Crude oil
Oil edges up after steep losses ahead of U.S. debt ceiling vote
Oil prices edged up after steep losses in the prior session, as market participants awaited an expected vote on a bipartisan deal to lift the $31.4-T U.S. debt ceiling.
Top shipper of Russian oil secures Indian cover as Western certifiers exit
An Indian agency has stepped in to provide safety certification for most of Gatik Ship Management's fleet, a major carrier of Russian oil to India, after Lloyd's Register and the American Bureau of Shipping withdrew classification for many of its vessels, records show.
Mexico's gasoline independence dream sinks in dirty fuel oil glut
Mexico's president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly contaminating fuel oil.
Oil steadies as higher inventories balance U.S debt bill progress
Oil steadied as a potential pause in U.S. interest rate hikes and the passing of a crucial vote on the U.S. debt ceiling bill were offset by a report of rising inventories in the world's biggest oil consumer.
OPEC+ unlikely to deepen oil supply cuts at June 4 meeting
OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting despite a fall in oil prices toward $70 per barrel.
Lukoil raises oil output at Iraq's West Qurna 2 to 480,000 bpd
Russia's Lukoil has increased oil production at Iraq's southern West Qurna 2 oilfield by 80,000 barrels per day bpd to a total of 480,000 bpd.
Fire at India's Numaligarh refinery under control, company says
A fire that broke out at the 60,000 barrel-per-day Numaligarh Refinery Limited in Assam state, India, has been brought under control, the refinery said.
Future refineries in India may be smaller capacity
India will look at building smaller oil refineries because of problems in acquiring land as it aims to raise its annual refining capacity to 9 million bpd.
Oil slips as economic jitters offset U.S. debt deal
Oil prices slipped as economic worries over further interest rate hikes trumped a tentative debt ceiling deal reached in the U.S., possibly averting a default in the world's largest economy and oil consumer.
Turkey's Urals oil purchases hit seven-month high in May
Turkey's purchases of Russian Urals oil hit a seven-month high in May as Turkish refiners took advantage of low prices for the grade.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
