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Crude oil

Russia's oil transit via Ukraine down 15% in 2024

Russia's oil transit through Ukraine's pipeline system declined by 15% in 2024 to 11.5 MM tonnes (t) (230,300 bpd).

U.S. refiner Delek could run more light sweet oil if tariffs bite, CEO says

U.S. refiner Delek has the option to run more light, sweet crude oil if it is economical to do so, CEO Avigal Soreq said on Thursday, amid tariff uncertainty threatening supplies of heavy sour grades from Canada and Mexico.

Trans Mountain says projects could expand pipeline capacity by 300,000 bpd

Canadian pipeline operator Trans Mountain is looking at expansion projects in the short and long terms that could add between 200,000 bpd and 300,000 bpd of capacity to the company's system.

BP Europa SE announces intended sale of Ruhr Oel GmbH-BP Gelsenkirchen refinery in Germany

BP Europa SE today announced its intention to market its Ruhr Oel GmbH – BP Gelsenkirchen operation in Germany for potential sale. Its assets include the bp refinery in Gelsenkirchen and DHC Solvent Chemie GmbH in Mülheim an der Ruhr.  

Digital Exclusive: Executive viewpoint-Recycled plastic used in roads as Aramco adopts the circular economy

This article details how Aramco is using recycled plastic waste in the construction of new highways and the program aims to reduce emissions and costs, while improving the quality of road infrastructure by utilizing circularity principles   

EIA: U.S. crude inventories surge amid refinery maintenance season

U.S. crude oil inventories rose sharply last week as demand softened on ongoing refinery maintenance, the U.S. Energy Information Administration (EIA) said on Wednesday.

China tariff retaliation targets its modest U.S. energy imports

China is the world's top energy importer but its purchases from the U.S. are relatively modest, blunting the impact of Beijing's move on Tuesday to slap retaliatory tariffs on imports of U.S. crude oil, liquefied natural gas (LNG) and coal.

Analysis: Trump's oil tariffs a boost for European and Asian refiners

U.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants said.

IEA comes under pressure from former oil market chief to cut energy transition focus

The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies.

Lyondell begins shuttering Houston refinery (U.S.) for permanent closure

Chemicals maker LyondellBasell Industries began shuttering its 263,776-bpd Houston refinery on Monday for permanent closure. The shutdown is expected to be completed by early February.