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Crude oil

Venezuela's May oil exports rise 30% during U.S. wind-down period

Venezuela's oil exports recovered in May from a low figure the previous month as state oil company PDVSA's customers rushed to take cargoes ahead of the resumption of U.S. sanctions on the South American country.

EIA: U.S. crude stocks fall, fuel inventories climb as refining picks up

U.S. crude oil inventories decreased while fuel stockpiles rose last week, as refining activity jumped, the U.S. Energy Information Administration (EIA) said on Thursday.

U.S. refiners boosting fuel output past 90% of capacity for summer driving season

U.S. crude oil refiners aim to operate above 90% of their combined processing capacity for the remainder of the quarter after completing planned overhauls.

Topsoe unveils KM 111, an advanced ammonia synthesis catalyst

The KM 111 from Topsoe is an advanced ammonia synthesis catalyst that is redefining industry standards, boasting excellent efficiency and cost-effectiveness. 

Russia's Tuapse oil refinery remains idle after May 17 drone attack

Rosneft's Black Sea oil refinery in Tuapse may remain idle until at least mid-June, despite being repaired after a May 17 drone attack, due to low profitability.

Indian refiner-Reliance-to buy Russian oil in roubles

India's Reliance Industries Ltd., operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbls of oil/month in roubles.

ConocoPhillips to buy Marathon Oil in $22.5-B deal as energy mergers roll on

ConocoPhillips has agreed to buy Marathon Oil in a $22.5-B, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves.

India's Reliance signs 1-yr deal to buy Russian oil in roubles

India's Reliance Industries, operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbl of oil a month in roubles.

Brazil's Raizen launches second-generation ethanol plant, mulls new contracts

Brazil's Raizen inaugurated its second cellulosic ethanol plant as part of a plan in which four more production units will be opened by the 2025/26 harvest.

Spain's Repsol receives U.S. license for Venezuela oil, gas projects

Spain's Repsol has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela.