Crude oil

Opinion: China used crude stockpiles to ease Iran shock, but not that much

For the first time in 14 months China's refiners processed more crude in May than was available to them from both imports and domestic production.

Circularity Fuels converts raw dairy biogas to jet fuel in world first end-to-end pilot

Opinion: Is the Iran war just an energy shock—or a turning point?

At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.

Fragile Iran deal offers oil relief, but Hormuz risks remain

Under the agreement announced late on Sunday, Iran and the U.S. agreed to lift their blockades on the Strait of Hormuz, through which roughly a fifth of global oil and LNG flowed before the war broke out on February 28.

U.S. refiners can still absorb more Venezuelan oil, Energy Secretary Wright says

Venezuela is sending about half of its total exports of 1.25 MMbpd to the U.S., with the remaining volumes going mainly to India and Europe.

From corn fields to cargo ships, ethanol gains early traction as marine fuel

Trans Mountain pipeline in Canada hits full capacity two years after upgrade

The uncertainty in global crude markets and the disruption to the Strait of Hormuz have increased demand for Canadian oil from Asian markets, but have also made it difficult to predict the pipeline's utilization rates beyond the short-term.

China learns to live on less fuel, to the relief of oil markets

Gasoline sales at Sinopec, which runs China's biggest network of petrol stations and is the world's largest refiner, dropped 8% on-year in April while diesel fell 6%.

Opinion: Hormuz reopening could be OPEC’s undoing

The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas flowed before the conflict – have sharply diminished output from the Organization of the Petroleum Exporting Countries and moved the industry’s center of gravity away from the Middle East.

U.S. summer driving season hits as gasoline supplies squeezed tight

Surging summer demand from American motorists has not stopped U.S. refiners from increasingly prioritizing lucrative diesel and jet fuel production to backfill global shortages caused by shipping disruptions at the Strait of Hormuz.