Crude oil
Under U.S. sanctions, Iran and Venezuela sign 20-year cooperation plan
Iran and Venezuela, oil producers grappling with crippling U.S. sanctions, signed a 20-year cooperation plan in Tehran, with the Islamic Republic's supreme leader saying the allies would continue to resist pressure from Washington.
Taiwan's CPC buys first crude with carbon offset from SOCAR
Taiwan's state refiner, CPC Corp, said it has received the country's first crude cargo with certified carbon offset from SOCAR Trading, the trading arm of Azerbaijan's state oil company.
The downstream rundown: In case you missed it 6/10
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
Saudi cuts crude supply to some Chinese refiners in July, sources say
Saudi Aramco has notified at least five North Asian refiners, mostly Chinese, that it will be supplying less than contracted volumes of crude oil in July.
China May crude oil imports at 45.83 MMt, customs data shows
China's crude oil imports rose nearly 12% in May from a low base in the same month a year earlier, although refiners still battled high inventories with COVID-19 lockdowns and a slowing economy weighing on fuel demand.
U.S. commercial crude stocks build, SPR posts record drawdown as refiners ramp up
U.S. commercial crude oil inventories rose unexpectedly last week, while crude in the Strategic Petroleum Reserve fell by a record amount as refiners ramped up production to pre-pandemic levels.
Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal
Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts a higher output target for OPEC+ oil producers would ease tight supply.
Norway oil and gas workers threaten strike, some crude output at risk
At least 647 Norwegian oil workers plan to strike from June 12 if state-brokered wage mediation fails, putting some crude output at risk of shutdown although gas may not be affected.
The downstream rundown: In case you missed it
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
Slovakia says hardest hit by Russia oil sanctions, expects solidarity
Slovakia said on Friday it would be hardest hit by European Union sanctions on Russian oil and it expected solidarity from Brussels to mitigate the impact.
- Rompetrol completes DCU project at Petromidia refinery 7/17
- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
- Pertamina expects Balikpapan's CDU IV to resume later this month 7/17
- Exxon shut Joliet, Illinois, refinery after power outage 7/17
- ExxonMobil introduces Enable™ 1617 performance polyethylene 7/17
- Tribunal rejects TC Energy's $15-B claim for Keystone XL 7/17
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
