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Crude oil

Peru declares environmental emergency after oil spill

Peru's government on Thursday declared an environmental emergency in a northern coastal area, where state oil firm Petroperu last weekend spilled a crude oil shipment into surrounding waters of the Pacific Ocean.

Mexico's new Olmeca refinery operated at 17% of capacity in November

Mexican state energy company Pemex resumed refining operations at is new Olmeca refinery in November, working at nearly 17% of its 340,000-bpd capacity after being fully offline in October.

Indian state refiners may buy Middle East spot oil to replace Russian shortfall

Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, in a move that could support prices for high-sulfur oil.

Japan's Taiyo Oil to shut two CDUs at Shikoku refinery for maintenance

Japanese oil refiner Taiyo Oil plans to shut down two crude distillation units (CDUs) at its 138,000-bpd Shikoku refinery in western Japan this week for scheduled maintenance.

Mexico's oil and gas output drops to lowest level all year in November

Mexico's production of liquid hydrocarbon and natural gas in November fell to the lowest levels recorded all year and was well below last year's averages.

Saudi Arabia was top buyer of Russian fuel oil and VGO in November

Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in November, according to traders and LSEG data.

Portugal's Galp plans to start producing biofuels in 2026

Portugal's Galp Energia expects to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is building at its Sines refinery in 2026.

Nigeria's Dangote Refinery hits 85% refining capacity

Nigeria's Dangote Refinery is now operating at 85% capacity and is on course to deliver European-standard products by January, an executive said on Friday.

India's BPCL buys first Argentinian crude oil cargo for Feb. delivery

India's Bharat Petroleum Corp Ltd. (BPCL) has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries.

Oil via Russia's Druzhba pipeline halted by technical problems

Russian and Kazakh oil flows to Hungary, Slovakia, the Czech Republic and Germany via the Druzhba pipeline have stopped since Thursday due to technical problems at a Russian pumping station.