

