Crude oil
Iran denies oil on tanker seized by Indonesia belongs to Tehran
Iran said the oil cargo of an Iranian-flagged supertanker seized by Indonesia last week does not belong to Tehran, Iranian state media reported.
Iraq and Lebanon sign MoU on Iraq providing Lebanon with fuel oil and crude oil
Iraq and Lebanon signed a memorandum of understanding (MoU) on Iraq providing Lebanon with fuel oil and crude oil, the Iraqi state news agency INA reported
Pakistan fuel pump operator association calls national strike
Fuel pump operators across Pakistan are to hold a nationwide strike on July 22 in a bid to secure larger margins amid an inflation crisis.
China's June fuel oil imports at year-to-date high on firm Russian volumes
China's June fuel oil imports hit the highest level for a month so far in 2023, buoyed by firm purchases of Russian oil, data from the General Administration of Customs showed.
U.S. looks to Mexico for in-demand sour crude barrels
The United States is on track in July to take in higher imports of crude oil from Mexico for a second month, as global demand for sour crudes ramps up following production cuts from OPEC+ that have cut off a pivotal source.
Full output resumes at Norway's Mongstad oil refinery
Full output has resumed at the Mongstad oil refinery in Norway, operator Equinor said, following a partial outage on July 12 due to a lightning strike near the plant.
Iraq's massive Total oil deal heralds new revenue-sharing formula
Iraq secured its $27-B oil deal with France's TotalEnergies by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors.
Vietnam approves $11.4-B plan to expand fuel storage capacity by 2030
Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to $11.4 B.
UN could start removing oil this week from decaying Yemen tanker
An operation to start removing some 1.1 million barrels of oil from a decaying tanker moored off Yemen's coast could start by the end of the week, the United Nations said.
A Case for Criteria that Simplify Process Vessel Lining Selection
Process vessels, also known as pressure vessels, deliver a critical function within oil and gas upstream operations. Subjected to elevated temperatures and pressures, these vessels are used to process hydrocarbon mixtures to remove corrosive materials from oil before transport. Linings are frequently used to mitigate corrosion inside process vessels and extend their service lives and maintenance cycles.
- Corteva and bp launch biofuel feedstock joint venture Etlas™ 1/7
- BASF starts up 1-MMtpy ethane cracker at Verbund site in Zhanjiang, China 1/7
- Larsen & Toubro delivers first feed to HPCL's 3.55-MMtpy LC-Max residue upgrading facility 1/7
- Borouge advances industry-first AI autonomous operations at Ruwais facility 1/7
- Chinese refiners expected to replace Venezuelan oil with Iranian crude 1/7
- Norway zips ahead in EV race as car sales hit 96% electric 1/7
