Crude oil
Japan's oil and gas independence climbs to highest since 2009
The rise to the highest since 2009 is attributed to progress in energy development projects involving Japanese firms and a decline in oil and gas imports.
Hungary asks Croatia for help after Russian oil flows via Ukraine halted
A Russian attack on the Druzhba pipeline in Ukraine on January 27 knocked out flows to Eastern Europe.
U.S. refiner Valero to import up to 6.5 MMbbl of Venezuelan crude in March
Valero was among the first U.S. refiners to resume imports of Venezuelan crude after the United States struck a flagship $2-B oil supply deal with the country's interim government and began to ease sanctions.
Suffocating Western pressure may finally force Russian oil output cuts
Moscow has successfully redirected most of its seaborne crude to China, India and Turkey, often relying on a “shadow fleet” of aging, uninsured tankers to circumvent restrictions while offering steep discounts.
India's Reliance wins U.S. license for Venezuelan oil
A general license authorizes the purchase, exportation, and sale of Venezuelan-origin oil that has already been extracted, including the refining of such oil.
Slovakia says Druzhba oil supplies interrupted, expected to resume in coming days
The economy ministry said the interruption did not affect Slovakia's energy security and gave no further details on the length of the expected suspension of flows.
Nigeria's Dangote refinery says crude unit and petrol block running at capacity in tests
The tests are intended to confirm operational efficiency and verify that key parameters meet global standards.
Russia to send crude oil and fuel to Cuba soon, Izvestia reports
Cuba is grappling with fuel shortages after the U.S. moved to choke off its oil supplies. The communist-run island has warned international airlines that jet fuel will no longer be available, the latest sign of fast-worsening conditions.
Vietnam's largest refinery to operate at 120%–125% of designed capacity in Q1
The 200,000-bpd refinery plans to produce 2 MMt of refined petroleum products in the January–March period.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
