Crude oil
China taps deeper into oil inventories despite biggest drop in refining on record
China, the world's biggest energy importer, slashed imports by 41% in June, freeing up more oil for other countries to buy during the crisis.
China's Sinopec establishes four business units in major overhaul
State-owned Sinopec's earnings in recent years have lagged those of peers PetroChina and CNOOC Ltd., which benefit from a heavier focus on oil and gas production.
Japan refiners to diversify crude sources, explore support for Hormuz bypass routes
Middle Eastern producers, including the UAE and Saudi Arabia, have asked the Japanese government to participate in or support plans to expand oil pipelines to bypass the strait.
Central Asia feels the pinch of Russia's fuel crunch
A decline in oil refining has resulted in a fuel crunch across Russia, with long queues forming at the filling stations, while gasoline and diesel prices significantly increased.
Turkey says Iraq seeks 750,000 bpd capacity on Kirkuk-Ceyhan oil pipeline
The current pipeline agreement between Iraq and Turkey expires this month. The two countries reached an understanding last week to keep it operating for another year and a deal is expected to be signed in the coming days.
IEA warns EU methane law could limit bloc's oil supply options
From January 2027, imported oil and gas must comply with emissions monitoring requirements equivalent to those in the EU or to a U.N.-backed standard known as OGMP 2.0.
Russian oil refinery runs at 21-year lows after drone attacks
Kpler expects Russian refinery runs to remain largely subdued through the third quarter, with only a limited recovery, as continued drone strikes and ongoing repairs constrain refinery operations.
China blunted Iran war oil shock, but can it do the same for fuels?
China's dramatic slashing of its crude oil imports has been credited with keeping prices from spiking during the Iran conflict.
Poland's Unimot says it will supply crude to Germany's Schwedt refinery
Germany has been seeking alternatives for lost supplies after Russia said it would halt deliveries of Kazakh crude via the Druzhba pipeline from May 1.
Hormuz traffic slows to two-month low as renewed U.S., Iran strikes raise safety risk
Shipping industry sources said vessels were increasingly switching off their public AIS tracking transponders, making it difficult to determine the full number of ships crossing the waterway.
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- China taps deeper into oil inventories despite biggest drop in refining on record 7/15
- China's Sinopec establishes four business units in major overhaul 7/15
- Japan refiners to diversify crude sources, explore support for Hormuz bypass routes 7/15
