Crude oil
Britain commits to hundreds of North Sea oil and gas licenses
Britain committed to granting hundreds of licenses for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners.
TC Energy shares rise on spinoff plans
Shares of TC Energy rose nearly 3% in premarket trading after the Keystone pipeline operator disclosed plans to spin off its oil pipelines business to focus solely on transporting natural gas.
Russia's ESPO blend crude prices to China soar on robust demand
Discounts for Russia's ESPO Blend crude arriving in China in September are at their narrowest in eight months on firm demand from Chinese independent refiners, trade sources said.
End of Nigerian fuel subsidy set to squeeze Europe's refiners
One of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country's domestic demand and a regional market for smuggled fuel.
Vietnam to see lower crude oil output in 2021-2030
Vietnam is expected to see a decline in its annual crude oil and coal output during the rest of this decade, the Ministry of Industry and Trade said.
Colombia police seize $329 MM in property, bank accounts tied to stolen oil
Colombian police have seized property and bank accounts worth $329 MM, proceeds from the sale and export of stolen crude oil, officials said.
Egypt to import more mazut fuel oil to manage power cuts
Egypt will import $250 MM up to $300 MM worth of mazut fuel oil to manage power cuts, Egyptian Prime Minister Moustafa Madbouly said.
Nigeria unions to strike unless fuel price hike is reversed
Nigerian labor unions plan to strike to demand a reversal in petrol price hikes and lower public school fees, the Nigerian Labour Congress said.
Saudi Arabia expected to extend voluntary oil cut for September, analysts say
Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day for another month to include September, five analysts said, to provide additional support for the oil market.
Obscure traders ship half Russia's oil exports to India, China after sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.
- Carbon capture tops agenda at GPAE Conference 2025 6/17
- INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy 6/17
- Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion 6/17
- China's May refinery throughput at 9-month low on plant overhauls (1) 6/17
- bp completes turnaround work at 250,000-bpd refinery in Washington (U.S.) 6/17
- Japan's Eneos restarts 77,000-bpd Kawasaki CDU after unplanned shutdown 6/17
