Crude oil
Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners
The project adds additional takeaway capacity for Canadian crude and broadens access to U.S. refineries, improving the flow of oil sands to major export outlets.
China's October crude oil imports rise 8.2% year-on-year, refinery utilization rates highest of year
China's seaborne crude imports rose to 10.4 MMbpd in October, up 6% from September and 9% year-on-year, as refiners ramped up throughput on improving margins.
U.S. urges Europe to stick to oil and gas, not renewables
The U.S. has become Europe's top oil and gas supplier on the back of the U.S. shale boom and its companies are seeking to boost the share as the European Union moves to fully cut off remaining Russian energy imports.
PetroChina to phase out 19 old refining, chemical units to curb sector glut
The world's second-largest oil consumer is facing a faster-than-expected peak in fuel demand due to rapid electrification of its transportation fleet and a petrochemical sector that is plagued by excess capacity and poor margins.
Slovak refiner Slovnaft says Croatia's Janaf cuts supply of non-Russian crude
Slovnaft, part of Hungary's oil and gas group MOL, mostly processes Russian oil and an exemption to EU sanctions that allowed it to export products to the Czech Republic derived from those deliveries expired in June.
Russia-backed sanctioned Indian refiner boosts crude runs to 90%
Oil processing at Nayara's 400,000-bpd western India plant dropped to 70%–80% after the EU sanctioned it in July, denting its exports and leading suppliers such as Iraq and Saudi Arabia to halt crude sales to the company.
Slovak refiner Slovnaft says Croatia's Janaf cuts supply of non-Russian crude
Slovnaft, part of Hungary's oil and gas group MOL, mostly processes Russian oil and has an exemption to EU sanctions that allows it to export products derived from those deliveries.
Mexico's Pemex pumps less, refines more in third quarter
With many fields declining rapidly - especially former star producers in the Gulf of Mexico - and many new discoveries not living up to expectations, the behemoth has struggled to meet the government's ambitious production goal of 1.8 MMbpd.
BPCL, Oil India to build $11-B refinery, petchem complex in southern state
Oil India is considering taking a 10%–20% stake in the planned refinery in Andhra Pradesh state, while BPCL is seeking additional partners for the project.
Mali strikes deal with Russia for petroleum products
Jama'at Nusrat al-Islam wal-Muslimin (JNIM) militants announced a blockade on fuel imports to the landlocked West African country in early September and have since attacked convoys of fuel tankers attempting to enter the country or reach the capital.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
