Crude oil
Opinion: bp’s green failure offers Big Oil a lesson in moderation
bp has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to become a renewables giant. The takeaway for Big Oil is that the energy transition is a marathon, not a sprint.
U.S. crude stockpiles fall as refining picks up, fuel inventories build, EIA says
U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds.
S. Korea's SK Energy shuts crude unit for 2-week overhaul
South Korea's SK Energy plans to restart the 170,000-bpd crude distillation unit (CDU) at its Ulsan refinery in next two weeks after maintenance work.
Trump says he wants Keystone XL oil pipeline to be built
Republican U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for the crude oil project, which was opposed for years by environmentalists before its permit was revoked by the Biden administration.
Canada wants new oil pipelines to avoid Trump tariffs; nobody wants to build them
The Canadian government would have to play a significant role in any project to build new oil pipelines in Canada to overcome regulatory, financial and political hurdles and activist opposition, industry experts said.
U.S. piles pressure on Iraq to resume Kurdish oil exports
U.S. President Donald Trump's administration is piling pressure on Iraq to allow Kurdish oil exports to restart or face sanctions alongside Iran.
Japan's Eneos shuts 141,000-bpd Sakai CDU after a fire
Japan's biggest refiner, Eneos Corp., shut down a 141,000- bpd crude distillation unit (CDU) at its Sakai refinery on February 17 after a fire there that day.
Russia's idle oil refining capacity estimated 82% up in February
Russia's offline primary oil refining capacity in February is revised up 82% from the initial plan for this month.
U.S. refiners mull switch to alternative lighter crudes amid Trump tariff fears
Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including running more domestic grades, as they await clarity around U.S. President Donald Trump's threatened tariffs on imports from the nation's top crude suppliers Canada and Mexico.
U.S. oil, biofuel groups unite to urge new Trump EPA to boost biofuel mandates
U.S. oil and biofuel groups banded together this week to urge the new Trump administration to increase volumes of renewable fuels that must be blended into the nation's fuel mix in 2026 and beyond.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
