U.S.

Whiting refinery workers begin contract negotiations with bp

Vitol to load first diluent cargo under Venezuela supply deal last weekend

The flow of naphtha, used as a diluent to thin Venezuela's heavy crude oil and make it easier to move and process, would mark a key milestone in efforts to boost production in the South American country as the Trump administration focuses on reviving its oil industry after removing President Nicolas Maduro from power last week.

India's Reliance in talks for U.S. permit to buy Venezuelan oil

Reliance's representatives are in discussions with the U.S. State and Treasury departments to obtain the authorization, the sources said, as Washington and Caracas progress in negotiations to ship 50 MMbbl of oil in the aftermath of the U.S. capture of President Nicolas Maduro.

Serbia's Russian-owned NIS refiner buys first crude since U.S. sanctions waiver

Washington imposed sanctions on NIS in October as part of broader measures targeting Russia's energy sector over Moscow's war in Ukraine.

U.S. refiner Marathon Petroleum says it will be bidding for Venezuelan crude oil

Caracas and Washington reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States.

India's Reliance Industries will consider buying Venezuelan oil

Caracas and Washington have reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States after U.S. forces captured President Nicolas Maduro on January 3.

U.S. West Coast jet fuel's premium to Asia near its widest in nearly 2 yrs

The premium for prompt U.S. West Coast jet fuel to Asia has reached its widest in nearly 2 yrs, LSEG data showed on Thursday, as refinery outages curbed U.S. supply and slower Chinese demand increased the fuel's availability in Asia.

U.S. refiners to benefit from Venezuelan crude oil imports

Verdant Specialty Solutions completes acquisition of Lubrizol’s Elmendorf, Texas (U.S.) manufacturing and R&D assets

The Elmendorf acquisition significantly strengthens Verdant’s position in the oil and gas production chemicals market, expanding its technology offering with the addition of H₂S scavengers, scale inhibitors, corrosion inhibitors, and other specialty oilfield chemicals.

Valero to keep importing gasoline after Benicia (U.S.) refinery closure

The San Antonio, Texas-based refiner said last year it would shut the 145,000-bpd San Francisco-area refinery by April 2026 amid concerns about California's declining fuel supplies and high gasoline prices.