Crude oil
Shell flags profit hit from weakness in gas trading and chemicals business
Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31.
EIA: U.S. crude and gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories rose unexpectedly last week, while distillate stockpiles fell.
Poland's Orlen will no longer buy Russian oil, CEO says
Polish refiner Orlen will not buy Russian oil for its Czech refinery after June 30, Chief Executive Ireneusz Fafara said on Monday. The contract with Rosneft for Russian oil to be supplied to the Litvinov refinery in the Czech Republic was the last one linking Orlen to Russian oil.
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.
Tankers U-turn, zig-zag, pause around Strait of Hormuz
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.
U.S. refinery capacity grew to 18.4 MMbpd in 2024
U.S. refinery crude oil processing capacity grew by nearly 40,000 bpd in 2024 to 18.4 MMbpd.
Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict
Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped.
Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade
Mexican authorities this week discovered a clandestine mini-refinery in the eastern state of Veracruz, along with half a million barrels of crude oil they suspect were stolen from the country's pipelines.
Italy's Eni eyes new unit to manage oil refineries
Eni intends to set up a new company focused on several assets including oil refineries and fuels storage facilities in Italy
Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future
Flint Hills Resources has implemented Inatech's Techoil SaaS system to transform its crude trade and supply work processes.
- 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
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
