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Crude oil

Nigeria's Dangote refinery receives first crude cargo

The Dangote oil refinery in Nigeria received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co, bringing the start of operations closer after years of delays.

Details of Canada's planned regulations to limit oil and gas emissions

Canada unveiled planned regulations to limit emissions from the oil and gas sector using a cap-and-trade system, fulfilling a promise by Prime Minister Justin Trudeau's government to cut emissions in its most polluting sector.

Venezuela's PDVSA authorizes first two oil cargoes to India after sanctions relief

Venezuelan state oil company PDVSA has assigned loading windows in December to two vessels bound for India under crude spot deals with Italy's ENI and U.S.-based Chevron, an internal company document showed.

Petroecuador says crude oil output surpasses 400,000 bpd

Ecuador's state oil company Petroecuador said that crude oil output surpassed 400,000 bpd for the first time since January 2021.

India resumes imports of Venezuelan oil, Reliance seeks direct deal

Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country.

Black Sea storm disrupts Russian and Kazakh oil exports

A severe storm in the Black Sea region has disrupted up to 2-MM bpd of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data.

OPEC head accuses IEA of vilifying fossil fuel industry

OPEC Secretary General Haitham Al Ghais accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy.

BASF shares rise on report ADNOC exploring Wintershall Dea deal

Shares in chemicals giant BASF rose after a report that ADNOC is exploring an acquisition of the German group's energy business Wintershall Dea.

Indonesia's Pertamina expects Balikpapan refinery expansion in 2024

Pertamina expects to complete the capacity upgrade at its Balikpapan refinery in April next year. The project will see the facility's production increase by 100,000 bpd to 360,000 bpd.

Two men convicted in U.S. of trying to sell Iranian petroleum

A U.S. jury has convicted two Texas men of trying to sell Iranian petroleum in violation of sanctions imposed by Washington and of conspiracy to commit money laundering.