Crude oil
Oil rebounds on fading risk of U.S. debt default
Oil prices rebounded from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
Oil prices slide 2% as strong US economic data boosts dollar
Oil prices slid about 2% after solid U.S. economic data spurred the dollar to a two-month high on growing expectations the U.S. Federal Reserve could raise interest rates again in June.
India plans to fill Mangalore SPR with 5.5 MM barrels of oil after Oct
India plans to import about 5.5 million barrels of crude oil after October to fill part of its Mangalore strategic petroleum reserve in southern Karnataka state and may change the crude grade at another facility.
Oil prices dip with all eyes on U.S. debt talks
Oil prices dipped as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand.
Valero responds to fire at Corpus Christi, Texas, refinery
Valero Energy Corp said crews had responded to a fire on Wednesday within its 290,000 barrel-per-day Corpus Christi West refinery in Texas.
U.S. refiners build new oil processing as travel rises
U.S. oil refiners aim to run at up to 94% of a total 17.9 million bpd processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand.
Crews responding to fire at Valero's Corpus Christi refinery
Crews are responding to a fire within the 290,000 barrel-per-day Valero Energy Corp's Corpus Christi West refinery in Texas, according to a community alert.
India's Russian oil buying hits record high, slashes Mideast, Africa share
India's oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at least 22 years.
Croatia's Janaf, MOL sign transport deal for 500,000 tons of crude
Croatia's oil pipeline operator Janaf has signed a transport agreement with Hungary's energy group MOL for shipments of 500,000 tons of crude on the Adriatic pipeline.
Venezuela's PDVSA to ramp up refining by 20% in 2023
Venezuelan state energy company PDVSA's new management expects to boost the country's oil production to 1.17 million bpd by year end while increasing refining and exploration activities, an internal planning document showed.
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- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
