Crude oil

Phillips 66 beats profit estimates as refining margins soar

U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.

India state retailers gasoil sales rose in April

Indian state fuel retailers' gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity.

Exxon Mobil not quitting exploration in Brazil

Exxon Mobil Corp is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said during the Offshore Technology Conference in Houston.

India cuts windfall tax on petroleum crude

India has cut the windfall tax on petroleum crude to ₹4,100 per ton from ₹6,400 per ton.

US April oil exports top forecasts on Chinese demand

U.S. crude oil exports rose more-than-expected last month, building on a record 4.5 million bpd in March, as Chinese refiners snapped up cargoes to meet rising fuel demand.

From crude oil to light olefins: Development and industrial application of the next-generation catalyst for catalytic pyrolysis process

Sha, Y., Wang, P., Zhou, X., Zhu, G., Lu, W., Ouyang, Y., Song, H., Lin, W., Luo, Y., SINOPEC Research Institute of Petroleum Processing

Light olefins, particularly ethylene and propylene, are the most crucial building blocks for the petrochemical industry.

Australia's Ampol first-quarter refining margins jump on solid fuel sales

Australia's Ampol Ltd reported a 40.7% expansion in refining margins at its Lytton refinery in Queensland, powered by higher prices for refined products such as petrol and diesel with continued strong performance across all segments.

Oil group MOL disputes hikes to pipeline fees through Ukraine, Croatia

Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026 by implementing substantial investments.

Crude prices up 2% on rising U.S. oil demand and lower output

Oil prices gained about 2% after U.S. data showed crude output was declining while fuel demand was growing.

Finland's Neste misses first-quarter earnings estimates, warns of market volatility

Finland's Neste posted weaker than expected first-quarter operating earnings and said forecasting both biofuels and oil sales margins will continue to be difficult owing to market volatility.