Crude oil
Angola's Cabinda oil refinery to start up by April
Angola's Cabinda oil refinery is set to begin production by April, as it completes its first phase just ahead of schedule but over budget.
U.S. West Coast refiners boost imports of light Canadian crude
Canadian waterborne exports of light crude to the U.S. West Coast have surged since the Trans Mountain pipeline expansion (TMX) began operating in May, data shows, surprising some market participants who thought it would mainly be used to send heavy crude to Asia and California.
PetroChina set to shut top north China refinery in 2025
PetroChina is set to shut its largest domestic oil refinery around mid-2025, the country's first major closure at a state-run plant and part of a long-mooted project to replace it with a smaller facility at a new site.
Sinopec's 3Q earnings fall 52.1% on lower oil prices, refining margins
Chinese refiner Sinopec posted a 52.1% year-on-year decline in net profit to 8.54 B yuan ($1.2 B) for the third quarter because of lower oil prices and weak refining margins.
India's BPCL says Russia oil intake share falls to 34% in September quarter
Indian refiner Bharat Petroleum Corp's use of Russian oil fell to 34% of the total intake for crude processing in the July–September quarter due to a maintenance shutdown of units at its Bina and Kochi refineries.
Oil exports from Russia's western ports to fall 13% in Nov. as refinery maintenance ends
Russia's crude oil exports from its three main western ports will drop by 13% in November from the previous month to 1.95 MMbpd (or some 8 MM tonnes) as refinery maintenance season is over.
U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories rose while distillate inventories fell last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
Four new petroleum liquids pipelines have been completed in the U.S. since 2023
Since 2023, pipeline companies have completed four new petroleum liquids pipeline projects in the U.S.—three crude oil pipeline projects and one hydrocarbon gas liquids (HGL) project—according to the U.S. Energy Information Administration’s (EIA’s) recently updated Liquids Pipeline Projects Database.
As U.S. Permian crude turns lighter, it risks losing favor with refiners
Companies drilling for the crude that turned the U.S. into the world's top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which could make it less appealing to some refiners.
China's surplus crude oil hits nearly 1 MMbpd for September
The weak position of China's crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 MMbpd of oil being available for storage.
- Kazakhstan to build a new $10-B, 10-MMtpy refinery 2/18
- U.S. EPA expected to send 2026 biofuel blending quotas to White House this week 2/18
- Kent awarded pre-FEED contract for Eq.flight, an advanced power-to-liquids SAF project 2/18
- ABB launches integrated carbon capture measurement solution to accelerate industrial decarbonization 2/18
- CONSER awarded technology licensing/PDP contract for DMS and BDO plant in China 2/18
- Singapore marine fuel sales maintain strong start in early 2026 2/18
