Economics
Singapore fuel oil inventories hit about five-month highs
Onshore inventories of residual fuel rose to nearly five-month highs at key trade hub Singapore this week.
Saudi Arabian companies warn Aramco fuel price hike may curb earnings
Scores of Saudi Arabian companies said their earnings could be dampened this year as production costs will increase after state energy group Saudi Aramco notified them it would sharply raise feedstock and fuel prices.
APA to acquire rival Callon Petroleum in $4.5-B deal
U.S. oil producer APA announced it was buying rival Callon Petroleum in an all-stock transaction valued at $4.5 B including debt, following on the heels of a record year for dealmaking in the largest U.S. shale field.
AGI Group acquires Chemtrix B.V. to expand into the large-scale flow chemistry market
AGI Group is excited to announce the successful acquisition of Chemtrix B.V. effective from 29th December 2023.
Curtiss-Wright Exlar announces new Tritex EVA for oil & gas valve actuation
Curtiss-Wright’s Actuation Division announced that its new Exlar Tritex EVA electric valve actuator has achieved CSA Class 1, Division 2 Hazardous Location certification.
China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units
Chinese privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50% stake in the Saudi company's refining unit SASREF.
Jet Aviation partners with World Fuel Services to offer SAF in Montana and Arizona (U.S.)
Jet Aviation announced that it has signed an agreement with World Fuel Services to secure and offer SAF on-site at its FBOs in Bozeman, Montana, and Scottsdale, Arizona, effective immediately.
Oil climbs as supply concerns deepen with Libyan oilfield disruption
Oil benchmark Brent rose by around a $1 a barrel, after reports of a disruption to Libya's top oilfield added to supply concerns emanating from tensions in the Red Sea.
China crude flows to storage poised to pick up after half-year lull
China's flow of crude oil into inventories faded over the second half of last year as the world's top importer reduced purchases in response to higher prices.
India turns to Saudi as purchases of Russian oil fall in December
India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed.
- 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
