Crude oil

Lummus to provide digitalization services to Zhangzhou CHIMEI Chemical Company

Lummus Technology announced it has been awarded a contract by Zhangzhou CHIMEI Chemical Co. Ltd. for digitalization services at their petrochemical facility in Gulei, Fujian Province, China.

TC Energy has submitted plan to restart Keystone pipeline after spill

TC Energy Corp has submitted its plan to restart the Keystone pipeline to U.S. regulators, a source familiar with the matter said on Tuesday, nearly two weeks after the line ruptured in the worst oil spill in the United States in nine years.

Greece to tap oil refineries levy to fund food allowance for households

Greece expects to raise around 650 MM euros ($690.82 MM) from a windfall tax on its two oil refineries this fiscal year and use the proceeds to help households with their monthly food expenses.

India to remain top buyer of Russia's Urals crude in December

India is taking most of Russia's Urals crude oil loading in December as it remains top buyer for a second month in a row, according to traders and Refinitiv data.

U.S. begins buying back oil for strategic reserve

The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year's record 180 MM barrel release from the stockpile.

Aramco and TotalEnergies to build $11-B Saudi petrochemicals plant

Saudi Arabian Oil Company (Aramco) and TotalEnergies will join forces to build a new petrochemicals complex in Saudi Arabia, the French energy group said on Thursday.

ExxonMobil starts operations at large-scale advanced recycling facility

The facility at the company’s integrated manufacturing complex in Baytown, Texas, uses proprietary technology to break down hard-to-recycle plastics and transform them into raw materials for new products.

India may split planned mega refinery to various sites

India is considering building several refineries instead of a single mega plant planned with Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), due to challenges in acquiring land.

Russia replaces Iraq as top oil supplier to India in November

Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec. 5 could hit supplies and choke payment avenues, data obtained from trade sources showed.

Oil storage situation in Canada and U.S. after Keystone spill

Six days after TC Energy Corp's Keystone pipeline shut following a 14,000-barrel spill into a creek in Kansas, traders are questioning whether there is enough oil in storage in key areas if the pipeline remains closed for a number of weeks.