Crude oil

UK targets Russia's Transneft in new sanctions on Ukraine war anniversary

The West has imposed tens of thousands of sanctions on Russia, including its oil sector, but has failed to bring Russian oil exports down by any significant amount. China, India and Turkey still buy Russian oil.

Saudi Aramco sells first Jafurah condensate cargoes to U.S. firms, India

The Jafurah project, estimated to contain 229 Tsft3 of raw gas and 75 Bbbl of condensate, is central to Aramco's ambitions to boost its gas output to become a major global natural gas player and to expand its offerings of light crude grades.

Indian refiners' January crude processing slips 0.2% from a month earlier

On a year-on-year basis, refinery throughput was little changed in January. India is the world's third-biggest oil importer and consumer.

Venezuela's refineries boost processing to 35% of capacity

Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies

Croatia must allow Russian oil flows to Hungary and Slovakia, MOL says

MOL has contracted more oil by tankers from various countries, including Russia, to a Croatian port, and both countries are looking to tap emergency crude reserves.

U.S. demands on Europe in the field of energy

This week U.S. Energy Secretary Chris Wright gave the Paris-based International Energy Agency a one-year deadline to abandon its support of goals to reduce planet-warming gas emissions to "net zero" by 2050 or risk losing the United States as a member.

Pall introduces two new technologies to reduce CAPEX and TCO in oil and gas processing

India's Bharat Petroleum, HPCL Mittal buy Venezuelan oil

The heavy oil, purchased through two separate deals, is planned to be co-loaded on a very large crude carrier to save on shipping cost, and will boost India's imports of Venezuelan crude to at least 6 MMbbl through April.

MOL sources alternative oil supplies as Druzhba pipeline outage drags

Hungary's MOL group has ordered tankers delivering Saudi, Norwegian, Kazakh, Libyan and Russian oil to supply its Hungarian and Slovak refineries and halted diesel supplies to Ukraine as it scrambles to overcome an outage of the Druzhba pipeline.