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Crude oil

Kazakhstan to ban oil products supplies via rail to Russian port of Taman

Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman in 2023, according to a document from the state-owned railway operator.

Enbridge reaches toll agreement with shippers for Mainline system

Enbridge Inc, Canada's largest transporter of crude oil, said it has reached a 7-1/2 year toll agreement with shippers for its Mainline system.

Phillips 66 beats profit estimates as refining margins soar

U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.

India state retailers gasoil sales rose in April

Indian state fuel retailers' gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity.

Exxon Mobil not quitting exploration in Brazil

Exxon Mobil Corp is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said during the Offshore Technology Conference in Houston.

India cuts windfall tax on petroleum crude

India has cut the windfall tax on petroleum crude to ₹4,100 per ton from ₹6,400 per ton.

From crude oil to light olefins: Development and industrial application of the next-generation catalyst for catalytic pyrolysis process

SINOPEC Research Institute of Petroleum Processing: Sha, Y.  |  Wang, P.  |  Zhou, X.  |  Zhu, G.  |  Lu, W.  |  Ouyang, Y.  |  Song, H.  |  Lin, W.  |  Luo, Y.

Light olefins, particularly ethylene and propylene, are the most crucial building blocks for the petrochemical industry.

US April oil exports top forecasts on Chinese demand

US crude oil exports rose more-than-expected last month, building on a record 4.5 million bpd in March, as Chinese refiners snapped up cargoes to meet rising fuel demand.

Australia's Ampol first-quarter refining margins jump on solid fuel sales

Australia's Ampol Ltd on Thursday reported a 40.7% expansion in refining margins at its Lytton refinery in Queensland, powered by higher prices for refined products such as petrol and diesel with continued strong performance across all segments.

Oil group MOL disputes hikes to pipeline fees through Ukraine, Croatia

Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026 by implementing substantial investments.