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Crude oil

Talos Energy to acquire QuarterNorth Energy for $1.29 B

Oil and gas company Talos Energy said it will acquire privately held QuarterNorth Energy in a $1.29 -B cash and stock deal to bolster its presence in Mexico.

Drawn by low prices, Chinese refiners hunt for oil to replenish stocks

Chinese refiners are actively booking crude oil cargoes for delivery in March and April to replenish stocks, locking-in relatively low prices and in anticipation of stronger demand in the second half of 2024.

More oil tankers shun southern Red Sea after U.S.-led strikes in Yemen

At least six more oil tankers were steering clear of the southern Red Sea, as disruptions on the vital route for energy shipping increase in the wake of U.S.-led strikes against Houthi targets in Yemen.

Thai Oil to shut crude unit for repairs at Sriracha refinery

Thai Oil is planning to shut one of the three crude distillation units at its Sriracha refinery complex for repairs after production issues cropped up early last week.

Protesters in Libya threaten to shut down oil and gas facilities

Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum.

Indonesia's 2024 oil, gas lifting set to fall short of government targets, regulator says

Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said but pledged efforts to fill the gap.

Bulgaria replacing Russian crude with oil from Kazakhstan, Iraq, Tunisia

Bulgaria is replacing Russian oil imports with crude from Kazakhstan, Iraq and Tunisia in January, according to traders and LSEG data.

Oil tankers divert from Red Sea after U.S., UK strikes in Yemen

At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data from LSEG and Kpler showed.

Russia's NORSI oil refinery halts unit due to an incident

The NORSI oil refinery, one of the largest in Russia, has halted a unit after an incident, oil company Lukoil said, without giving further details.

St Nikolas oil tanker operator says it lost contact off Oman

The operator of the oil tanker St Nikolas, Greece-based Empire Navigation, said it had lost contact with the vessel off Oman near the city of Sohar.