Crude oil
EIA: Distillate and jet fuel contribute to record U.S. petroleum product exports in 2024
In 2024, U.S. exports of total petroleum products increased to a record 6.6 MMbpd annual average, according to the U.S. Energy Information Administration (EIA). Annual U.S. petroleum product exports increased by 495,000 bpd as U.S. exports of distillate fuel oil—typically sold as diesel—and jet fuel increased compared with 2023, while exports of total motor gasoline decreased.
India's Reliance imported 17.3% more Russian oil in March vs. Feb.
India's Reliance Industries, operator of the world's biggest refining complex, imported about 532,700 bpd of Russian oil in March, up 17.3% from February.
Azerbaijan's SOCAR resumes operations at Baku oil refinery
Azerbaijan's oil company SOCAR has resumed operations at an oil refinery in Baku after a 40-day shutdown caused by maintenance works after a fire.
Indonesia ships 2.02 MMt of crude, refined palm oil in March
Indonesia exported 2.02 MM tonnes (t) of crude and refined palm oil in March, down slightly from the previous month's 2.06 MMt.
Valero books $1.1-B impairment, may idle California refinery
Valero Energy Corp. said on Wednesday it was taking a $1.1-B pre-tax impairment related to its California (U.S.) refineries and told state regulators it would permanently shut or restructure its San Francisco-area refinery in Benicia, California by the end of April 2026.
Czechs hail end of Russian oil dependence with first increased deliveries from west
The Czech Republic has become fully independent of Russian oil supplies for the first time in its history, government officials said on Thursday, following the completion of capacity upgrades on the TAL pipeline coming from the west.
Top Turkish refiner Tupras resumes buying Russian Urals crude
Turkey's largest oil refiner Tupras has returned to buying Russian Urals crude cargoes, after it stopped doing so earlier this year due to US sanctions on Moscow, according to three trading sources and shipping data.
U.S. fuel exports to Mexico by land halted by higher scrutiny
The Mexican government has halted U.S. fuel imports sent into the country by road, as it cracks down on illegal deals.
Russia well prepared for refinery maintenances with high fuel stockpiles
Russia has ample motor fuel inventories to offset possible shortages during refinery maintenances.
Nigeria plans petroleum products stockpile to counter global supply shocks
Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in the international market.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
