Crude oil
China cuts second batch of 2023 fuel export quotas
China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins.
Iraq asks Turkey to resume northern oil export pipeline
Iraq has sent an official request to Turkey to restart oil export flows through a pipeline that runs from the semi-autonomous Kurdistan Region in northern Iraq to the Turkish port of Ceyhan.
Russia's Transneft says Druzhba pipeline 'attacked' near Ukraine border
Russia's oil pipeline operator Transneft said that a filling point on the Europe-bound Druzhba pipeline in a Russian region bordering Ukraine had been attacked, the TASS news agency reported, citing the company.
Congo in discussions with Uganda over use of crude pipeline
The Democratic Republic of Congo is in discussions with neighboring Uganda for possible use of the east African country's planned crude oil pipeline to export petroleum, Congo's hydrocarbons ministry said.
Chile signs oil import deal with Argentina's YPF
Chilean state oil company National Petroleum Company said it has signed a temporary agreement with Argentine oil firm YPF to import crude through the Trasandino pipeline, a key step for both countries' trade.
Russia's Lukoil completes sale of ISAB oil refinery in Italy
Russia's second-largest oil producer Lukoil said its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities.
UAE's ADNOC to supply full crude volumes to Asian buyers
ADNOC has informed at least three buyers in Asia that it will supply full contractual volumes of crude, steady from the previous month, trade sources said.
How will China's clampdown on mislabeled cargoes affect sanctioned oil?
Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabeled as diluted bitumen in an effort to bypass import quotas.
Oil prices jump but still on track for third weekly fall
Oil prices jumped but were set for a third straight week of losses after sharp declines earlier in the week on fears about interest rate hikes, U.S. banking sector problems and slowing Chinese demand.
SK Innovation sees 'solid' Q2 refining margin on China's reopening
SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Russian Urals oil sales to Turkey in Nov. up 38% m/m as STAR refinery increases runs 11/27
