Crude oil
Asia's jet fuel, diesel cash premiums hit multi-year highs on Mideast concerns
Druzhba pipeline carried Ukrainian and Russian oil before January attack
Oil shipments to Hungary and Slovakia through the pipeline primarily operated by Russia have been suspended since January 27 following what Kyiv says was a Russian attack on pumping installations in western Ukraine, prompting a dispute within the European Union and efforts by Hungary to block new sanctions on Russia.
Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019
Aramco acquired Motiva Trading in 2023 and became the sole supplier of Motiva Enterprises, which owns the 640,500-bpd refinery in Port Arthur, Texas, the largest in the United States.
U.S. seeks forfeiture of oil tanker and 1.8 MMbbl of Venezuelan oil
The oil supertanker was seized by the U.S. near Venezuela in December as part of a pressure strategy against President Nicolas Maduro, who was captured in a U.S. military operation on January 3.
Eni can now receive oil from Venezuela as payment for gas, CEO says
Chief Executive Claudio Descalzi, who confirmed that Venezuela owes the Italian group around $3 B, was referring to natural gas from the Perla offshore field, the only active offshore gas project in Venezuela, which is operated by Eni and Spain's Repsol.
- Asia refineries, petchem firms cut runs as Middle East conflict disrupts feedstock supplies 3/6
- Hungary's MOL says capacity tests on Adria pipeline to start next week 3/6
- Brazil's antitrust watchdog approves private equity firm's controlling stake purchase in Braskem 3/6
- Shell-CNOOC China JV to close 1.2-MMtpy steam cracker due to feedstock disruption 3/6
- India invokes emergency powers, orders refiners to boost LPG output 3/6
- Russia gets export boost from Iran war as price of oil to India surges 3/6
