Economics
Pakistan negotiating for a second discounted Russia crude shipment
Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, the South Asian country's petroleum minister said.
Oil rises as U.S. inflation cools
Oil benchmark Brent futures breached $80 a barrel for the first time since May after U.S. inflation data suggested the interest rate hike cycle in the world's biggest economy is set to finally cool.
BASF to supply Neopentyl Glycol from Zhanjiang to KHUA
BASF and Zhejiang Guanghua Technology Co.,Ltd. have signed a Letter of Intent for the supply of Neopentyl Glycol from BASF’s Zhanjiang Verbund site to KHUA.
H.E. Minister Saad Sherida Al-Kaabi stated that QatarEnergy will supply 40% of new LNG by 2029 at the LNG 2023 "Leadership Dialogue"
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “40% of all the new LNG that will come to the market by 2029, when all our projects are up and running, is going to be from QatarEnergy.”
Iraq to trade crude oil for Iranian gas to resolve power debt
Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for U.S. approval, Iraqi Prime Minister Mohammed Shia Sudani said.
Nigeria intercepts vessel with stolen crude oil
Nigeria's state-owned oil firm NNPC Ltd said an 211,338-U.S. gallon vessel carrying stolen crude had been intercepted offshore while heading to Cameroon and would be destroyed as a deterrent to oil theft.
Saudis to supply full oil volumes to Asia in August, China requests less again
Saudi Aramco has informed some clients in North Asia they will receive full nominated volumes of crude oil in August, several sources with knowledge of the matter said, while top buyer China once again requested for less supply.
Oil prices up 2% to 10-week high on weaker US dollar, rising demand forecasts
Oil prices jumped about 2% to a 10-week high, boosted by a falling U.S. dollar, hopes for higher demand in the developing world and supply cuts by the world's biggest oil exporters.
Russian gasoline exports jump as Asia, Africa replace Europe
Russia's gasoline exports rose in January to June despite the introduction of the European Union's embargo, thanks to healthy supplies of the fuel to Africa and Asia, data from market sources showed and traders said.
Indonesia seizes Iranian-flagged tanker suspected of illegal oil transfer
Indonesia's coast guard said it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil and vowed to toughen maritime patrols.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
