Crude oil
Mexico's Pemex pumps less, refines more in third quarter
With many fields declining rapidly - especially former star producers in the Gulf of Mexico - and many new discoveries not living up to expectations, the behemoth has struggled to meet the government's ambitious production goal of 1.8 MMbpd.
BPCL, Oil India to build $11-B refinery, petchem complex in southern state
Oil India is considering taking a 10%–20% stake in the planned refinery in Andhra Pradesh state, while BPCL is seeking additional partners for the project.
Mali strikes deal with Russia for petroleum products
Jama'at Nusrat al-Islam wal-Muslimin (JNIM) militants announced a blockade on fuel imports to the landlocked West African country in early September and have since attacked convoys of fuel tankers attempting to enter the country or reach the capital.
Berlin seeks to shield Rosneft's German arm from U.S. sanctions
Rosneft's German business is controlled by German authorities but Russian-owned. It is a key supplier, routing and refining oil to petrol pumps and some airports in Europe's biggest economy.
Opinion: Trump’s Russian oil sanctions gambit will test his tolerance for pain
The U.S. designation of the two Russian companies, which follows Britain's decision last week to hit Rosneft and Lukoil with sanctions, cuts them off from the dollar-based financial system.
EIA: U.S. crude, fuel inventories fall on robust refining and demand
U.S. crude oil, gasoline and distillate inventories fell last week as refining activity and demand strengthened, the U.S. Energy Information Administration (EIA) said.
EU to list two Chinese oil refineries, one trader in new Russia sanctions
The EU has toughened its stance on Beijing as diplomatic efforts have stalled. The EU, Ukraine and its allies view China as a central node in Moscow's sanctions circumvention network.
Trump’s India squeeze to push Russian oil further into the shadows
India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022. It purchased 1.9 MMbpd of Russia’s crude in the first nine months of 2025, 40% of its total exports.
Phillips 66, Kinder Morgan eye new pipeline to bolster U.S. West Coast fuel supply
If constructed, the new pipelines could help ease the strain on West Coast fuel supply from the planned closures of Phillips 66's Los Angeles refinery by the end of this year and Valero Energy's Benicia refinery next year.
EIA: U.S. crude stocks climb more than expected as refinery crude runs decline
U.S. crude stocks rose more than expected last week as refining crude runs dropped sharply to their lowest in more than a year and a half.
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- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
