Crude oil
Oil prices up 2% to 10-week high on weaker US dollar, rising demand forecasts
Oil prices jumped about 2% to a 10-week high, boosted by a falling U.S. dollar, hopes for higher demand in the developing world and supply cuts by the world's biggest oil exporters.
Indonesia seizes Iranian-flagged tanker suspected of illegal oil transfer
Indonesia's coast guard said it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil and vowed to toughen maritime patrols.
Digital Exclusive: Refineries’ pandemic turmoil—KNPC’s gasoline demand: Opportunities and challenges
In this exclusive digital article, KNPC provides a comprehensive analysis of the difficulties and challenges that the company experienced during the COVID-19 epidemic and how its refineries adapted during this challenging time.
Oil dips on Chinese and U.S. data, but OPEC+ cuts limit fall
Oil prices dipped after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses.
Fire breaks out in Iran's Bandar Abbas refinery
A fire broke out at the Bandar Abbas oil refinery located in the south of Iran, the student-led Young Journalists Club news agency reported.
Oil prices up 2% to 6-week high on supply concerns
Oil prices climbed about 2% to a six-week high as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.
Asia oil markets eye Kuwait Al Zour's exports as final CDU starts up
Oil markets in Asia are bracing for further growth in exports from Kuwait's newest Al Zour refinery as the complex started up its third and final crude distillation unit this week, with trade sources saying the full impact was likely to be felt later in the third quarter as it ramps up operation.
Iran seizes tanker with 900 tons of 'smuggled fuel'
Iran's Revolutionary Guards seized a tanker holding 900 metric tons of "smuggled fuel" and 12 crew members based on a court order, a report by the semi-official Fars news agency said.
Kuwait hopes to have higher oil production quota as country ramps up capacity
Kuwait's oil minister said that his country hopes to have a higher oil production quota when it ramps up capacity, and that Kuwait remains committed to OPEC decisions.
CPC limits oil intake due to power outage in Kazakhstan
The Caspian Pipeline Consortium has stopped three pumping stations in western Kazakhstan because of a power outage in the region, the CPC said.
- Essar launches hydrogen power plant at Stanlow refinery (U.K.) 7/16
- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
- Mexico–U.S. energy trade value fell in 2023 on lower fuel prices 7/16
- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
