Crude oil

China's Sinochem cuts refinery runs, seeks prompt-delivery crude

Sinochem has also been trying to buy spot cargoes from bonded storage for prompt delivery to cover its "immediate" requirements for the 300,000-bpd Quanzhou plant.

Prices for oil, fuel cargoes smash record highs as Iran war chokes Middle East supply

Surging oil prices in physical markets — the trading place for oil on ships, rail cars or in storage tanks — have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on Iran.

bp agrees to sell 12-MMtpy Gelsenkirchen refinery to Klesch Group

TotalEnergies starts production at France’s first advanced plastics recycling plant

TotalEnergies has launched France’s first advanced plastics recycling plant, with a capacity of 15,000 tpy, at its Grandpuits site southeast of Paris. This start-up marks another step in the conversion of the refinery into a zero-crude platform.

Jones Act: U.S. waives shipping regulation to ease fuel, fertilizer deliveries

Under the Jones Act, goods shipped between U.S. ports must be carried on vessels that are U.S.-built, U.S.-flagged and mostly U.S.-owned. Maritime industry unions support the requirement, which sharply limits the number of tankers available for domestic shipments.

Vance, Wright to meet with U.S. oil trade group, acknowledges 'rough road ahead' on gas prices

The U.S. has already announced plans to release crude oil from the nation's emergency stockpile to reduce energy prices, and on Wednesday said it would issue a 60-day waiver to U.S. shipping regulations ease fuel deliveries to the nation's ports.

Slovakia considers higher diesel price for foreigners to battle fuel tourism

China's fuel export ban to further tighten Asia supply

CITGO launches advanced grease technology for severe-duty applications

Oil majors' output in the Middle East

Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli on Iran has disrupted oil and gas shipping and halted some output.