Crude oil
New fuel restrictions for ships in Arctic fall short, green groups say
Ships sailing through Arctic waters will no longer be able to use or carry heavy bunker fuel oil under a United Nations shipping agency regulation that took effect on Monday.
Blaze put out at Russian oil reservoir after Ukrainian drone strike
A Ukrainian drone attack caused a fire to break out at an oil reservoir for Russia's Druzhba pipeline in the Tambov region southeast of Moscow on Friday, but the blaze was extinguished within hours.
U.S. crude imports touch 2-yr high despite lukewarm demand
U.S. crude oil imports last month rose to a nearly 2-yr high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Venezuela resorts to dark fleet to supply oil to ally Cuba
Venezuela's state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles.
Oil prices push higher as demand expectations offset dollar strength
Oil prices edged up on Monday on the prospect of strong summer fuel demand and rising geopolitical tensions outweighed the effects of a stronger dollar.
Nigeria's Dangote Refinery accuses oil majors of blocking local crude purchase
An executive of the Dangote Refinery said on Sunday oil majors were blocking its access to locally produced crude oil by selling it above market price or claiming it was unavailable, forcing the company to rely on expensive imports.
Mexico's new Pemex refinery still needs important work, is far from ready
Mexican state energy company Pemex is unlikely to produce any commercially viable motor fuels at its new Olmeca refinery before the end of the year, five sources said, despite pressure that it should be ready before the outgoing president's term ends.
Vietnam's Binh Son refinery signs deal to buy Bach Ho crude
Binh Son Refining and Petrochemical has signed a new contact to buy crude oil from Bach Ho field for the 2024–2027 period. The crude oil will be for the operations of its 130,000-bpd Dung Quat refinery in central Vietnam, the company said in a statement.
bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects
bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies.
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility 4/6
- EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi 4/6
- India's Reliance buys Venezuelan oil directly from PDVSA 4/6
- Japan to boost intermediate chemical imports amid tighter naphtha supply 4/6
- Five EU countries call for windfall tax on energy companies 4/6
