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Crude oil

China's big refineries crowd out teapots for discounted Russian oil

Chinese state oil giants and major private refiners are sweeping up more Russian crude, supporting prices and forcing smaller independents to seek out cheap alternatives such as Iranian oil.

“Shark Tank” star Kevin O’Leary vows to build $14-B oil refinery in the US

Kevin O’Leary, star of “Shark Tank” and chairman of O’Leary Ventures announced his plans to build a $14-B oil refinery with the goal of reigniting America’s energy independence.

India's March fuel demand soars on robust economic activity

India's fuel consumption jumped to a record high in March fueled by robust economic activity in the world's third biggest oil consumer.

Western curbs on Russian oil products redraw global shipping map

Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.

Valero's Port Arthur refinery prepares small CDU restart

Valero Energy Corp is preparing to restart the small crude distillation unit at its 335,000 bpd Port Arthur, Texas refinery after completing a planned overhaul.

French strikes keep record crude volumes on the water, crash storage levels

French strike action has led to record amounts of crude and condensate sitting idly offshore while the country's crude stocks have plummeted.

Saudi Aramco boosts China investment with two refinery deals

Saudi Aramco raised its multi-billion dollar investment in China by finalizing and upgrading a planned joint venture in northeast China and acquiring an expanded stake in a privately controlled petrochemical group.

Colombia's Ecopetrol must grow oil, gas output to fund transition

Colombia's Ecopetrol must focus on growing its oil and gas production to fund the transition towards renewables.

MOL Group reaches historic milestone by bringing Azeri light crude oil from oilfield co-owned in Azerbaijan

MOL Group is transporting crude oil produced at its co-owned oilfield, the Azeri–Chirag–Gunashli in Azerbaijan, to Slovnaft Refinery in Bratislava.

U.S. refiners shift focus to distillates amid energy transition

As U.S. refiners rejigger operations to reflect declining domestic motor fuels demand in the next decade, they will seek to maximize diesel and biofuels production for exports.