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Crude oil

Crews responding to fire at Valero's Corpus Christi refinery

Crews are responding to a fire within the 290,000 barrel-per-day Valero Energy Corp's Corpus Christi West refinery in Texas, according to a community alert.

India's Russian oil buying hits record high, slashes Mideast, Africa share

India's oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at least 22 years.

Croatia's Janaf, MOL sign transport deal for 500,000 tons of crude

Croatia's oil pipeline operator Janaf has signed a transport agreement with Hungary's energy group MOL for shipments of 500,000 tons of crude on the Adriatic pipeline.

Venezuela's PDVSA to ramp up refining by 20% in 2023

Venezuelan state energy company PDVSA's new management expects to boost the country's oil production to 1.17 million bpd by year end while increasing refining and exploration activities, an internal planning document showed.

US pipeline operator ONEOK moves into oil, products with $18.8-B Magellan deal

ONEOK Inc agreed to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 B including debt, bringing natural gas-focused ONEOK into transporting refined products and oil.

Turkey doubles Urals oil imports in early May vs early April

Turkey doubled Russian Urals oil imports in the first half of May versus the same period of April as the country profits from cheap crude that is sanctioned by the West.

India's Hindustan Petroleum posts biggest jump in quarterly profit in 9 yr

Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins.

Trafigura raises stake in Italian refinery Saras to 12.5%

Global commodities trader Trafigura has raised its stake in Italian refiner Saras to 12.46% from 5.23%, the companies said, strengthening Trafigura's foothold over Mediterranean oil flows.

Iraq ready to resume northern oil exports says minister

Iraq wants to restart oil exports on Saturday through a pipeline that runs from its northern Kurdistan region to the Turkish port of Ceyhan, but is waiting for the go-ahead from Turkey.

Germany's Schwedt refinery to run at 70% of capacity from June

Germany's Schwedt oil refinery will run at 70% of capacity from June, German state secretary Michael Kellner said as he greeted a tanker arriving at the Gdansk terminal in Poland with non-Russian oil en route to the refinery.