Crude oil
India monsoon rains dent state retailers' diesel sales
Indian state retailers' diesel sales fell in the first half of September from the previous month, as monsoon rains hit industrial activity and mobility.
Nigeria's NNPC raises petrol prices again as Dangote fuel hits market
Nigerian state oil firm NNPC Ltd. has increased the price of petrol by 11%, the second increase in two weeks and a day after it started purchasing the fuel from the giant Dangote oil refinery on the outskirts of Lagos.
Oil India aims to operate Numaligarh refinery at 180,000-bpd capacity by 2027
State-run explorer Oil India Ltd. hopes to operate its refinery in the northeastern state of Assam at an expanded capacity of 180,000 bpd in the fiscal year to March 2027.
China's refinery output falls for a fifth month as fuel demand disappoints
China's oil refinery output in August fell 6.2% from a year earlier, declining for the fifth month as disappointing fuel demand and weak export margins curbed production.
Russia's idle oil refining capacity in September seen up 34% vs August
Russia's offline primary oil refining capacity in September is set to jump 34% from August due to technical outages, Ukrainian drone attacks and seasonal maintenance. Offline capacity is seen at 3.87 MMt this month, or 14.5% of Russia's total oil refining capabilities. That is up from 2.95 MMt in August.
Moscow Oil Refinery resumes operations at drone-hit unit
Gazprom Neft-owned Moscow Oil Refinery on Tuesday resumed operations at crude distillation Unit-6 (CDU-6), which was suspended following a drone attack on Sept. 1.
U.S. EIA lifts oil demand forecast, says prices will recover to above $80/bbl
Global oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts.
Comment: What challenges lie ahead for Nigeria's Dangote oil refinery?
Nigeria's state oil firm NNPC Ltd. announced last weekend that it would not be the exclusive buyer of gasoline produced by the $20-B Dangote oil refinery, contradicting a statement made by the refinery last week.
Hungary's MOL reaches deals for oil transport via Druzhba pipeline
Hungary's MOL said it has reached deals with suppliers and pipeline operators for the continuous transportation of crude oil through Belarus and Ukraine via the Druzhba pipeline.
Russia's September western port oil loadings to rise 1.5% m/m despite seasonal refinery maintenance
Russia will increase oil exports via its western ports to 1.98 MMbpd in September, up by just 30,000 bpd from August, despite the expected start of seasonal maintenance on Russian refineries.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
