Fuel Oil

CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions

The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine.

Oil prices rise after new EU sanctions on Russia

The EU reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, which includes measures aimed at dealing further blows to Russia's oil and energy industries.

Russia's June seaborne oil product exports down 3.4% m/m

Russia's seaborne oil product exports in June were down 3.4% from May at 8.98 MM tonnes (t) amid planned domestic refinery maintenance and strong domestic demand.

U.S. crude stockpiles increase, gasoline falls on July 4 driving demand

U.S. crude oil stockpiles rose unexpectedly last week, while gasoline drew down on the back of strong driving demand ahead of the July 4 weekend, according to the Energy Information Administration (EIA).

U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude

Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.

EIA: U.S. crude and fuel inventories fall on higher demand

U.S. crude oil and fuel inventories fell last week as refining activity and demand rose, the Energy Information Administration (EIA) said on Wednesday.

Asia's fuel oil imports from Iraq hit 4-month high in May

Asia's fuel oil imports from Iraq hit a four-month high in May as strong refining margins boosted output and exports from the Middle Eastern supplier.

U.S. crude and fuel inventories fall, Nigerian crude imports jump

U.S. crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years.

Digital Feature: FuelEU: A growth opportunity for U.S. Midwest ethanol producers

Saudi Arabia's refining boom helps it weather oil price war

Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports.