Refining
Premiums for Russian ESPO Blend oil weaken on poor Chinese refining margins
China and India represent the two biggest markets for Moscow, and the price moves are capping its revenues.
ADNOC signs two strategic collaboration agreements with Indian partners
The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.
Update: U.S. House passes bill allowing year-round sales of E15 gasoline
The House on Wednesday approved the H.R. 1346 bill, or the Nationwide Consumer and Fuel Retailer Choice Act, by a vote of 218 to 203, which would allow fuel retailers to offer E15 year‑round, removing seasonal restrictions linked to smog concerns.
Iran, Ukraine wars deliver worst hit in years to oil refining output
Tightened supply has forced refiners, traders and retailers to tap crude and fuel inventories to meet demand.
Vietnam state oil company urges U.S. Navy to allow tanker through blockade
The U.S. military has expanded its shipping blockade on Iran to include cargoes deemed contraband, although it has said other oil exports from the Gulf are free to sail through.
- ADNOC deploys heavy-duty inspector robot for hazardous environments 5/21
- Indonesia to roll out ethanol-blended gasoline, B50 biodiesel from July 1 5/21
- Australia plans biofuel mandates to boost its energy security 5/21
- Kremlin sees no risk to fuel supply in Russia amid attacks on refineries 5/21
- Oil market clock is ticking as supply crunch looms 5/21
- Dangote plans September IPO for oil refinery business 5/21
