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Crude oil

bp abandons goal to cut oil output, resets strategy

bp has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence.

Russia considers diesel export ban for non-producers

Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies.

Turkey, Brazil are main buyers of Russian seaborne diesel after EU embargo

Turkey and Brazil have been the main importers of Russian seaborne diesel and gasoil since the European Union banned the import of Russian oil products.

Iraq's Kerbala refinery non-operational due to maintenance

Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity.

Singapore's middle distillates stocks snap three-week fall

Singapore's middle distillates inventories rebounded to a three-week high after falling for three consecutive weeks.

Update: U.S. crude oil inventories rise as refining activity dips

U.S. crude oil inventories rose last week as refinery utilization rates fell amid weakening fuel demand.

U.S. crude oil and gasoline inventories rise, distillates fall

U.S. crude oil and gasoline inventories rose while distillates fell last week, the U.S. Energy Information Administration (EIA) said on Wednesday.

Mexico's Pemex posts drop in oil production as Lopez Obrador exits

Crude output by Pemex fell in August as Mexico's national oil company failed to reduce fuel imports in line with company targets, while overall falling well short of the lofty energy trade goals of the country's outgoing president.

South Korea's S-Oil shuts a crude unit for scheduled overhaul

South Korea's S-Oil has shut the No. 1 crude distillation unit (CDU) and some refining units at its Onsan refinery for a scheduled overhaul this week.

Oil refiner Cnergyico buys Pakistan's first Black Sea CPC Blend

Pakistan's biggest oil refiner Cnergyico said it has recently bought Black Sea CPC Blend, marking the country's first import of this grade.