Crude oil
Kinder Morgan fuel pipelines return to service after Californian power outages
Kinder Morgan Inc. said two of its fuel pipelines, SFPP West and CALNEV, had returned to service on Friday, having been shut down since Jan. 8 due to power outages in Southern California.
U.S. oil imports from Canada hit record ahead of tariff threat
U.S. crude oil imports from Canada rose last week to the highest on record, ahead of incoming U.S. president Donald Trump's plans to levy a 25% tariff on Canadian imports.
EIA: U.S. crude stocks fall, fuel inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
Sinopec's Zhenhai refinery says fire at crude unit has been put out
China's Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units (CDUs) late on Tuesday had been put out, with no casualties or injuries reported. The incident took place during the commissioning of new units in a major expansion at the plant.
China's Shandong Port, entry point for most sanctioned oil, bans U.S.-designated vessels
Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo.
Canada's Suncor says oil and gas production rose in 4Q
Canadian oil and gas company Suncor said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter of 2024.
Asia's crude oil imports drop in 2024 as weak China weighs
Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth.
U.S. plans more sanctions on tankers carrying Russian oil
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude.
Venezuela's 2024 oil exports climb 10.5% amid political turmoil, refinery outages
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state oil company PDVSA took more cargoes under licenses granted by Washington.
Singapore's Dec. jet fuel imports hit multi-year high on India, S. Korea supply
Singapore's jet fuel imports probably hit multi-year highs in December, with India the top supplier as the arbitrage to Europe stayed shut.
- 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
