Crude oil
As Saudi oil cuts raise prices, Asia refineries buy elsewhere
Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour grades of crude.
Russia's Sakhalin Energy resumes operations in full after maintenance
Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance.
Russia to deliver second oil cargo to Brazil in September
Russia loaded the second oil cargo for delivery to Brazil in September.
Europe set for light autumn refinery maintenance as fuel markets tighten
European oil refiners are set to have an autumn maintenance season less busy than usual as they try to capture higher profit margins amid low fuel inventories and robust demand for gasoline and diesel.
Russia ships first oil cargo to Brazil as it seeks to diversify buyers
Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which has been drastically limited by U.S. and EU sanctions.
U.S. says it disrupts illicit oil shipment by Iran's IRGC, seizes contraband crude
The U.S. said it has halted a multi-million dollar shipment of crude oil by the Islamic Revolutionary Guard Corps being shipped in violation of sanctions against Iran, and seized more than 980,000 barrels of contraband crude oil.
Oil cut extension raises risk of Saudi economic contraction this year
Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving.
Oil India plans net zero by 2040, to invest $2 B in projects
Oil India Ltd aims to invest 165 B rupees ($1.98 B) in clean energy projects to meet its 2040 net zero carbon.
German parliament passes bill phasing out oil and gas heating systems
Germany's lower house of parliament passed a bill on phasing out oil and gas heating systems after months of wrangling, but the watered-down bill means the sector's 2030 climate goal cannot be reached.
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
- Tasnee's Saudi Ethylene and Polyethylene Co. commences planned maintenance of ethylene plant 1/2
- Advanced Biofuels Canada Association welcomes federal biofuels production incentive coming into force 1/2
- Technip Energies completes acquisition of Ecovyst’s Advanced Materials & Catalysts business 1/2
- Peru opens state-owned Petroperu to private investment after reorganization 1/2
- Brazil's Petrobras cuts jet fuel prices by 9.4% 1/2
- Norway's new car sales were 96% electric in 2025 1/2
