Crude oil

U.S. refiner Valero to import up to 6.5 MMbbl of Venezuelan crude in March

Valero was among the first U.S. refiners to resume imports of Venezuelan crude after the United States struck a flagship $2-B oil supply deal with the country's interim government and began to ease sanctions.

Suffocating Western pressure may finally force Russian oil output cuts

Moscow has successfully redirected most of its seaborne crude to China, India and Turkey, often relying on a “shadow fleet” of aging, uninsured tankers to circumvent restrictions while offering steep discounts.

India's Reliance wins U.S. license for Venezuelan oil

A general license authorizes the purchase, exportation, and sale of Venezuelan-origin oil that has already been extracted, including the refining of such oil.

Slovakia says Druzhba oil supplies interrupted, expected to resume in coming days

The economy ministry said the interruption did not affect Slovakia's energy security and gave no further details on the length of the expected suspension of flows.

Vietnam's largest refinery to operate at 120%-125% of designed capacity in Q1

Nigeria's Dangote refinery says crude unit and petrol block running at capacity in tests

The tests are intended to confirm operational efficiency and verify that key parameters meet global standards.

Russia to send crude oil and fuel to Cuba soon, Izvestia reports

Cuba is grappling with fuel shortages after the U.S. moved to choke off its oil supplies. The communist-run island has warned international airlines that jet fuel will no longer be available, the latest sign of fast-worsening conditions.

Vietnam's largest refinery to operate at 120%–125% of designed capacity in Q1

The 200,000-bpd refinery plans to produce 2 MMt of refined petroleum products in the January–March period.

EIA: U.S. crude stocks increase by most in a year after storm hit refining, exports

U.S. crude stocks rose last week as refining and export activity slowed during a winter storm last month, while domestic output started to recover from the freeze.

Global shipping industry sticks with green investments, despite carbon price delay

Europe, Brazil and a host of other nations are pushing the sector, which is responsible for nearly 3% of the world's greenhouse gas (GHG) emissions, to go green.