Crude oil
EIA: Crude and gasoline inventories fall, distillates rise
Crude inventories fell by 6 MMbbl to 420.7 MMbbl last week, the U.S. Energy Information Administration (EIA) said, compared with analysts' expectations in a poll for a 1.8-MMbbl draw.
TotalEnergies Texas (U.S.) refinery begins small crude unit overhaul
TotalEnergies began a planned 60-day overhaul on the small crude distillation unit (CDU), along with a reformer and hydrotreaters at its 238,000-bpd Port Arthur, Texas refinery.
Chinese refiners sweep up Russian oil after Indian demand falls
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said.
Indonesia plans quick-to-build oil refineries for U.S. crude
Indonesia plans to build a network of small modular refineries to process U.S. and domestic oil, aiming to reduce gasoline imports, but analysts warn the switch in strategy from large-scale refining facilities could prove uneconomical.
SNF to acquire Obsidian Chemical Solutions
This acquisition will allow SNF to service its customers more quickly and efficiently with a broader portfolio.
China still storing crude oil even as refinery runs rise
Despite the decline in surplus oil, the key point is that refiners are still likely adding to stockpiles, which will allow them to trim imports should prices rise to levels they believe are not justified by market fundamentals.
Lukoil's Volgograd refinery halts oil processing after drone attacks
Oil processing at the Volgograd refinery has been halted at least until the middle of September.
Russian energy facilities targeted recently in drone attacks
Here is a summary of attacks in recent weeks on key energy sites in Russia, one of the world's biggest energy producers.
Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations
Russia-backed Indian refiner Nayara Energy is talking to government authorities and partners to maintain operational stability of its 400,000-bpd refinery and fuel supplies despite EU sanctions hurting the supply chain.
The API challenges Trump plan to cut biofuel import credits
The mounting criticism puts the White House in the position of having to side with either farmers looking to prioritize domestic supply, or refiners seeking cheaper feedstock.
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- EU crafts plan to give industries extra free CO2 permits this year 6/19
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- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
