Crude oil
Federal Reserve proposes new limits on Wall Street energy bets
The Federal Reserve outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments.
Russia's Rosneft to sell 96 MMt crude oil to Petrovietnam
Russia's Rosneft has signed a contract to supply 96 MMt of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam.
Asia fuel oil discount to Dubai crude at narrowest in eight months
Boosted by supply constraints and lower global inventories, the discount of 180-centistoke fuel oil in Asia to Dubai crude oil is at its narrowest in almost 8 months.
Asia oil refiners choose from 300 types of crude
Asia's oil refiners can choose from over 300 crudes from every continent, because of cheap freight and rising supplies.
US crude inventories fall unexpectedly for third week
US crude oil inventories fell sharply, the third consecutive week of unexpected declines, while gasoline stocks decreased nationwide.
Bharat Petroleum seeks upstream assets to feed refineries
Bharat Petroleum wants to buy more stakes in assets that are already producing to feed its refineries and become more self-sufficient.
India to buy 6 MMbbl of Iran oil for emergency reserves
India is set to buy 6 MMbbl of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms.
Hedge funds pile into gasoline amid pipeline, refinery woes
Money managers have amassed their largest bullish position in US gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring.
CVR’s Wynnewood refinery to receive SCOOP crude from new pipeline
Velocity Midstream has entered into definitive agreements with CVR Refining for the construction of a pipeline and terminal directly linking the fairway of the South Central Oklahoma Oil Province to CVR’s Wynnewood refinery.
Easy resolution unlikely for contentious Dakota pipeline
Rerouting a long-anticipated pipeline in North Dakota would be a laborious and costly task, delaying startup by months and provoking further opposition from Native American and environmental groups.
- Aramco signs MoU with Microsoft to help advance industrial AI and digital talent transformation 2/23
- Chandra Asri's chlor alkali-ethylene dichloride project reaches 50% completion 2/23
- Solvay to reduce production at Torrelavega soda ash plant due to market conditions 2/23
- Zeon Corp. holds groundbreaking for new cyclo-olefin polymers plant 2/23
- Honeywell adjusts acquisition agreement for Johnson Matthey's Catalyst Technologies business down to £1.325 billion 2/23
- Indorama Ventures and AMB Spa introduce industrial-scale breakthrough for recyclable multilayer trays 2/23
