Tight market for sour crude oil to squeeze U.S. Gulf Coast refiners

Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month's OPEC+ production cut.

Record U.S. crude exports, rising shale output boosts oil flow to Houston

U.S. crude exports climbed to a record of about 4.5 million bpd in March, spurred by recovering Chinese demand and competitive pricing for U.S. oil.

U.S. could start buying oil for reserve after June sale, energy secretary says

U.S. Energy Secretary Jennifer Granholm told lawmakers her department could start repurchasing oil for the Strategic Petroleum Reserve after completing a congressionally mandated sale next month.

Oil falls 2% on weak U.S. and Chinese economic data

Oil prices fell about 2% to a one-week low as a political standoff over the U.S. debt ceiling stoked recession jitters in the world's biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed.

Alberta producers restart oil and gas operations as wildfires temporarily ease

A number of oil and gas companies in Canada's main crude-producing province Alberta restarted shuttered production as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.

Neste and PetroCard partner to expand access to renewable diesel in the Pacific Northwest

As part of its commitment to help businesses and cities reduce greenhouse gas emissions from the transportation sector effectively, Neste today announced a new partnership with PetroCard to grow the accessibility of Neste MY Renewable Diesel in the Pacific Northwest region of the United States.

Russia starts diesel exports to Chile

Russia has started diesel exports to Chile, expanding its oil products supplies to Latin America after a European Union embargo forced traders to find new outlets.

GAIL plans $4.9-B ethane cracker in West India

GAIL Ltd, the country's top gas supplier, plans to build a $4.89-B ethane cracker near its LNG import plant in Western India as it seeks to meet an expected surge in demand.

Honeywell introduces UOP eFining technology for new class of sustainable aviation fuel

Honeywell today announced its innovative, new, UOP eFining technology, a ready-now solution for producing low-carbon sustainable aviation fuel.

Chile signs oil import deal with Argentina's YPF

Chilean state oil company National Petroleum Company said it has signed a temporary agreement with Argentine oil firm YPF to import crude through the Trasandino pipeline, a key step for both countries' trade.