Crude oil
India's Reliance signs 1-yr deal to buy Russian oil in roubles
India's Reliance Industries, operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbl of oil a month in roubles.
Brazil's Raizen launches second-generation ethanol plant, mulls new contracts
Brazil's Raizen inaugurated its second cellulosic ethanol plant as part of a plan in which four more production units will be opened by the 2025/26 harvest.
Spain's Repsol receives U.S. license for Venezuela oil, gas projects
Spain's Repsol has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela.
U.S. to close Northeast gasoline reserve with 1-MMbbl sale
President Joe Biden's administration will sell nearly 1 MMbbl of gasoline in the U.S.-managed stockpile in northeastern states as required by law, effectively closing the near decade-old reserve.
EIA: U.S. crude stocks and distillate inventories rise, gasoline stocks fall
U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending May 17.
Indian refiner Reliance's April Russian oil imports up 11% month-to-month, India's Russian oil imports at 9-month high
India's Reliance Industries Ltd., operator of the world's biggest refining complex, shipped in about 351,600 bpd of Russian oil in April, up nearly 11% from the previous month.
Pemex is delivering only a fraction of feedstock to new Olmeca refinery
Mexican state energy company Pemex started sending 16,300 bpd of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, signaling another delay.
China's April gasoline exports fall to lowest level since July 2015 on recovering domestic demand
China's gasoline exports in April fell to the lowest level since July 2015, as domestic travel and fuel use increased in the recovering economy.
Russia to lift gasoline export ban
The Russian government has made a final decision to suspend the temporary ban on gasoline exports as the market is sufficiently supplied. The Energy Ministry has confirmed the information.
Mexico president's “dream” Pemex refinery hits another delay
Mexican state energy company Pemex started sending 16,300 bpd of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, signaling another delay.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
