Crude oil
Brazil's energy minister hints at possible fuel price cuts
Brazil's Mines and Energy Minister Alexandre Silveira suggested that gasoline and diesel prices could soon be lowered in the country, where state-run oil giant Petrobras controls most of the refining capacity.
Saudi Arabia, Indonesia sign several deals worth around $27 B
Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 B between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported.
U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude
Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.
Shell flags profit hit from weakness in gas trading and chemicals business
Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31.
EIA: U.S. crude and gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories rose unexpectedly last week, while distillate stockpiles fell.
Poland's Orlen will no longer buy Russian oil, CEO says
Polish refiner Orlen will not buy Russian oil for its Czech refinery after June 30, Chief Executive Ireneusz Fafara said on Monday. The contract with Rosneft for Russian oil to be supplied to the Litvinov refinery in the Czech Republic was the last one linking Orlen to Russian oil.
EIA: U.S. crude and fuel inventories fall on higher demand
U.S. crude oil and fuel inventories fell last week as refining activity and demand rose, the Energy Information Administration (EIA) said on Wednesday.
Tankers U-turn, zig-zag, pause around Strait of Hormuz
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.
U.S. refinery capacity grew to 18.4 MMbpd in 2024
U.S. refinery crude oil processing capacity grew by nearly 40,000 bpd in 2024 to 18.4 MMbpd.
Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict
Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
