Crude oil

Operations at Exxon's Baytown, Texas refinery normal after storms

ExxonMobil Corp said operations at its Baytown, Texas refining and petrochemical complex were normal on Wednesday following severe storms including at least one tornado on Tuesday.

Mexico's newest oil refinery to begin crude processing in July

Mexican state oil company Pemex's newest refinery, which is still under construction in Mexico's southeast, will begin to process crude oil in July 2023.

Indonesia's Pertamina to adjust refinery investment plans amid energy shift

The refinery arm of Indonesian state energy firm Pertamina is redesigning its refinery expansion plans to meet shifting demands from a transition towards renewable energy, its chief executive said on Tuesday.

Aramco sees increased Chinese demand for fuel

Saudi Arabian state oil producer Aramco sees increased demand for fuel from China and is discussing investments in petrochemicals with Chinese companies.

BASF shareholders say Russia exit sets up oil and gas IPO

BASF investors said that oil and gas business Wintershall Dea's exit from Russia, though painful, clears the way for plans to take it public and for BASF to focus on its chemicals operations.

TotalEnergies CEO says refineries won't be disrupted by Thursday strike day

The chief executive of oil major TotalEnergies said this week that strikes against France's planned pension reform on Thursday should not disrupt operations at refineries, adding that petrol stations were also prepared for the strike action.

Saudi Arabia stays top crude supplier to China in 2022, Russian barrels surge

Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.

U.S. crude stockpiles post surprise large build

U.S. crude oil stockpiles last week posted a large build that took analysts by surprise, as inventories in the Cushing, Oklahoma, storage hub gained while the market continued to recover from a winter storm last month.

Germany's Schwedt refinery to get non-Russian oil via Gdansk in January

Germany has received confirmation that commercial crude oil deliveries for the PCK Schwedt refinery are expected in the Polish port of Gdansk in January, the economy ministry told Reuters.

Europe boosts Russian diesel buying ahead of ban set to rock market

European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 European ban expected to tighten supplies, re-draw global shipping routes and increase price volatility.