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Crude oil

Kuwait Petroleum renews oil supply deal to Unipec

Kuwait Petroleum Corp has renewed its contract to supply 300,000 bpd of crude oil to China's Unipec, the trading arm of Asia's largest refiner Sinopec, until 2033.

Lukoil's Volgograd refinery hit by second drone attack this year

Russian oil giant Lukoil's Volgograd refinery was partly shut down after being hit by a drone attack on Sunday, the second such attack this year on the largest refinery in southern Russia.

Diesel profit margins decline amid lower demand, more capacity

Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure.

Seasonal U.S. fuel demand hits pandemic lows, weighs on refining margins

U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, data from the Energy Information Administration (EIA) showed on Wednesday, pushing refiners' margins to multi-month lows.

Analysis: Shell's Singapore refinery sale and its market significance

Oil giant Shell has agreed to sell its Bukom refinery in Singapore—one of the world's largest oil refining and trading centers—to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year.

bp’s Cherry Point refinery turns feedstock into renewable diesel fuel. Here’s how.

bp is boosting biofuels production to 50,000 bpd globally by 2025. Here, bp provides insight into the company's Cherry Point refinery, in Washington state (U.S.), and the facility's co-processing techniques.

Heavy oil shortages are driving up refiners' cost

Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.

India's fuel demand increases more than 6% y-o-y

According to the country's Petroleum Planning and Analysis Cell, India's fuel consumption rose by 6.1% year-on-year in April.

Iraq increases domestic refining capacity by 360,000 bpd within the past year

Iraq's Minister of Oil announced that Iraq's domestic refining capacity increased by 360,000 bpd within the last year, moving closer to achieving the country's goal of self-sufficiency in domestic fuels production.

Mexico's Pemex exported 20,000 bpd of crude, fuel to Cuba in H2 2023

Mexico's state oil company Pemex exported about 20,000 bpd of crude and refined products to Cuba in H2 2023 through a company it owns.