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Crude oil

Ukrainian drones attack two oil refineries in southern Russia

Ukrainian drones attacked two oil refineries in southern Russia's Krasnodar region, causing a large fire at the Ilsky refinery during operations conducted by the SBU security service.

Japan's Cosmo expects around 90% refinery run rate in 2024-25

Japanese oil company Cosmo Energy Holdings expects its refinery run rate to hover around 90% in the business year starting in April as it plans maintenance shutdowns at its Chiba and Yokkaichi sites.

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

U.S. crude stocks rose as oil refiners took in less oil, following extreme cold weather that knocked out utilization last month, the Energy Information Administration reports.

TotalEnergies no longer sending ships through Red Sea

TotalEnergies has not sent ships through the southern strait leading to the Red Sea and the Suez Canal for several weeks, extending its ships' travel time to Europe, the French oil major said.

India will be world's biggest oil demand growth driver through 2030

India is expected to be the largest driver of global oil demand growth between 2023 and 2030, narrowly taking the lead from top importer China.

Woodside, Santos scrap talks on $52-B merger

Australia's Woodside Energy and Santos said they had ended talks to create a possible $52-B global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.

Exxon raises Guyana's oil production to about 645,000 bpd

A consortium led by Exxon Mobil Corp which controls all oil production in Guyana is pumping about 645,000 bpd in the South American country, up from about 400,000 bpd in late 2023.

Russia's Tuapse oil refinery will not resume operations this month

Rosneft-owned Tuapse oil refinery on the Black Sea will not resume operations this month, at the very least.

SOCAR ships Azeri BTC oil to Thailand via Cape of Good Hope

Azerbaijan's state oil company SOCAR is shipping Azeri BTC oil to Thailand via Africa's Cape of Good Hope to avoid the Red Sea.

Maintenance shutdown planned for Czech Litvinov oil refinery in April-May

Czech oil refiner Unipetrol will perform maintenance on its 109,000 bpd Litvinov oil refinery from April 4 to May 15.