Crude oil
Crude prices up 2% on rising U.S. oil demand and lower output
Oil prices gained about 2% after U.S. data showed crude output was declining while fuel demand was growing.
Finland's Neste misses first-quarter earnings estimates, warns of market volatility
Finland's Neste on Friday posted weaker than expected first-quarter operating earnings and said forecasting both biofuels and oil sales margins will continue to be difficult owing to market volatility.
Global refinery margins lose steam as Russian oil finds new outlets
Global diesel margins have slumped by about half since February, dragging on refiners' profits, as Russian exports continue despite sanctions, helping output from China and India reach all-time highs in March.
Japan receives first low-carbon ammonia cargo from Saudi Arabia
Japan received its first low-carbon ammonia cargo from Saudi Arabia on Friday which it plans to use for co-firing with fossil fuels to reduce carbon emissions.
TotalEnergies' crude unit shut at Texas refinery
A crude distillation unit, a coker and the alkylation unit are shut at TotalEnergies' 238,000 barrel-per-day Port Arthur, Texas, refinery.
China's big refineries crowd out teapots for discounted Russian oil
Chinese state oil giants and major private refiners are sweeping up more Russian crude, supporting prices and forcing smaller independents to seek out cheap alternatives such as Iranian oil.
“Shark Tank” star Kevin O’Leary vows to build $14-B oil refinery in the US
Kevin O’Leary, star of “Shark Tank” and chairman of O’Leary Ventures announced his plans to build a $14-B oil refinery with the goal of reigniting America’s energy independence.
India's March fuel demand soars on robust economic activity
India's fuel consumption jumped to a record high in March fueled by robust economic activity in the world's third biggest oil consumer.
Western curbs on Russian oil products redraw global shipping map
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.
Valero's Port Arthur refinery prepares small CDU restart
Valero Energy Corp is preparing to restart the small crude distillation unit at its 335,000 bpd Port Arthur, Texas refinery after completing a planned overhaul.
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