Crude oil

MOL Group reaches historic milestone by bringing Azeri light crude oil from oilfield co-owned in Azerbaijan

MOL Group is transporting crude oil produced at its co-owned oilfield, the Azeri–Chirag–Gunashli in Azerbaijan, to Slovnaft Refinery in Bratislava.

U.S. refiners shift focus to distillates amid energy transition

As U.S. refiners rejigger operations to reflect declining domestic motor fuels demand in the next decade, they will seek to maximize diesel and biofuels production for exports.

Trafigura, Vitol might step up trade in Russian oil

Global energy traders Trafigura and Vitol still help to export limited supplies of Russian refined products within the rules of international sanctions, but they are considering whether to resume more trade in Russia's oil

Huge Phillips 66 biofuels project will test the industry’s green promises

In the oldest refining town in the American West, Phillips 66 is promising a greener future as it moves to halt crude-oil processing and build a massive renewable diesel plant, leading a global trend.

Mexican state seeks to punish Pemex for emissions from refinery

Mexico's northern state Nuevo Leon warned that it would seek penalties for state oil company Pemex after a dramatic increase in visible emissions from its Cadereyta refinery.

China still adding to crude inventories even as oil refining jumps

China still added more crude oil to inventories in the first two months of the year, despite lower imports and higher refinery processing rates.

European diesel tightens, crude weakens as French refinery outages linger

European diesel markets are flashing warnings of tightening supply while crude oil markets are weakening after nearly two weeks of disruptions at French refineries due to strike action

Mexico's Pemex to lift crude processing to 1.2 M bpd this year

Mexican state-run oil company Petroleos Mexicanos, also known as Pemex, expects to increase its crude processing to 1.2 M bpd this year

Russia's Urals crude supply to EU via southern Druzhba rises

Russia's piped supply of Urals crude to the European Union via the southern spur of the Druzhba pipeline is set to rise 6% on a daily basis in the first quarter from the three months before.

China's diesel exports could fall as refiners focus on domestic demand/filling reserves

China's diesel exports could fall to an eight-month low in March as refiners focus on meeting local demand and increasing domestic stockpiles ahead of planned overhauls at refineries.