Crude oil
Mexico's Pemex motor fuel production dipped last month
Motor fuel production from Mexico's state-owned oil company Pemex dipped last month, company data showed, falling short of ambitious government refining targets meant to wean the country off its long-standing dependence on foreign supplies.
Norway approves more than $18 B in oil, gas investments
Norway's government said it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
Malaysia's Petronas sees domestic oil, gas output peaking by 2024
Malaysia's state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration executives said.
Renewables growth did not dent fossil fuel dominance in 2022
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said.
Ecopetrol sells crude to Asia at deeper discounts amid Russia competition
Colombia's Ecopetrol is managing to sustain sales to Asia at about 45% of its crude oil production though rivalry from Russian oil is forcing it to offer deeper discounts, a senior executive said.
Saudi Aramco sees 'sound' oil outlook for H2 on China, India demand
Saudi Aramco believes market fundamentals remain "sound" for the second half as demand from emerging markets led by China and India will offset recession risk in developed markets, CEO Amin Nasser told an industry gathering.
Nigeria amasses $3-B debt to traders for oil swaps
Nigeria has accumulated up to $3 B in debts to trading houses such as Vitol and oil majors such as bp for fuel supplies and is trailing four to six months behind schedule in repaying them with cargoes of crude.
Oil resumes slide on demand worries after latest rate hikes
Oil dropped over 2% and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies.
U.S. crude inventories post surprise draw, fuel stocks rise
U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.
China's Penglai crude shipments land in Singapore, Malaysia
Two crude cargoes loaded from China's Penglai oilfields arrived at Singapore and Malaysia in May and June, an unusual export from the world's largest crude importer.
- 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
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- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
