Crude oil
PetroChina posts record interim profit, but fuel sales decline
China's largest oil and gas company PetroChina's first-half net income hit a new high, up 3.9% compared with a year ago, as higher oil and gas prices outweighed the impact of reduced refining profits.
Sinopec's H1 profit up on record output despite lower product demand
China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.
China’s Rongsheng Petchem buys its first Canadian Kearl Lake crude from Exxon
Chinese refiner Rongsheng Petrochemical has bought 1.65 MMbbl of Canadian crude oil to be exported from the Trans-Mountain pipeline for delivery in November, including its first cargo of Kearl Lake crude.
India surpasses China to become Russia's top oil buyer in July
India overtook China as the world's biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels.
Nigeria to start selling oil in local currency to Dangote refinery from October
Nigeria will start selling crude oil in its naira currency to the Dangote refinery from Oct. 1 in a move aimed at easing foreign exchange pressure on the country's main oil refinery.
EIA: U.S. crude stocks, gasoline and distillate inventories fall
U.S. crude stocks, gasoline and distillate inventories fell in the week ending August 16, the U.S. Energy Information Administration (EIA) said on Wednesday.
U.S. West Coast refiners still waiting for TMX margin boost
Canada's expanded Trans Mountain (TMX) oil pipeline, which commenced commercial operations in May, so far has had little impact on crude costs at refineries on the U.S. West Coast.
Shell Singapore shuts Bukom refinery units for maintenance
Shell Singapore has shut one crude distillation unit (CDU) and other facilities at its refinery on Bukom island for a scheduled overhaul.
Russian oil refining volumes up in August
Russian oil companies have boosted oil refining volumes this month as Gazprom plants ramped up output.
Oil spill reported off Venezuela's Caribbean coast
An oil spill, which appeared to originate from Venezuela's El Palito refinery several days ago, has contaminated a bay off the country's north-central coast in the Caribbean Sea.
- China's Shandong Yulong Petrochemicals to invest > $16 B to incorporate petrochemicals production at Yantai refinery 7/30
- Supertanker delivers oil to sanctioned Nayara Energy's Vadinar refinery 7/30
- Update: Microsoft restores services to Russia-backed Nayara Energy 7/30
- U.S. crude stocks and distillate inventories rise, gasoline inventories fall 7/30
- Mexico exports 39% less crude oil in June, refining and fuel production increase significantly 7/30
- CLG and INA successfully produce SAF from biogenic feedstock 7/29
