Crude oil

EIA: U.S. crude inventories rise the most in 3 yrs as refinery demand slips, imports increase

U.S. crude inventories rose by the most last week since February 2023, as refinery utilization slowed and imports increased, the U.S. Energy Information Administration (EIA) said.

Hungary's Orban asks EU to go verify Druzhba pipeline damage

Hungary this week blocked new sanctions on Russia and the loan to Ukraine, in response to the stoppage of oil flows through Druzhba.

Global diesel flows further reshuffle on EU sanctions, discounted Russian exports

Croatia assessing legality of importing Russian oil, EU says

Croatia is assessing whether it can lawfully import seaborne Russian crude oil to supply to Hungary and Slovakia after the Druzhba pipeline supplying them via Ukraine was damaged.

Kuwait's KPC draws BlackRock, Brookfield, EIG to possible $7-B pipeline deal

BlackRock, Brookfield Asset Management, EIG Partners and buyout group KKR are among those that have shown interest.

UK targets Russia's Transneft in new sanctions on Ukraine war anniversary

The West has imposed tens of thousands of sanctions on Russia, including its oil sector, but has failed to bring Russian oil exports down by any significant amount. China, India and Turkey still buy Russian oil.

Saudi Aramco sells first Jafurah condensate cargoes to U.S. firms, India

The Jafurah project, estimated to contain 229 Tsft3 of raw gas and 75 Bbbl of condensate, is central to Aramco's ambitions to boost its gas output to become a major global natural gas player and to expand its offerings of light crude grades.

Indian refiners' January crude processing slips 0.2% from a month earlier

On a year-on-year basis, refinery throughput was little changed in January. India is the world's third-biggest oil importer and consumer.

Venezuela's refineries boost processing to 35% of capacity

Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies