Crude oil
Mexico's Pemex pumps less, refines more at home in October, data shows
Its seven local refineries refined 43% more year-on-year, reaching 1.04 MMbpd, helped in part by the Olmeca refinery in the port of Dos Bocas, which processed 191,657 bpd.
Insight: How sanctions made a showpiece Chinese refinery's Western partners run for the exits
Yulong's ambition to rub shoulders with global heavyweights, backed by Beijing's push to modernize its refiners, was upended on October 15, when the UK sanctioned it for dealing in Russian oil.
Update: bp's Olympic Pipeline shutdown hits airlines' fuel supply
The leak was first reported on November 11. bp restored one of the two pipelines east of Everett that had been shut to determine the source of some product discharge. The restored line was shut down again shortly afterward, halting refined product deliveries on the system.
Russia sees scope for oil exports boost to China, urges cooperation in LNG
China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022.
Vietnam's Binh Son refinery steps up U.S. oil imports
Vietnam has been seeking to buy more U.S. goods to narrow a trade gap between the two countries since Trump threatened in April to impose tariffs on Vietnamese products.
Update: bp crew excavates Olympic Pipeline, yet to find cause of leak
bp said on Friday its Olympic Pipeline crew excavated more than 100 ft (0.03 km) of pipeline following a leak earlier this month near Everett, Washington (U.S.), but have not yet identified the source of the leak.
Lukoil's Finnish fuel chain Teboil files for corporate restructuring
The United States last month hit Lukoil with sanctions over Moscow's war in Ukraine, disrupting the company's international business.
India's Reliance stops importing Russian crude for refinery operations
The Indian conglomerate, which has a long-term deal to buy nearly 500,000 bpd of crude from Russian major Rosneft, had said it would abide by sanctions against Moscow while maintaining ties with current oil suppliers.
Update: Fire extinguished at Venezuelan oil upgrader, operations halted
Incidents and outages are frequent within PDVSA's aging infrastructure, including oilfields, refineries and upgraders that are key to turning the country's extra heavy oil output into exportable crude grades.
Lukoil trading arm shrinks fast under Western sanctions
The measures, which also target state-owned Rosneft, took effect on Friday as Washington seeks to choke off Moscow’s ability to fund its war in Ukraine. They have thrown Lukoil’s global operations into limbo, from oilfields in the Middle East to fuel pumps and refineries across Europe.
- TA'ZIZ secures $28.5 B in agreements to expand UAE's chemicals infrastructure 5/5
- nova-Institute provides scientific basis for EU policy on bio-based plastic packaging under PPWR 5/5
- GEA launches enzymatically enhanced GEA eTOP degumming solution 5/5
- Hong Kong-Dongguan to build SAF supply chain with new biofuels firm Ecoceres facility 5/5
- Argentine government hikes biofuel prices for domestic market 5/5
- Malaysia to produce biodiesel blend with 15% palm oil from June 5/5
