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Crude oil

India, Saudi Arabia top buyers of Russian VGO and fuel oil in October

India and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in October.

Opinion: Trump-led oil and gas export boom may go bust in Europe trade spat

Oil and gas producers in the U.S. expect to find it easier to ramp up production and exploration under the incoming second administration of Donald Trump. Finding local and lucrative markets for their wares may be the bigger challenge.

China's crude oil imports fall for sixth straight month on refinery closure

China's crude oil imports fell 9% in October, a sixth consecutive monthly year-on-year decline as a plant closure at a state oil refinery adds to weaker demand from independent refiners.

U.S. crude stocks, gasoline and distillate inventories rise

U.S. crude stocks, gasoline and distillate inventories rose in the week ending Nov. 1, the Energy Information Administration (EIA) said on Wednesday.

LyondellBasell to close Houston refinery (U.S.) in Q1 2025

Chemical maker LyondellBasell Industries detailed its long-announced plan to permanently shutter its 263,776-bpd  Houston oil refinery in the first quarter of 2025, shutting the facility's CDU and coker train in January, followed by the shuttering of the second CDU-coker production train, which supplies the gasoline-producing FCC and ancillary units, ending motor fuel production

Venezuela's oil exports hit a 4-yr peak on higher output, sales to U.S., India

Venezuela's oil exports rose to a 4-yr high, approaching 950,000 bpd in October, boosted by growing crude output and more sales to India and the United States.

Drone crashes on oil depot in Russia's Stavropol region

A drone fell on an oil depot in Russia's southern Stavropol region. It was the second suspected Ukrainian attack in consecutive days on Russian fuel and energy targets.

Russia's Tuapse oil refinery to resume operations in November

Rosneft will resume operations at its oil refinery at the Black Sea port of Tuapse in November.

Shell's $6-B profit smashes forecasts as LNG offsets weak refining

Shell reported on Thursday 3Q profits of $6 B that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.

Changxing Island accelerates development of world-class green petrochemical industrial base

The high-end petrochemical new materials project by Liaoning Dingjide Petrochemical Co. Ltd., a major supplier of polyolefin catalysts and chemical additives products, is rapidly progressing in the Changxing Island Economic and Technological Development Zone of Dalian, Liaoning province.