Crude oil

Western pressure to hit Asian buying of Russian oil and LNG from December

Washington is exerting pressure on China, India and Japan through trade talks to reduce their purchases of Russian oil and LNG, while Britain has just imposed sanctions on Chinese and Indian entities.

U.S. says India halves Russian oil imports, sources say no cuts seen

Russian oil is a main irritant for Trump in prolonged trade talks with India - half of his 50% tariffs on Indian goods are in retaliation for those purchases.

UK sanctions Russia's Lukoil and Rosneft, targets shadow fleet

Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government. They are subject to an asset freeze, director disqualification, transport restrictions, and a ban on British trust services.

Some Indian refiners to move away from Russian oil

India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022.

Indian-backed oil refinery in Mongolia should begin operations in 2028

Mongolia's first oil refinery is being built with a $1.7-B Indian line of credit and will have the capacity to process 1.5 metric MMtpy of crude oil, or 30,000 bpd.

Sinopec diverts supertanker from U.S.-sanctioned port

A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday.

Sanctions-hit Nayara scrambles to sustain operations, with New Delhi's help

Shut out of many international markets because of crippling sanctions imposed by the European Union on July 18, the Russian-owned refinery has had to divert more fuel to the domestic market and find new export customers, among numerous workarounds, big and small, forced by the bloc's penalty.

Latest U.S. sanctions on Iranian oil deal blow to China's Sinopec

The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports.

FourPoint Resources, Energy Transfer to facilitate expansion of Price River Terminal in Utah (U.S.)

The terminal expansion will feature a newly constructed continuous loop track to streamline rail logistics and a railcar load rack capable of loading 140,000 bpd of oil.

Temperature control strategies for distillation columns in the CPI