Crude oil
Exxon prepares to start up $1.2 B Texas oil refinery expansion
Exxon Mobil Corp in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $1.2 B expansion first considered nine years ago.
China demand optimism sets oil on track for strong weekly gain
Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States.
Venezuela earmarks a third oil cargo to Chevron under U.S. license
Venezuelan state oil company PDVSA has assigned a third crude cargo to Chevron Corp under a U.S. authorization that restarted exports to the United States after a nearly four-year pause.
French refinery, metro strikes loom in clash over pension reform
France's CGT trade union called for strikes in the refinery sector against plans to make people work longer before they can retire and Paris metro unions said they would do "everything they can" to stop the pension reform.
Nghi Son refinery to shut for 55 days from August 25 for maintenance
Vietnam's largest refinery, Nghi Son, will be shut down for 55 days starting August 25 for major maintenance.
Crude oil prices forecast to decline beginning in the second half of 2023
In the EIA's January 2023 Short-Term Energy Outlook, it was forecast the Brent crude oil price (the global benchmark) will rise from an average $81 per barrel (b) in December 2022 to average $83/b in the first quarter of 2023.
PetroVietnam 2022 crude oil output flat at 10.84 MMt
PetroVietnam reported crude oil output of 10.84 MMt in 2022, flat from a year earlier and 24% above its official target, Vietnam's Ministry of Industry and Trade said.
API unveils plan to make, move and improve American energy
The American Petroleum Institute (API) President and CEO Mike Sommers today released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil.
Chevron's first cargo of Venezuelan oil after license departs to U.S.
Chevron Corp's first cargo of Venezuelan crude after a U.S. license received in November has departed from a ship-to-ship transfer hub near Aruba to its Pascagoula, Mississippi refinery.
Vietnam's largest refinery to fix leaking RFCC unit by January 15
Vietnam's largest oil refinery will complete repairs needed to fix a technical problem at its residual fluid catalytic cracking (RFCC) unit by Jan. 15, two refinery sources said on Tuesday.
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- Tribunal rejects TC Energy's $15-B claim for Keystone XL 7/17
- U.S. imports of Canadian crude hits record high following TMX startup 7/17
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