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Crude oil

Russian oil producers send CPC Blend to UAE, open new export route

Russian oil producers supplied their first cargoes of CPC Blend crude to the UAE in August and September opening up a new export route as Moscow looks to find new customers and skirt Western sanctions.

India's ONGC willing to wait to regain oil from Russian project

India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns but is willing to wait because Russian oil is hard to ship right now.

China's fuel oil imports ease for second straight month in August

China's fuel oil imports retreated for a second consecutive month in August, data from the General Administration of Customs showed.

Russia remains China's top oil supplier in August, sales up 26%

Russia maintained its spot as China's top crude oil supplier in August, Chinese government data showed, even as discounts on Russian crude continued to narrow and Moscow cut exports.

Why the volatile South Caucasus is important for oil and gas supplies

Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict.

Kenya extends oil supply agreement with three Gulf companies

Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars.

EU lawmakers to grill new climate chief on fossil fuels

Lawmakers in the European Parliament plan to grill Wopke Hoekstra, who is poised to be the EU's next climate change chief, on how he would phase out fossil fuel subsidies and set a new emissions target for 2040.

Russia and China to build oil transshipment complex for $686 MM

Russia's United Oil and Gas-Chemical Co. and China's Xuan Yuan Industrial Development have agreed to jointly invest $686 MM in construction of a transshipment oil complex in Russia's far east.

Russia considers temporary fuel export ban due to domestic crunch

The Russian government is considering a complete ban on the export of oil products for a certain period of time in order to stabilize domestic fuel prices.

PT Pertamina International chooses Topsoe technology at Cilacap facility in Indonesia

Topsoe has been selected by PT KPI as a technology licensor to provide its HydroFlex technology for the production of renewable fuels at the Cilacap Refinery Complex in Central Java, Indonesia.